SECURITIES / DERIVATIVES

Enforcement

UPDATED – Citadel Securities Fined in Korea for ‘Disrupting Market Order’

By Editors | 31/01/2023

The case was the first in which the FSC imposed a penalty for market order disruptions as a result of high-frequency algorithmic trading.

Crypto / Digital Assets

JPX Starts Using Blockchain Tech to Settle Rubber Futures Deliveries

By Editors | 31/01/2023

The new system digitises delivery orders required for the physical delivery of rubber when futures contracts expire, thereby enhancing settlement efficiency.

Enforcement

SFC Fines Private Fund Adviser for Failing to Protect Investors’ Interest

By Editors | 31/01/2023

Cardinalasia Consulting and its responsible officer failed to ensure that the manager of the five private funds received appropriate advice.

Securities / Derivatives

Philippine SEC Issues Consumer Protection Rules for Consultation

By Editors | 31/01/2023

The rules will implement the requirements of the Financial Products and Services Consumer Protection Act, which passed in May last year.

ESG / Sustainability

IFSCA Issues Disclosure Framework for GIFT City ESG Funds

By Editors | 30/01/2023

The framework is designed to promote the consistency, comparability, and reliability of disclosures from ESG funds operating in India’s maiden international financial services centre.

Enforcement

FCA Charges Former Janus Henderson Analyst for Insider Trading

By Editors | 30/01/2023

Redinel Korfuzi used confidential inside information obtained in his role as a Janus Henderson analyst to enable “timely and profitable trading” in 49 companies.

Securities / Derivatives

DTCC Publishes Testing Framework for US Move to T+1 Settlement

By Editors | 30/01/2023

The testing framework assumes a September 2024 implementation date. Testing dates may have to change as regulators have not yet confirmed an implementation date.

Market Infrastructure

India Completes Transition to T+1 Settlement Cycle

By Editors | 30/01/2023

The final phase of India’s T+1 transition roadmap covered the country’s largest listed securities, which transitioned to the new settlement cycle on Friday.

Securities / Derivatives

Korea FSC Unveils New Risk Rating System for Investment Products

By Editors | 29/01/2023

Due for implementation in Q4, the new system will apply an industry-wide common standard to investment product risk ratings to improve reliability and comparability for investors.