SECURITIES / DERIVATIVES

Enforcement

New York: Former SPAC CFO Pleads Guilty to Fraud Charges

By Editors | 05/01/2023

The former CFO embezzled money from a SPAC to pay for personal expenses and trade in meme stocks and crypto assets. He also incorporated two other SPACs to conceal his theft.

ESG / Sustainability

Taiwan: TDCC Adds Moody’s ESG Assessments to ESG IR Platform

By Editors | 05/01/2023

The ESG IR platform provides free ESG information from domestic and foreign data providers for retail investors, institutional investors and issuers.

Market Infrastructure

RBI Working to Mitigate Risks from ESMA Decision on Indian CCPs

By Mark Johnston | 05/01/2023

The RBI said it is engaging with European regulators and discussing “alternate arrangements” to avert a market disruption that could result from ESMA’s derecognition of Indian CCPs.

ESG / Sustainability

ASIC Fines Another Listed Energy Firm for Alleged Greenwashing

By Editors | 05/01/2023

ASIC says Black Mountain Energy made misleading statements in three ASX announcements regarding a natural gas development project.

Enforcement

FSC Korea Reorganises Capital Market Fraud Investigation Unit

By Editors | 05/01/2023

The change will improve the efficiency and expertise available for conducting investigations into capital market frauds, the FSC said.

Securities / Derivatives

CSRC Proposes New Position Management Rules for Futures Market

By Editors | 04/01/2023

The proposed rules empower futures exchanges to impose position limits and reporting requirements on market participants. Position limit exemptions may be granted for hedging activities.

Securities / Derivatives

SSE, SZSE Set Out Requirements for STAR Market, ChiNext Listings

By Editors | 04/01/2023

Sponsors must use the new regulations to determine whether issuers comply with the positioning requirements of each market.

Enforcement

CSRC Bars Two Online Brokers from Onboarding Mainland Investors

By Editors | 04/01/2023

Futu Holdings and Tiger Brokers have been offering offshore trading services to mainland clients though they are not licensed in China.

Market Infrastructure

CBIRC Proposes Stricter Rules for Banks’ Custody Businesses

By Editors | 04/01/2023

The draft rules strengthen requirements on internal governance, risk management systems, data protection and security controls within banks’ custody businesses.