Securities / Derivatives

Securities / Derivatives

Malaysia Announces Measures to Boost Capital Market Vibrancy

By Editors | 20/06/2023

The stamp duty rate payable on stock trades is being reduced by a third to lower the cost of transactions, especially for retail investors.

AML / KYC

SEBI Amends AML Guidelines for Securities Market Intermediaries

By Editors | 20/06/2023

The guidelines tighten the definition of beneficial ownership and require risk assessments before launching new products and services.

Enforcement

SFC Fines Taiping Securities Employee Dealing Control Failures

By Editors | 19/06/2023

Responsible officer had 293 transactions that exceeded the trading limit prescribed for his personal account.

Enforcement

UK FCA Imposes Restrictions on Odey Asset Management

By Mark Johnston | 19/06/2023

The restrictions are intended to facilitate an orderly breakup of Odey Asset Management, after its founder was accused of sexual misconduct.

Securities / Derivatives

SEBI to Require Top Listed Entities to Respond to Market Rumours

By Ranamita Chakraborty | 19/06/2023

The requirement will apply to the top 100 listed entities from 1 October 2023, and to the top 250 listed entities from 1 April 2024.

Securities / Derivatives

Malaysia SC to Refine Investor Classification Framework

By Ranamita Chakraborty | 19/06/2023

The SC will also allow fund managers to offer foreign funds to high-net-worth entities and institutional investors.

Market Infrastructure

HKEX Launches HKD-RMB Dual Counter Model

By Manesh Samtani | 19/06/2023

24 Hong Kong-listed companies have started offering both HKD and RMB trading counters.

Securities / Derivatives

DBS Launches New Multi Family Office Platform for UHNW Families

By Sanday Chongo Kabange | 19/06/2023

The new platform is established as an umbrella VCC, with multiple underlying sub-funds that clients can use to manage their assets.

Crypto / Digital Assets

Industry Raises Concerns Over SEC Proposal to Redefine Exchanges

By Editors | 18/06/2023

SIFMA says the SEC’s attempt to bring DeFi systems into scope could potentially subject other non-DeFi broker-dealer systems to unnecessary regulation.