Securities / Derivatives

ESG / Sustainability

Japan’s FSA to Issue First Guidelines on Impact Investing

By Mark Johnston | 06/06/2023

The guidelines will define novelty, effect, profitability, and disclosure as key requirements for impact investing.

Market Infrastructure

Philippine SEC Approves Plans to Introduce Short Selling – Report

By Sanday Chongo Kabange | 06/06/2023

The SEC and PSE are reported to now be working out how to implement short selling this year, to boost domestic market liquidity.

ESG / Sustainability

SET Amends Listing Rules to Expand Access to Capital Market

By Sanday Chongo Kabange | 06/06/2023

The rule change relaxes earlier limitations that only allowed BCG (Bio-Circular-Green) companies promoted by the government to tap into the capital market.

Market Infrastructure

Cboe Launches “First-of-its-kind” Global Listing Network

By Editors | 05/06/2023

Stocks that are “intralisted” on Cboe’s US and Canada exchanges will be available for trading in the Netherlands and the UK, with Australia to follow.

Enforcement

FCA Fines ED&F Man Capital Markets for Cum-Ex Trading Breaches

By Editors | 05/06/2023

The GBP 17.2 million fine is the largest imposed thus far in connection with the cum-ex tax fraud scheme.

Securities / Derivatives

CFTC Proposes Rule Update to Account for Crypto and Cyber Risks

By Editors | 05/06/2023

The CFTC is considering requiring firms to update their risk management frameworks to account for related to crypto, AI, cyber, and climate.

AML / KYC

SFC Issues Guidance on Crypto Licensing Transitional Arrangements

By Manesh Samtani | 05/06/2023

Crypto firms with “meaningful and substantial presence” in Hong Kong prior to 1 June 2023 can continue to provide services.

Enforcement

HK Police Arrest Man for Illegal Short Selling, Fraud

By Editors | 04/06/2023

The man fabricated trading statements that falsely showed he held shares in four listed companies he short-sold, when in fact he did not, the SFC said.

Enforcement

ASIC Issues First Stop Order on Superannuation Product

By Sanday Chongo Kabange | 04/06/2023

The interim stop orders were made against Spaceship Super and three managed funds promoted by Spaceship Capital due to deficient TMDs.