SECURITIES / DERIVATIVES

Capital / Liquidity

DBS Becomes LCH SwapClear’s First Direct Member in Singapore

By Editors | 18/10/2022

DBS will be able to post Singapore government bonds as collateral, making LCH the first global offshore clearing house to accept the asset class as eligible collateral.

Crypto / Digital Assets

ASIC Places Interim Stop Orders on Three Crypto Funds

By Editors | 17/10/2022

Holon has disclosed the risk that assets in the three funds could face a total loss of value. ASIC considers the funds not suited to the “wide target market” defined in the TMDs.

Securities / Derivatives

Philippine SEC Authorises Country’s First Corporate Debt Vehicle

By Editors | 17/10/2022

The fund will exclusively invest in debt securities such as bonds, notes, commercial paper, debentures, and other evidence of indebtedness.

Securities / Derivatives

SEBI Issues Framework for Dealing with CRA Licence Cancellations

By Editors | 17/10/2022

The new framework comes after SEBI for the first time cancelled the licence of a CRA, Brickwork Ratings India, and ordered it to wind down its operations within six months.

ESG / Sustainability

EU Council Gives Green Light to Board Gender Rules

By ESG Investor | 17/10/2022

The European Council has approved EU rules to ensure a more balanced gender representation on corporate boards.

Securities / Derivatives

Taiwan: 12 Fund Managers Selected to Receive Policy Concessions

By Editors | 17/10/2022

Ten foreign fund managers and two investment trust companies will receive preferential treatment for one year.

Enforcement

Hong Kong Court Convicts Former Fulbright Securities AE

By Editors | 17/10/2022

The former account executive, banned for life in 2017, pleaded guilty to employing a fraudulent scheme involving securities transactions in eight stocks.

Fintech / Regtech

Thai SEC Launches New E-Licensing Services Pilot

By Editors | 15/10/2022

The services will initially allow online submissions of applications for two types of licenses. Full e-licensing services will launch in Q1 2023.

AML / KYC

Glencore Facing Investor Lawsuits Following Bribery Conviction

By Editors | 14/10/2022

Sovereign wealth funds from the UAE, Kuwait and Norway, along with Abrdn, HSBC, Standard Life and others are among the claimants.