SECURITIES / DERIVATIVES

    Enforcement

    FSA Bars SMBC Nikko from Block Trades for 3 Months

    By Editors | 09/10/2022

    SMBC Nikko Securities was also found to have shared confidential information of several corporate clients without their consent with its parent’s banking unit.

    AML / KYC

    Malaysia Budget 2023 to Tackle Scams, Promote Capital Market

    By Editors | 09/10/2022

    Budget 2023 includes measures to strengthen the capital market, protect against scams and cyber threats, and drive the ESG and climate change agenda.

    AML / KYC

    LME Considers Banning Russian Metals from Warehouses

    By Editors | 08/10/2022

    Even without direct sanctions, a significant number of metals consumers are expressing an unwillingness to accept Russian metal in 2023, LME says.

    Securities / Derivatives

    IMF Calls on Policymakers to Address Fund Redemption Risks

    By Editors | 08/10/2022

    Policymakers should provide guidance on how open-ended funds should calibrate swing pricing and similar tools, and monitor their implementation.

    Enforcement

    HK Court Orders Founder to Buy Shares from Wronged Investors

    By Editors | 07/10/2022

    The order is the first made to require a listed company executive to buy shares held by other investors “at a price to be determined by the court”.

    Securities / Derivatives

    China Offers Tax Breaks to Private Pension Participants

    By Editors | 07/10/2022

    The move is expected to incentivise more FIs to participate in the private pension scheme and improve their products and services to gain market share.

    Crypto / Digital Assets

    SWIFT Publishes Results of CBDC, Tokenised Asset Experiments

    By Editors | 06/10/2022

    The experiments show SWIFT can enable central banks to connect their CBDC networks to all other payment systems in the world through a single gateway.

    ESG / Sustainability

    UK FCA Warns on Green Fund Label Abuse

    By ESG Investor | 05/10/2022

    FCA Director of ESG Sacha Sadan underlines need for market confidence, highlights importance of investor engagement.

    AML / KYC

    Singapore Passes Amendments to Business Trusts Act

    By Editors | 05/10/2022

    Unlisted business trusts will have to obtain and maintain information on the beneficial owners of units, and provide this information to authorities upon request.

    Securities / Derivatives

    Korea to Relaunch Market Stabilisation Fund This Month

    By Editors | 05/10/2022

    The stabilisation fund will be worth a reported $7bn and be used to inject money in the local stock market if it continues to fall.

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