Securities / Derivatives

Enforcement

US SEC Fines Bloomberg Over “Misleading” BVAL Disclosures

By Editors | 25/01/2023

SEC commissioners Hester Peirce and Mark Uyeda issued a joint statement saying they do not support the action against Bloomberg.

Market Infrastructure

NYSE System Issue Causes Trading Halts on Major Stocks

By Editors | 25/01/2023

The regular opening auction “did not occur” for a number of stocks so no opening price was printed. Executed trades will be declared “null and void”.

Crypto / Digital Assets

Korea to Improve Market Access for Foreign Investors, Allow STOs

By Editors | 25/01/2023

Korea will abolish the complex registration system for foreign investors, require English disclosures from listed companies, and establish a regulatory framework for security tokens.

Securities / Derivatives

CSRC Revises Rules for Securities Brokerage Businesses

By Editors | 24/01/2023

The rules strengthen requirements for firms to protect customers and implement transaction management and process controls.

Securities / Derivatives

NZ FMA Publishes First Risk Assessment of Fund Management Sector

By Editors | 23/01/2023

Risk management practices and controls used by fund managers reduce overall risk but “pockets of relatively higher risk” still exist.

Securities / Derivatives

Bangladesh: Chittagong Bourse Seeks to Launch FX Derivatives

By Editors | 21/01/2023

Currently, there are no regulations in Bangladesh allowing for the introduction of currency or other financial derivatives.

Securities / Derivatives

SEBI Proposes New Fund Blocking Mechanism for Securities Trades

By Editors | 21/01/2023

SEBI said the proposed ASBA-like mechanism for secondary markets is designed to safeguard client assets from broker misuse and defaults.

ESG / Sustainability

ISSB “Straying” from Core Purpose with Scope 3 Inclusion

By ESG Investor | 20/01/2023

Despite investors calling for disclosure of all emissions, there are concerns the board is reaching beyond its remit.

Market Infrastructure

Exchanges Publish Draft Rules to Expand Stock Connect

By Editors | 20/01/2023

The draft rules cover changes to align the Mainland and Hong Kong’s trading calendars and expand the scope of stocks that can be traded via Stock Connect.