SECURITIES / DERIVATIVES

Crypto / Digital Assets

ISLA May Revise GMSLA to Cater to Digital Assets

By Editors | 15/08/2022

ISLA has appointed Ashurst to assess whether the standard master agreements used in securities lending may need to be extended or revised.

Securities / Derivatives

SEBI Issues Framework to Curb Inadvertent Insider Trading

By Editors | 15/08/2022

Company insiders would have their trading automatically restricted while they are in possession of unpublished price sensitive information.

Securities / Derivatives

RBI Allows Standalone Primary Dealers to Expand Services

By Editors | 15/08/2022

Stand-alone primary dealers can offer FX market-making facilities and undertake foreign currency OIS transactions directly with non-residents.

Enforcement

Two JPM Traders Convicted on Spoofing Charges

By Editors | 15/08/2022

The two former traders were convicted of attempted price manipulation, spoofing, commodities fraud, and wire fraud following a three-week jury trial.

Market Infrastructure

Industry Calls for Reforms to EU Benchmarks Regulation

By Manesh Samtani | 15/08/2022

Many non-EU benchmarks won’t qualify under BMR in time for 31 December 2023, disproportionately impacting Asia exposures.

Market Infrastructure

SFC, CSRC Agree to Align Trading Calendars for Stock Connect

By Sanday Chongo Kabange | 15/08/2022

Northbound and southbound Stock Connect trading will be possible on all trading days when both the Hong Kong and Mainland China markets are open.

Securities / Derivatives

Five Chinese Heavyweights to Delist from US Exchanges

By Editors | 15/08/2022

The companies cited the small trading volume of their shares in New York, without mentioning any ongoing disputes between US and Chinese authorities.

Enforcement

China: Nine Execs Allegedly Linked to Semiconductor Fund Fraud

By Editors | 14/08/2022

Executives from a high-profile chipmaker, a fund that invested in it, and the manager of the fund are under investigation in a fraud and corruption probe.

Securities / Derivatives

SEBI Amends Due Diligence Guidelines for Debenture Trustees

By Editors | 14/08/2022

The enhanced guidelines cover empanelment of external agencies for due diligence, conflicts of interest policy, and allow the creation of additional security post NCD listing.