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Securities / Derivatives
Securities / Derivatives
SEBI Issues Framework to Improve IPO Price Band Discovery
By Editors | 12/04/2023
Stock exchanges will have to compute a common equilibrium price for IPO listings if their call auctions result in equilibrium prices that are too far apart.
Enforcement
CFTC Fines Goldman Sachs for Swaps Conduct Failures
By Editors | 12/04/2023
The CFTC said Goldman touted supposed benefits of same-day swap transactions to clients, but not the corresponding costs.
Enforcement
Korean Authorities Investigate Kakao for Market Manipulation
By Editors | 11/04/2023
The FSS is investigating whether Kakao manipulated the stock price of K-pop agency SM Entertainment.
Securities / Derivatives
SEBI Mandates Direct Plan, Trail Fee Model for AIFs
By Editors | 11/04/2023
SEBI said AIFs should ensure onboard investors who approach them through a SEBI-registered intermediary are onboarded via direct plan.
Market Infrastructure
First Mainboard Stocks List in China Under New IPO System
By Editors | 11/04/2023
At a listing ceremony on Monday, CSRC chairman Yi Huiman said the reforms mean regulators “no longer pass judgment” on a firm’s investability or value.
Crypto / Digital Assets
SEB, Crédit Agricole Launch Digital Bond Issuance Platform
By Editors | 11/04/2023
The platform uses a blockchain validation protocol called “Proof of Climate awaReness”, which incentivises participating nodes to improve their environmental impact.
ESG / Sustainability
Taiwan Loosens Bond Issuance Rules for Foreign Banks
By Editors | 11/04/2023
The changes allow foreign banks to use the issuance proceeds to finance a wider range of sustainable economic activities and carbon reduction transformation projects.
Enforcement
US State Regulators Fine Robinhood for Causing Investor Harm
By Editors | 11/04/2023
Robinhood disseminated inaccurate information to customers and did not have a reasonably designed customer identification programme, among other failures.
AML / KYC
UK FCA Outlines Next One Year of Work to Improve Markets
By Editors | 11/04/2023
The FCA will propose reforms to the listing regime, consult on the introduction of consolidated tapes, and strengthen its authorisation and assessment processes.
ESG / Sustainability
Korea Establishes ‘Capital Market ESG Supervision Task Force’
By Editors | 10/04/2023
The task force will develop ESG fund disclosure standards to address information asymmetry, prevent greenwashing and promote responsible management.
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