Securities / Derivatives

Enforcement

US SEC, CFTC Penalise OCC Over Internal Rule Violation

By Editors | 19/02/2023

As a result of certain deficiencies, the Options Clearing Corp’s clearing fund was “underfunded” at various times between October 2019 and May 2021.

Capital / Liquidity

India to Establish Backstop Fund for Corporate Debt Market

By Editors | 19/02/2023

SBI Mutual Fund will administer the $4bn fund, which will be 90% funded by the government and 10% by asset managers.

Market Infrastructure

UK CCPs Directed to Update Outsourcing Agreements by Feb 2024

By Mark Johnston | 19/02/2023

New supervisory statement requires UK CCPs to update legacy outsourcing agreements by by 9 February 2024.

Fintech / Regtech

China Trials Platform for Investors to Check Fund Holdings

By Editors | 17/02/2023

A “Fund E Account” platform will provide a “one-stop” service for individual investors to query information about all their holdings in public funds.

Big Picture

Some APAC Regulators Not Fully Operationally Independent: IOSCO

By Editors | 17/02/2023

Government officials in Singapore, Japan, Hong Kong, Australia and India have some ability to direct or influence securities regulators’ day-to-day operations.

Securities / Derivatives

CFTC to Require UPIs in Swaps Reporting Starting Jan 2024

By Editors | 17/02/2023

UPIs issued by the DSB will be required in reporting credit, equity, foreign exchange, and interest rate swaps from 24 Jan 2024.

Crypto / Digital Assets

Hong Kong Issues First-of-its-kind Tokenised Green Bond

By Editors | 17/02/2023

Financial Secretary Paul Chan said the issuance demonstrates Hong Kong’s strengths in combining bond market, green and sustainable finance, and fintech.

Crypto / Digital Assets

Siemens Issues First Blockchain-based Digital Bond

By Editors | 17/02/2023

Siemens said it sold the bond directly to investors without engaging CSDs, and the transaction was completed within two days.

Market Infrastructure

Bursa Malaysia Launches Low Latency Connectivity Solution

By Editors | 17/02/2023

International market participants can access Bursa Malaysia’s data feed via more than 900 data centres in 32 countries.