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Enforcement
SFC Fines TC Capital for Due Diligence Failures in Sponsor Work
By Editors | 03/08/2022
The SFC said there was a need to send a “strong deterrent message” to the industry and market that “sponsor failures will not be tolerated”.
Securities / Derivatives
US SEC Adds Alibaba to List of Firms Facing Delisting Threat
By Manesh Samtani | 03/08/2022
Chinese regulators have tried to mollify US regulators, but the PCAOB says it will accept nothing less than “full access” to the audit papers of US-listed Chinese companies.
Securities / Derivatives
Taiwan FSC Tightens Rules for Senior Securities, Futures Personnel
By Editors | 03/08/2022
The rules are aimed at preventing directors from taking on positions at other firms that could affect their performance or create conflicts of interest.
AML / KYC
Moscow Exchange Commences Trading in First Yuan Bonds
By Editors | 03/08/2022
Yuan-denominated bonds will open up an additional source of FX liquidity for Russian borrowers, who have been cut off from the dollar, euro and other foreign currencies.
Market Infrastructure
Guidance Issued for US Transition to T+1 Securities Settlement
By Editors | 02/08/2022
DTCC, SIFMA and ICI have published guidance to help market participants prepare for the US transition to a T+1 securities settlement cycle in 2024.
ESG / Sustainability
China Releases Domestically Unified Green Bond Principles
By Darien Choong | 02/08/2022
The Principles will promote the unification of domestic green bond standards and integration with international green finance standards – including those from ICMA.
Capital / Liquidity
China New Futures and Derivatives Law Takes Effect
By Manesh Samtani | 02/08/2022
On the same day, ISDA published a netting opinion providing legal certainty that close-out netting is enforceable in China.
Capital / Liquidity
CFTC Proposes Capital Comparability Determination for Japan
By Editors | 02/08/2022
Nonbank swap dealers domiciled in Japan would be able to satisfy certain US capital and financial reporting requirements by complying with comparable requirements in Japan.
ESG / Sustainability
Singapore to Launch Inaugural Sovereign Green Bond Sale
By Editors | 01/08/2022
Both institutional and retail investors will be able to apply to purchase the bonds, which will be launched via a book-building process this week.
Fintech / Regtech
Malaysia SC Proposes Technology Risk Management Rules
By Editors | 01/08/2022
The regulatory framework includes a set of principles for capital market entities to adopt in their use of AI/machine learning.
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