SECURITIES / DERIVATIVES

    Enforcement

    Former Archegos Employee Sues Firm Over Deferred Bonuses

    By Manesh Samtani | 06/07/2022

    Archegos employees were “coerced” to invest their bonus money into the firm through a deferred compensation plan, which evaporated when the company collapsed last March.

    Fintech / Regtech

    JPX Launches ‘J-Quants’ Data Service for Retail Investors

    By Editors | 06/07/2022

    The service aims to address the difficulties retail investors face in accessing and using raw financial data for investment analysis and decision-making.

    Enforcement

    Hong Kong Police Arrest Eight in Joint Operation With SFC

    By Editors | 06/07/2022

    The joint operation involved a loan granted by a listed company to a related party and payments purportedly made to suppliers that instead went to related parties.

    ESG / Sustainability

    HKEX Announces New Collaboration to Develop Carbon Market

    By Manesh Samtani | 06/07/2022

    HSBC, Standard Chartered, BNP Paribas, ANZ, ICBC, Bank of China and others will sit on a new council to help develop a Hong Kong-based international carbon market.

    Enforcement

    Korea FSS Expands Banking Industry Probe into FX Trading

    By Editors | 06/07/2022

    The probe was prompted by abnormal trading activity at Woori and Shinhan Bank. Other banks have been asked to conduct internal inspections.

    Securities / Derivatives

    UK to Codify Tax Exemptions for Sovereign Investors into Law

    By Editors | 05/07/2022

    The proposals seek to ensure the tax exemptions provided to sovereign investors are more targeted towards investment rather than trading income.

    Market Infrastructure

    ASX Responds on Tranche 3 Rule Changes for CHESS Replacement

    By Editors | 05/07/2022

    The rule amendments will be subject to regulatory approvals. ASX proposes to lodge the combined rules package with ASIC in Q4 of calendar year 2022.

    Market Infrastructure

    Hong Kong, China to Launch ‘Swap Connect’ in Six Months

    By Sanday Chongo Kabange | 05/07/2022

    Swap Connect will initially enable Hong Kong and international investors to trade in Mainland interest rate swaps, and potentially other derivatives in futures.

    Capital / Liquidity

    Korea Regulators Announce Measures to Ease Market Volatility

    By Editors | 05/07/2022

    Securities firms will be exempt from a requirement to hold collateral worth at least 140 percent of the value of each stock purchase to provide credit to customers.

    Market Infrastructure

    ASIC Calls on Industry to Bolster Resilience to Market Outages

    By Manesh Samtani | 05/07/2022

    Market participants should not delay broader planning and change programmes aimed at ensuring their resilience to market outages, ASIC says.

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