Securities / Derivatives

    Securities / Derivatives

    SC Malaysia Raises Bar on Investment Research, Advice

    By Editors | 11/12/2022

    The SC released new guidelines for investment analysts and a technical note for those seeking to provide digital investment advice.

    Enforcement

    FCA to Ban Ex-Mizuho Traders for Manipulating Italian Bond Futures

    By Editors | 11/12/2022

    The FCA said the three traders repeated a pattern of “deliberate and intentional market manipulation on a number of occasions and were dishonest.”

    Market Infrastructure

    EU Commission Proposes New Rules on Clearing, Listing

    By Editors | 11/12/2022

    EU market participants will have to hold “active accounts” at EU CCPs for clearing certain systemic derivatives. Dual class shares will be introduced.

    Enforcement

    US Authorities Fine NYSE-Listed ABB for South Africa Bribes

    By Mark Johnston | 10/12/2022

    The action was coordinated among US, South African and Swiss authorities. ABB also paid bribery related fines in 2004 and 2010.

    Securities / Derivatives

    RBI Tightens Rules on Loan Securitisations

    By Editors | 10/12/2022

    Local market participants say the move will reduce the volume of tradable securities available in the market, but improve the quality of securitisations.

    Securities / Derivatives

    CSRC Authorises Fidelity to Operate Onshore Mutual Funds Business

    By Editors | 10/12/2022

    Fidelity International’s approval comes after similar approvals were granted to Neuberger Berman, Manulife Financial Corp and BlackRock.

    Securities / Derivatives

    IFSCA Mulls Introduction of VCC Structure in GIFT City

    By Editors | 08/12/2022

    An expert committee set up by the IFSCA in 2020 has proposed a legal framework for introducing the VCC structure for funds operating in GIFT City.

    Big Picture

    BIS Calls Out Stability Risks From ‘Hidden’ FX Swap Debt

    By Editors | 08/12/2022

    The BIS is concerned about high volumes of USD debt recorded off-balance sheets and FX settlement risk that remains “stubbornly high”.

    Market Infrastructure

    Clearstream to Open Up Access to Korea Treasury Bonds

    By Editors | 08/12/2022

    The move comes after Korea passed a bill exempting non-residents and foreign corporations from having to pay income and capital gains tax on government bonds.

    Securities / Derivatives

    Ex HKEX CEO to Launch Macau Exchange for Small Chinese Firms

    By Editors | 07/12/2022

    The exchange, Micro Connect, will provide global investors access to revenue shares from Chinese micro and small businesses.

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