Securities / Derivatives

Enforcement

Dubai: KPMG Ordered to Pay Investors Over Audit Violations

By Editors | 20/04/2023

The court said KPMG Lower Gulf committed “many violations” of international auditing standards and ordered the firm to pay investors $231mn.

Crypto / Digital Assets

SEC Chair Gensler Defends Regulatory, Anti-Crypto Agenda

By Manesh Samtani | 19/04/2023

Regulation by enforcement is not sufficient nor sustainable, House Financial Services Committee chair Patrick McHenry told SEC chair Gary Gensler.

ESG / Sustainability

Climate Bonds Initiative Offers Firm-level Certification for SLBs

By ESG Investor | 19/04/2023

The expansion looks to recognise “appropriate ambition” on transition and bring all sectors “into the fold”.

Securities / Derivatives

Two More Chinese Firms List GDRs in Switzerland

By Editors | 19/04/2023

The listings come despite last month’s reports that Chinese regulators had stopped accepting applications from mainland firms seeking to issue GDRs in Switzerland.

Securities / Derivatives

CSRC Issues Draft Rules for Futures Market Practitioners

By Editors | 18/04/2023

The draft rules cancel qualification management requirements, strengthen supervision and self-discipline requirements, and expand the range of prohibited behaviours.

Market Infrastructure

NSE IFSC-SGX Connect to Fully Launch on 3 July

By Editors | 18/04/2023

SGX will migrate all open positions in SGX Nifty to the relevant NSE IFSC NIFTY contracts during the weekend of 30 June.

ESG / Sustainability

More Credit Downgrades Imminent Under Climate Change

By Hazel Ilango | 18/04/2023

Bond investors, including those who do not prioritize climate change mitigation, are unknowingly exposed to the increasing impact of climate-related credit risk.

Crypto / Digital Assets

US SEC Reopens Consultation to Redefine ‘Exchange’

By Editors | 18/04/2023

The proposed rule would update the definition of “exchange” to include crypto trading systems, including DeFi systems. Two SEC Commissioners dissented.

Securities / Derivatives

MAS: “Much Room for Improvement” in Issue Manager Conduct

By Editors | 18/04/2023

MAS identified issue managers that did not perform conflict-of-interest checks, background checks on EDs and controlling shareholders, and site visits to issuers’ material assets.