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Securities / Derivatives
Enforcement
FSS Korea Identifies “Serious Misconduct” by PE Fund Managers
By Mark Johnston | 03/08/2023
The FSS said it will impose disciplinary procedures “promptly and strictly” against managers and executives who commit illegal acts.
Enforcement
SocGen Reaches Settlement Over Unauthorised Messaging Probe
By Editors | 03/08/2023
SocGen said it has reached separate settlements with the SEC and CFTC, both of which were “pending formal regulatory approval.”
Enforcement
ASIC Sues eToro Over Retail Sales of High Risk CFD Products
By Sanday Chongo Kabange | 03/08/2023
ASIC says eToro’s target market was too broad for “such a high-risk and volatile trading product where most clients lose money”.
AML / KYC
US SEC Flags Deficiencies in Broker Dealer AML Programmes
By Editors | 03/08/2023
Some broker dealers had deficiencies in independent testing, staff training, customer identification and due diligence practices.
Enforcement
ASIC Warns of More Enforcements in the ‘Coming Months’
By Sanday Chongo Kabange | 03/08/2023
ASIC said it has embedded new data and analytics capabilities into its insider trading surveillance processes.
Securities / Derivatives
CSRC Issues Updated Market Maker Rules for Beijing Exchange
By Editors | 03/08/2023
The new draft also aims to increase alignment between the rules for the Beijing Stock Exchange and Shanghai’s STAR Market. The net capital requirement is cut in half.
Securities / Derivatives
HKEX Will No Longer Single Out ‘China Risk’ in Issuer Disclosures
By Editors | 02/08/2023
HKEX removed specific requirements for issuers to disclose China-related risks, to align its requirements across all overseas-incorporated companies.
Enforcement
FSS Korea Directs to Foreign Firms to Improve Trading Controls
By Sanday Chongo Kabange | 02/08/2023
The firms erroneously recorded margin trading transactions. One firm also did not properly document reasons for client-directed order amendments.
Securities / Derivatives
HKEX Adds Additional Margin Calculation Flexibility to VaR Platform
By Sanday Chongo Kabange | 02/08/2023
The changes are designed to accommodate the needs of more complex portfolios and allow firms to easily exclude positions that will be settled by end of day.
Securities / Derivatives
CFFEX Seeks Greater Market Participation from Institutional Investors
By Editors | 01/08/2023
CFFEX will roll out new training, technology and incentives to better support intermediaries in servicing mid- and long-term institutional investors.
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