Securities / Derivatives

Securities / Derivatives

Thai SEC Proposes Rules to Prevent Misuse of IPO Channel

By Sanday Chongo Kabange | 03/08/2022

The amendments will prevent listed companies from operating as investment companies and circumventing rules applicable to fund managers.

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.