Securities / Derivatives

ESG / Sustainability

IFSCA Issues Disclosure Framework for GIFT City ESG Funds

By Editors | 30/01/2023

The framework is designed to promote the consistency, comparability, and reliability of disclosures from ESG funds operating in India’s maiden international financial services centre.

Enforcement

FCA Charges Former Janus Henderson Analyst for Insider Trading

By Editors | 30/01/2023

Redinel Korfuzi used confidential inside information obtained in his role as a Janus Henderson analyst to enable “timely and profitable trading” in 49 companies.

Securities / Derivatives

DTCC Publishes Testing Framework for US Move to T+1 Settlement

By Editors | 30/01/2023

The testing framework assumes a September 2024 implementation date. Testing dates may have to change as regulators have not yet confirmed an implementation date.

Market Infrastructure

India Completes Transition to T+1 Settlement Cycle

By Editors | 30/01/2023

The final phase of India’s T+1 transition roadmap covered the country’s largest listed securities, which transitioned to the new settlement cycle on Friday.

Securities / Derivatives

Korea FSC Unveils New Risk Rating System for Investment Products

By Editors | 29/01/2023

Due for implementation in Q4, the new system will apply an industry-wide common standard to investment product risk ratings to improve reliability and comparability for investors.

Enforcement

Korea FSC Issues Guidelines on Employee Personal Trading

By Editors | 29/01/2023

Financial firms should strengthen their internal controls and pre-trade checks to ensure executives and employees are not using “borrowed” accounts for personal trading.

ESG / Sustainability

ESMA Under Pressure on ESG Fund Labelling Rules

By ESG Investor | 27/01/2023

European financial regulator faces up to criticisms of its plans for ESG label rules, with concerns focusing on the EU’s SFDR.

Securities / Derivatives

US SEC to Prohibit Conflicts of Interest in Securitisation Transactions

By Editors | 27/01/2023

The rule, first proposed in 2011 but never finalised, will prohibit firms participating in asset-backed securities from betting against investors in those securities.

Enforcement

Morgan Stanley Fines Staff Over Use of Messaging Platforms

By Editors | 27/01/2023

The penalties ranged from several thousand dollars for some staff to more than USD 1 million for others, cut from past bonuses or future pay.