SECURITIES / DERIVATIVES

Enforcement

Singapore Court Jails Listed Company CFO for Insider Trading

By Editors | 13/06/2022

The former CFO of Broadway Industrial Group communicated information to two friends about the sale of two of the company’s businesses 2016.

Enforcement

SFC Proposes SFO Revisions to Improve Enforcement Tools

By Sanday Chongo Kabange | 13/06/2022

The amendments relate to SFO provisions on remedial orders, insider dealing, and advertising of investment products.

Securities / Derivatives

RBNZ to Start Unloading Government Bond Holdings in July

By Editors | 12/06/2022

The RBNZ has accumulated government bonds worth NZD 53 billion through a quantitative easing programme that began in 2020.

AML / KYC

OFAC Blocks Secondary Market Trading in Russian Debt, Equity

By Editors | 12/06/2022

To date, only the purchase of new issues has been prohibited, and trading in secondary markets has still been allowed.

Enforcement

US Ruling Calls Into Question Key SEC Enforcement Mechanism

By Editors | 12/06/2022

The Fifth Circuit court ruled that the SEC’s use of in-house administrative law judges deprived the petitioners of the right to a jury trial.

Securities / Derivatives

FSC Korea to Improve Fairness of Accounting Review Process

By Editors | 12/06/2022

The review period will be limited to one year in principle, with the possibility of a six-month extension, to prevent accounting reviews from being prolonged.

ESG / Sustainability

Code of Practice Launches for Voluntary Carbon Markets

By ESG Investor | 10/06/2022

Google, Unilever and Hitachi have signed on to the new code, which aims to improve the integrity of corporate claims about the use of carbon credits.

Securities / Derivatives

US SEC Unveils Plans to Address Payment for Order Flow

By Manesh Samtani | 10/06/2022

Brokers will have to send orders from retail investors to “open and transparent” auctions and meet stronger best execution obligations.

Market Infrastructure

Guangzhou Activates Plans to Become GBA Wealth Hub

By Darien Choong | 09/06/2022

Guangzhou’s financial regulator will seek to attract talent and capital to the city and promote it as a wealth and asset management centre.