Securities / Derivatives

Enforcement

CFTC Fines HSBC for “Deceptive Trading”, WhatsApp Use

By Editors | 14/05/2023

The CFTC fined three HSBC affiliates a total $75m for manipulative and deceptive trading, spoofing, and supervision and record-keeping failures.

ESG / Sustainability

Philippine SEC Adopts ASEAN SRF Standards

By Sanday Chongo Kabange | 14/05/2023

Rules are established to enable local and ASEAN-member investment companies and CIS operators to offer sustainable and responsible funds locally and across the region.

Securities / Derivatives

Korea Offers Tax Benefits to Investors in High Yield Bond Funds

By Editors | 14/05/2023

The incentive is expected to help boost the demand for mid- and low-credit grade corporate bonds in the market.

ESG / Sustainability

Stewardship Dialogue Must be Ongoing – FCA

By ESG Investor | 13/05/2023

UK regulator seeks evidence of barriers to collaborative engagement, expects consultation responses to feed into review of ‘macro’ stewardship.

Securities / Derivatives

SSE, SZSE Issue Updated Guidelines for Infrastructure REITs

By Mark Johnston | 13/05/2023

The revised guidelines aim to optimise the review process, enhance information disclosures, and promote the infrastructure REITs market.

Securities / Derivatives

FSS Governor Promotes Korea Finance in Southeast Asia Tour

By Mark Johnston | 13/05/2023

FSS chief Lee Bok-hyun met with central bank governors and global investors to showcase the potential of Korea’s financial market.

Enforcement

SEBI Penalises Four Former Officials of Karvy Stock Broking

By Mark Johnston | 12/05/2023

SEBI fined the four individuals a combined INR 19 million over Karvy Stock Broking’s misappropriation of client assets in 2019.

Market Infrastructure

PCAOB Publishes Findings from Audit Inspections of Chinese Firms

By Editors | 12/05/2023

The PCAOB said it found an “unacceptable rate” of deficiencies in the KPMG and PwC audits of US listed Chinese companies it reviewed last year.

Securities / Derivatives

SEBI Allows FPIs Direct Access to Commodity Derivatives Market

By Editors | 12/05/2023

Direct access will enable FPIs to have direct control over orders and implement better hedging and arbitrage strategies, SEBI said.