Securities / Derivatives

Enforcement

FSA Bars SMBC Nikko from Block Trades for 3 Months

By Editors | 09/10/2022

SMBC Nikko Securities was also found to have shared confidential information of several corporate clients without their consent with its parent’s banking unit.

AML / KYC

Malaysia Budget 2023 to Tackle Scams, Promote Capital Market

By Editors | 09/10/2022

Budget 2023 includes measures to strengthen the capital market, protect against scams and cyber threats, and drive the ESG and climate change agenda.

AML / KYC

LME Considers Banning Russian Metals from Warehouses

By Editors | 08/10/2022

Even without direct sanctions, a significant number of metals consumers are expressing an unwillingness to accept Russian metal in 2023, LME says.

Securities / Derivatives

IMF Calls on Policymakers to Address Fund Redemption Risks

By Editors | 08/10/2022

Policymakers should provide guidance on how open-ended funds should calibrate swing pricing and similar tools, and monitor their implementation.

Enforcement

HK Court Orders Founder to Buy Shares from Wronged Investors

By Editors | 07/10/2022

The order is the first made to require a listed company executive to buy shares held by other investors “at a price to be determined by the court”.

Securities / Derivatives

China Offers Tax Breaks to Private Pension Participants

By Editors | 07/10/2022

The move is expected to incentivise more FIs to participate in the private pension scheme and improve their products and services to gain market share.

Crypto / Digital Assets

SWIFT Publishes Results of CBDC, Tokenised Asset Experiments

By Editors | 06/10/2022

The experiments show SWIFT can enable central banks to connect their CBDC networks to all other payment systems in the world through a single gateway.

ESG / Sustainability

UK FCA Warns on Green Fund Label Abuse

By ESG Investor | 05/10/2022

FCA Director of ESG Sacha Sadan underlines need for market confidence, highlights importance of investor engagement.

AML / KYC

Singapore Passes Amendments to Business Trusts Act

By Editors | 05/10/2022

Unlisted business trusts will have to obtain and maintain information on the beneficial owners of units, and provide this information to authorities upon request.