Securities / Derivatives

Securities / Derivatives

SC Malaysia Raises Bar on Investment Research, Advice

By Editors | 11/12/2022

The SC released new guidelines for investment analysts and a technical note for those seeking to provide digital investment advice.

Enforcement

FCA to Ban Ex-Mizuho Traders for Manipulating Italian Bond Futures

By Editors | 11/12/2022

The FCA said the three traders repeated a pattern of “deliberate and intentional market manipulation on a number of occasions and were dishonest.”

Market Infrastructure

EU Commission Proposes New Rules on Clearing, Listing

By Editors | 11/12/2022

EU market participants will have to hold “active accounts” at EU CCPs for clearing certain systemic derivatives. Dual class shares will be introduced.

Enforcement

US Authorities Fine NYSE-Listed ABB for South Africa Bribes

By Mark Johnston | 10/12/2022

The action was coordinated among US, South African and Swiss authorities. ABB also paid bribery related fines in 2004 and 2010.

Securities / Derivatives

RBI Tightens Rules on Loan Securitisations

By Editors | 10/12/2022

Local market participants say the move will reduce the volume of tradable securities available in the market, but improve the quality of securitisations.

Securities / Derivatives

CSRC Authorises Fidelity to Operate Onshore Mutual Funds Business

By Editors | 10/12/2022

Fidelity International’s approval comes after similar approvals were granted to Neuberger Berman, Manulife Financial Corp and BlackRock.

Securities / Derivatives

IFSCA Mulls Introduction of VCC Structure in GIFT City

By Editors | 08/12/2022

An expert committee set up by the IFSCA in 2020 has proposed a legal framework for introducing the VCC structure for funds operating in GIFT City.

Big Picture

BIS Calls Out Stability Risks From ‘Hidden’ FX Swap Debt

By Editors | 08/12/2022

The BIS is concerned about high volumes of USD debt recorded off-balance sheets and FX settlement risk that remains “stubbornly high”.

Market Infrastructure

Clearstream to Open Up Access to Korea Treasury Bonds

By Editors | 08/12/2022

The move comes after Korea passed a bill exempting non-residents and foreign corporations from having to pay income and capital gains tax on government bonds.