SECURITIES / DERIVATIVES

Enforcement

Korea: Daishin Securities Ordered to Compensate Lime Investors

By Editors | 02/08/2021

Daishin Securities is asked to compensate investors up to 80% of losses after it missold funds managed by Lime Asset Management.

Securities / Derivatives

ISDA, ICMA, ISLA Sign MoU on Common Domain Model

By Editors | 02/08/2021

The MoU establishes a framework for closer collaboration on the development of the Common Domain Model across financial markets.

Securities / Derivatives

APRA Raises Expectations on Superannuation Entities

By Editors | 02/08/2021

APRA has written to RSE licensees describing their key obligations in light of the introduction of the Your Future, Your Super reforms.

Enforcement

Westpac Insider Trading Case May Not Be Heard Until 2023

By Editors | 01/08/2021

A proposed February 2022 trial date will not be feasible as Westpac will have to be allowed sufficient time to review expert evidence.

Capital / Liquidity

PBOC Caps Short-term Debt Financing by Securities Firms

By Editors | 01/08/2021

The outstanding balance of short-term financing instruments issued by securities companies shall not exceed 60 percent of net capital.

Securities / Derivatives

DBS, Temasek to Launch Debt Financing Platform, EvolutionX

By Editors | 01/08/2021

The new platform will help founder entrepreneurs avoid dilution of share equity in their companies’ initial stages of development.

AML / KYC

Regulatory Pressure on Binance Builds With Malaysia Ban

By Manesh Samtani | 01/08/2021

Malaysia’s SC has announced enforcement actions. Binance is winding down its derivatives business in Europe. India is probing its involvement in a betting probe.

Securities / Derivatives

CSRC Grants Citigroup Approval to Launch Custody Business

By Editors | 01/08/2021

The licence allows Citi to provide custody services for fund products issued by fund firms or other asset managers in China.

Sanctions

State Street Updates TraHK Prospectus as US Sanctions Take Effect

By Sanday Chongo Kabange | 01/08/2021

In an addendum, State Street says TraHK units will not be offered or sold in the US or to US persons located outside the US.