Securities / Derivatives

Securities / Derivatives

Malaysia Unveils Strategic Roadmap to Develop Labuan IBFC

By Editors | 28/06/2022

The roadmap includes plans to develop regulatory requirements for digital assets, the tokenisation of non-securities, and dealings on digital exchange platforms.

Securities / Derivatives

CSRC Issues Draft Rules on Pension Investment in Mutual Funds

By Darien Choong | 28/06/2022

Under a new scheme, private pension funds can invest in mutual funds. Initially, only mutual funds with at least CNY 50 million of assets are eligible.

AML / KYC

Sanctions Force Russian Sovereign Debt Default

By Editors | 28/06/2022

Russia made USD 100 million in payments due on 27 May to Euroclear, but the funds were not delivered to investors due to sanctions.

Enforcement

SFC Fines CES Capital for Fund Management Failures

By Editors | 28/06/2022

CES Capital International failed to perform sufficient due diligence and monitoring of the underlying investments of two funds.

Securities / Derivatives

CBIRC Approves Goldman-ICBC Launch of Wealth Management JV

By Editors | 28/06/2022

Goldman Sachs ICBC Wealth Management, set up in May last year, becomes the fourth Sino-foreign wealth management JV approved to commence operations.

Market Infrastructure

US Lawmakers Conclude Review Into Meme Stock Market Event

By Editors | 28/06/2022

A House committee says the SEC should introduce a liquidity rule for clearing brokers and FINRA should establish liquidity planning requirements.

Securities / Derivatives

HKMA, SFC to Proceed With Changes to FSP List

By Editors | 27/06/2022

One new entity, Nomura Financial Products Europe GmbH, is being added to the FSP List under the OTC derivatives regime.

Securities / Derivatives

ASIC Demands More Transparent Communications from Super Trustees

By Editors | 26/06/2022

The communication strategies of some trustees may have risked confusing or misleading members about their product’s performance, ASIC said.

Market Infrastructure

Court Rules Foreign Banks Must Face LIBOR Lawsuits in US

By Editors | 26/06/2022

The Supreme Court has allowed lawsuits accusing foreign banks of manipulating LIBOR to be heard in New York even though the banks did not operate in the US.