SECURITIES / DERIVATIVES

    Enforcement

    US SEC Forms Task Force to Pursue ESG-related Misconduct

    By Editors | 08/03/2021

    The task force’s initial focus will be to identify material gaps or misstatements in issuers’ disclosure of climate risks under existing rules.

    Enforcement

    SEBI Directs MIIs to Establish Controls to Prevent Market Abuse

    By Editors | 08/03/2021

    Stock exchanges, clearing corporations and depositories are asked to establish a code of conduct and institutional mechanism to prevent fraud and market abuse.

    ESG / Sustainability

    SGX Acquires Stake in Rubber Trading Platform HeveaConnect

    By Ranamita Chakraborty | 08/03/2021

    The investment will bolster HeveaConnect’s capability as a price discovery platform for sustainable natural rubber, in line with SGX’s recent focus on sustainability.

    Capital / Liquidity

    ICBC, Ping An Dispose of First Packages of Bad Personal Loans

    By Editors | 08/03/2021

    Asset managers bought packages of bad personal loans from ICBC and Ping An Bank at auction under a new pilot programme.

    Securities / Derivatives

    IOSCO to Review Liquidity Risk Management at Investment Funds

    By Sanday Chongo Kabange | 08/03/2021

    IOSCO is asking asset managers to participate in a survey on their liquidity risk management practices and experiences during the March 2020 market turmoil.

    Securities / Derivatives

    JPX Launches English Disclosure Portal for Listed Companies

    By Sanday Chongo Kabange | 08/03/2021

    Listed companies that have yet to issue disclosures in English have cited the large amount of resources required to prepare documents as their main obstacle.

    Enforcement

    HK Police Arrest 12 Members of Ramp-And-Dump Syndicate

    By Editors | 08/03/2021

    The SFC has frozen securities accounts holding an estimated HK$860mn in ramp-and-dump proceeds, while the Police have seized an additional HK$89mn.

    Market Infrastructure

    HKEX Sets Launch Date for Phase Two VCM Enhancements

    By Editors | 08/03/2021

    The second phase enhancement will allow multiple triggers of the Volatility Control Mechanism per applicable security in the same trading session.

    Securities / Derivatives

    SEBI Issues Modified Guidelines for Mutual Fund Schemes

    By Sanday Chongo Kabange | 07/03/2021

    The cumulative gross exposure limit through equity, debt, derivative positions may not exceed 100% of the net assets of the mutual fund scheme.

    Enforcement

    Ripple, Top Execs File Responses to SEC Complaint

    By Manesh Samtani | 06/03/2021

    At meetings with crypto trading platforms as recently as 2019, SEC staff did not indicate it may have considered XRP a security, Ripple says.

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