Securities / Derivatives

    AML / KYC

    BitMEX to Pay $100m in Civil Penalties for US Regulatory Breaches

    By Editors | 12/08/2021

    BitMEX unlawfully accepted orders and funds from US customers to trade cryptocurrencies and failed to have in place an AML and user verification programme.

    Securities / Derivatives

    Bursa Malaysia to Enhance Framework for Main Market Advisers

    By Editors | 11/08/2021

    The amendments will make available a wider pool of qualified corporate finance advisers to act as a Recognised Principal Adviser on the Main Market.

    Securities / Derivatives

    Singapore Sees Resurgence of ‘Pump and Dump’ Scams

    By Editors | 11/08/2021

    Seven victims recently bought more than 49,000 shares in a US-listed company based on the recommendation of an “expert” and lost over $1mn within two days.

    Securities / Derivatives

    Thai SEC Proposes More Flexible Rules for Fund Advertising

    By Pongnut Thanaboonchai | 11/08/2021

    More principle-based requirements will provide more flexibility to fund managers while still adequately protecting investors, the SEC said.

    Securities / Derivatives

    PBOC Scraps Rule Requiring Bond Issuers to Obtain Credit Rating

    By Manesh Samtani | 11/08/2021

    Requirements for bonds issued in the interbank market to obtain a credit rating have disincentivised rating agencies from properly disclosing credit risks.

    Securities / Derivatives

    ASIC Finds ‘Robust’ Valuation Practices in Fund Industry

    By Ranamita Chakraborty | 11/08/2021

    Valuation practices for illiquid assets were robust, timely and consistent with regulatory guidance and industry standards, ASIC found in a review.

    Securities / Derivatives

    GIFT City Exchanges to Permit Trading in International Stocks

    By Editors | 11/08/2021

    India INX and NSE IFSC are planning to launch trading in international stocks to provide new opportunities to retail investors.

    Securities / Derivatives

    SEBI Eases Lock-in Period for Promoters, Pre-IPO Investors

    By Sanday Chongo Kabange | 11/08/2021

    The lock-in period for promoters will be eased from 36 to 18 months. For pre-IPO investors, the lock-in will be reduced from 12 to 6 months.

    AML / KYC

    SFC Finalises Investor ID, OTC Securities Reporting Regimes

    By Manesh Samtani | 11/08/2021

    The investor identification regime is expected to be launched in H2 2022. The securities transactions reporting regime will go live in H1 2023.

    Market Infrastructure

    CSRC Accepts StanChart Application for Fully-owned China Brokerage

    By Editors | 11/08/2021

    The CSRC has accepted an application from Standard Chartered Bank Hong Kong to establish a fully owned securities unit in the mainland.

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