SECURITIES / DERIVATIVES

    Market Infrastructure

    PBOC to Scrap Market Maker Approval Process in Interbank Market

    By Sanday Chongo Kabange | 01/11/2020

    The PBOC proposes to allow banks and securities firms to only sign an agreement with trading platforms to conduct market making business.

    Enforcement

    MAS Bans Two Former Bankers for Fraud, Dishonest Conduct

    By Editors | 01/11/2020

    The former OCBC treasury advisor placed unauthorised FX trades in client accounts, while the former UOB relationship manager made unauthorised bank transfers.

    Securities / Derivatives

    IFSCA Approves Bullion Trading Regulations for Gift City

    By Sanday Chongo Kabange | 01/11/2020

    The regulations provide guidelines on to functions, general obligations, ownership and governance structure for a bullion exchange and clearing corporation in Gift City.

    Securities / Derivatives

    US, Thailand Partner to Strengthen Infrastructure Finance

    By Editors | 30/10/2020

    The cooperative initiative will focus on the development of financial instruments, project finance, the local debt market, and capital markets.

    Securities / Derivatives

    PRI Offers Guidance on Asset Owner Relationships with Asset Managers

    By ESG Investor | 30/10/2020

    The new series offers guidance on the selection, appointment and monitoring of investment managers, reflect growing demand for sustainable investment.

    ESG / Sustainability

    Support for TCFD Climate Disclosure Recommendations Rising

    By ESG Investor | 30/10/2020

    Asset manager and asset owner reporting to clients and beneficiaries may not be sufficient, says a new report from the TCFD.

    Enforcement

    SFC Suspends Licence of Mason Securities Representative

    By Editors | 30/10/2020

    The former licensed representative said she had forgotten to declare an external securities trading account initially, and “could not be bothered to do so subsequently”.

    ESG / Sustainability

    AIMA, Simmons & Simmons Launch ESG Primer for Asia Fund Managers

    By Editors | 30/10/2020

    The primer contains key concepts and taxonomy, recent regulatory developments impacting Asia fund managers, and a checklist for developing an ESG strategy and roadmap.

    Enforcement

    Singapore Courts Charge Two for Cheating, False Trading

    By Editors | 30/10/2020

    Ex-KTL Global CEO Tan Kheng Yeow and OCBC Securities trading rep Tan Chun Yong are said to have been involved in a conspiracy for false trading.

    ESG / Sustainability

    SFC Proposes New Requirements for Fund Managers on Climate Risk

    By Manesh Samtani | 29/10/2020

    The proposed requirements for fund managers cover four key elements: governance, investment management, risk management and disclosure.

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