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Securities / Derivatives
Philippine Bourse Proposes to Ease Listing Rules
By Sanday Chongo Kabange | 26/09/2020
The minimum cap requirement for the Main Board is being removed in favour of a net income requirement. The criteria for the SME Board are also being relaxed.
Market Infrastructure
ASX Responds on Tranche 2 Rule Changes for CHESS Replacement
By Editors | 26/09/2020
The consultation on the 2nd tranche of rule changes covered operating rules relating to corporate actions, mFund and RTGS payment aspects for the new system.
AML / KYC
Stockbrokers’ Association Pushes Back Against AUSTRAC Proposal
By Manesh Samtani | 25/09/2020
AUSTRAC proposed in July to allow brokers to open accounts for new clients with flexibility to complete the customer identification procedure within five days.
Enforcement
New Zealand FMA Warns of Action Against Poor Conduct
By Editors | 25/09/2020
There are no excuses for conduct that presents the risk of harm to investors, customers and the integrity of the markets, says FMA chief Rob Everett.
Securities / Derivatives
Sumitomo Mitsui Under Fire for Miscounting Shareholder Votes
By Editors | 25/09/2020
Sumitomo Mitsui confirmed that 1,139 shareholder voting forms were not counted even though they were delivered in time.
Market Infrastructure
European Commission Grants 18 Months Equivalence to UK CCPs
By Editors | 25/09/2020
The European Commission says the decision will give financial market participants time to reduce their “excessive” exposures to UK-based CCPs.
Capital / Liquidity
India Establishes Netting Certainty for Bilateral OTC Derivatives
By Manesh Samtani | 24/09/2020
Parliament passed a bill providing legal basis for bilateral netting of OTC derivatives contracts which are not centrally cleared.
Securities / Derivatives
US Launches Three New Exchanges, Including MEMX
By Sanday Chongo Kabange | 24/09/2020
Long-Term Stock Exchange (LTSE) launched on 17 September; Members Exchange (MEMX) on 21 September; MIAX Pearl will launch on 25 September.
Securities / Derivatives
Sri Lanka SEC to Procure New Surveillance System
By Duruthu E Chandrasekera | 24/09/2020
The SEC is planning to hire a consultant to assess its existing surveillance system and make recommendations on procuring a new system.
Market Infrastructure
FCA Consults on Regulatory Approach for International Firms
By Editors | 24/09/2020
The FCA is seeking views on its approach to authorising international firms that wish to provide financial services in the UK post-Brexit.
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