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Enforcement
Citigroup Faces $1.2m Fine in Japan over Alleged JGB Manipulation
By Editors | 27/03/2019
Citigroup’s London office allegedly placed large orders in the 10-year JGB futures market outside of Japanese trading hours that were not executed, but may have mislead investors.
Market Infrastructure
CFTC Expands Margin Comparability Determination for Japan
By Editors | 27/03/2019
The amended determination for Japan finds comparability regarding the scope of entities subject to the margin requirements, and the treatment of margining for inter-affiliate transactions.
Securities / Derivatives
Taiwan Launches Simulator for New Continuous Trading System
By Editors | 27/03/2019
The simulation platform will operate off-market hours and allow investors to familiarise themselves with the new system, which is set to be launched in March 2020.
Securities / Derivatives
Bangladesh Looks to Boost Capital Markets with Derivatives, Sukuk Trading
By Editors | 26/03/2019
Bangladesh’s securities regulator is reportedly formulating new rules to facilitate trading of derivatives and sukuk, while it also considers changes to enhance private placement regulations.
Market Infrastructure
Leading Dealers Adopt DTCC-Euroclear Collateral Management Utility
By Editors | 26/03/2019
The Margin Transit Utility provides straight-through-processing and centralised communications and settlement instructions for collateral transfer.
Securities / Derivatives
S. Korea to Reduce Securities Transaction Tax This Year
By Editors | 25/03/2019
The stock trading tax will be cut on the KOSDAQ, KOSPI and KONEX. Capital gains taxes on stock transactions to also be changed.
Securities / Derivatives
JPX-TOCOM Merger Agreement Expected by End-March
By Editors | 22/03/2019
JPX and TOCOM plan to merge this year to create an all-in-one bourse that handles both stocks and commodity futures, but challenges will remain even after a final agreement is reached.
Enforcement
Singapore Court Issues First Jail Sentence for 2013 Penny Stock Crash
By Editors | 22/03/2019
Former Ipco International interim CEO Goh Hin Calm was sentenced to three years imprisonment for his role in the 2013 multi-billion-dollar penny stock crash.
Securities / Derivatives
ISDA Publishes Full Version of Derivatives Lifecycle Blueprint
By Editors | 22/03/2019
The ISDA Common Domain Model for interest rate and credit derivatives has been published, part of a push to standardise global derivatives trading and automate market practices.
Securities / Derivatives
SFC Orders Brokers to Freeze Client Assets in Market Manipulation Case
By Editors | 22/03/2019
The prohibition orders as part an investigation into suspicious trading which appeared to create a false market in China Ding Yi Feng shares leading to an “irrationally high share price”.
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