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Securities / Derivatives
SEBI to End Usage of Pool Accounts for Mutual Fund Transactions
By Editors | 26/12/2019
SEBI found that trading and clearing members used by mutual funds were diverting client funds and securities to meet their own or third-party margin or settlement obligations.
AML / KYC
ISDA Calls For Guidance on Handling of Derivatives Impacted by Sanctions
By Editors | 25/12/2019
ISDA proposes 8 principles sanctions authorities can consider to ensure safe operation of markets, and minimise derivatives market disruption and economic consequences for non-sanctioned entities.
Securities / Derivatives
HKEX to Shorten IPO Settlement to Single Day
By Editors | 25/12/2019
HKEX hopes to shorten Hong Kong’s five-day IPO settlement process to just one day by end-2020.
Enforcement
SFC Fines Adamas Asset Management for Disclosure Failings
By Editors | 24/12/2019
The asset manager was fined HK$2.5mn for filing 339 incorrect or late notifiable interest disclosures to the SEHK and eight listed companies.
Enforcement
CFTC Charges HSBC Exec with Manipulation, Fraud
By Editors | 24/12/2019
The former head of HSBC’s North American interest rates business allegedly manipulated prices for five-year basis swaps used to price a bond issuance and a related swap.
Securities / Derivatives
Japan Solicits Feedback on Revised Stewardship Code
By Editors | 24/12/2019
The changes add expectations that sustainability issues will be considered in the investment process, and introduce expectations for service providers.
Market Infrastructure
Amundi-BOC Wealth Management JV Wins CBIRC Approval
By Editors | 23/12/2019
The joint venture is expected to launch during the second half of 2020. Amundi will own a 55% stake while BOC Wealth Management will own the other 45%.
Securities / Derivatives
Taiwan Eases Registration Rule for Foreign Employee Investment Accounts
By Editors | 23/12/2019
The overseas parent, subsidiary, branch office or representative office of Taiwan-listed companies may adopt the identity of a foreign institutional investor to register collective investment accounts for their overseas foreign employees.
AML / KYC
SFC, CSRC Set Date for Southbound Investor Identification Regime
By Editors | 20/12/2019
With technical preparations now complete at exchanges and clearinghouses, southbound trading investor identification regime is scheduled for implementation on 13 January.
Securities / Derivatives
UPDATED – BOJ to Boost ETF Market Liquidity by Lending Holdings
By Editors | 20/12/2019
The ETF lending facility is likely to reduce ETF bid/ask spreads and provide an easy way to short the Japanese market.
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