SECURITIES / DERIVATIVES

Securities / Derivatives

US Move to T+1 Settlement Cycle Declared a Success

By Thisanka Siripala | 17/09/2024

Despite earlier fears, SIFMA, ICI and DTCC said there was no increase in failed trades, operational glitches or FX settlement issues following the transition.

Crypto / Digital Assets

Thai SEC Consults on Measures to Improve Investment Token Ecosystem

By Nithya Subramanian | 17/09/2024

Securities and futures firms will be allowed to carry out business involving cryptocurrency and investment tokens through separate legal entities.

Enforcement

SFC Reaches Compensation Deal for Shareholders of Delisted Firm

By Sanday Chongo Kabange | 17/09/2024

If approved by the court, three former directors who siphoned money from a now-delisted company will pay HK$192mn in compensation to minority shareholders.

Market Infrastructure

Hong Kong, Macao to Establish Bond Market Infrastructure Link

By Sanday Chongo Kabange | 17/09/2024

Investors in Hong Kong and Macao will be able to clear, settle and hold bonds in each other’s markets using their existing home market infrastructure.

Market Infrastructure

Singapore Considers Measures to Better Position Equity Market

By Nithya Subramanian | 17/09/2024

MAS Deputy Chairman Chee Hong Tat, who chairs a review group established in August, outlines three main areas of focus to boost the equity market.

Securities / Derivatives

SRS Funds Processing Goes Live on Singapore’s New Funds Infrastructure

By Manesh Samtani | 17/09/2024

The Fundnode platform aims to reduce settlement times for the Singapore funds industry from T+7 to T+2.

Market Infrastructure

Indonesia Targets 30 September Launch Date for New CCP

By Editors | 17/09/2024

The new central counterparty will carry out clearing and settlement of transactions involving interest rates and foreign exchange rates.

Crypto / Digital Assets

US SEC Fines eToro $1.5m for Not Registering Crypto Services

By Nithya Subramanian | 16/09/2024

As part of the settlement, eToro is required to delist 102 crypto tokens, leaving only Bitcoin, Bitcoin Cash, and Ether available to investors.

Enforcement

China Fines PwC $62m, Suspends Firm for Six Months

By Manesh Samtani | 14/09/2024

PwC’s China unit helped Evergrande’s mainland flagship unit, Hengda Real Estate Group, to overstate its revenue by CNY 564 billion from 2018 to 2020.