SECURITIES / DERIVATIVES

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    Securities / Derivatives

    SEBI to Scale Back Launch of Optional T+0 Settlement Cycle

    By Ajoy K Das | 18/03/2024

    SEBI said the “beta version” of the optional T+0 settlement system has been approved by its board, but only for a “limited set of 25 scrips” and “with a limited set of brokers”.

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    Securities / Derivatives

    SEBI Exempts Certain FPIs from Additional Disclosure Requirements

    By Ajoy K Das | 16/03/2024

    SEBI also approved two other proposals, one to relax the timelines for disclosures of material changes, and the other to allow FPIs to reactivate an expired registration.

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    Securities / Derivatives

    India: Five PSBs Required to Dilute Government Stake by August

    By Ajoy K Das | 15/03/2024

    Out of 12 public sector banks, five have not yet complied with India’s minimum public float requirements, which is required by August 2024.

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    Market Infrastructure

    Hong Kong Considers Scaling Back Severe Weather Trading Plans

    By Sanday Chongo Kabange | 15/03/2024

    Hong Kong is reportedly considering whether to still keep local markets closed during the most severe weather events to help smaller firms continue operations.

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    Enforcement

    US Regulators Announce $350m Penalty for JPMorgan

    By Editors | 15/03/2024

    The action, taken to address trade surveillance deficiencies, requires the bank to seek regulatory approval to onboard any new trading venue.

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    Market Infrastructure

    ASX Consults on Two-Stage Approach for CHESS Delivery

    By Sanday Chongo Kabange | 15/03/2024

    ASX is targeting Q1 2026 for implementation of the first stage of the new CHESS system, and 2028 or 2029 for the second stage.

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    Securities / Derivatives

    SEBI Flags Manipulation, Bubble Risks in SME Segment

    By Ajoy K Das | 15/03/2024

    SEBI is working to introduce more disclosures for SME listings and seeking stress test results from fund managers in the segment.

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    Enforcement

    OFAC Penalises Swiss Bank for Apparent Sanctions Violations

    By Editors | 15/03/2024

    OFAC said EFG International caused US firms to process 873 securities-related transactions on behalf of sanctioned individuals.

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    Securities / Derivatives

    New Regulatory Framework for Index Providers Takes Effect in India

    By Ajoy K Das | 14/03/2024

    Index providers that administer significant indices consisting of India-listed securities for use in the Indian market have six months to register.

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    Securities / Derivatives

    SEBI to Require More Stock Brokers to Meet Enhanced Obligations

    By Ajoy K Das | 14/03/2024

    SEBI is expanding the ‘Qualified Stock Brokers’ framework introduced last year to capture more brokers under “enhanced obligations”.

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