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Securities / Derivatives
Market Infrastructure
ASX CHESS Replacement Project Under Continued Scrutiny
By Sanday Chongo Kabange | 28/06/2023
ASIC chair Joe Longo said ASX had an “engagement problem” and that officials were working to boost oversight of the CHESS replacement project.
Big Picture
China Pension Market Growth Depends on Regulation Reforms – Report
By Manesh Samtani | 28/06/2023
ASIFMA and KPMG said in a joint report that China’s pension system reforms will create new opportunities for global asset managers.
Market Infrastructure
SEBI to Introduce ‘UPI Block Facility’ for Equity Trading
By Editors | 26/06/2023
The facility allows investors to use blocked funds in their bank accounts for trading, instead of transferring them to the stock broker upfront.
Securities / Derivatives
IOSCO Seeks Feedback on Goodwill to Improve Accounting Standards
By Ranamita Chakraborty | 26/06/2023
Feedback received will play a crucial role in shaping IOSCO’s recommendations for regulators, auditors, issuers, and those responsible for governance.
ESG / Sustainability
ICMA Issues Updates to Guidelines and Principles
By Ranamita Chakraborty | 26/06/2023
The ICMA’s climate transition finance handbook and sustainability-linked bond principles were updated, along with the release of additional guidance.
Securities / Derivatives
SET to Revamp Listing Rules and Enhance Supervision of Issuers
By Mark Johnston | 25/06/2023
The SET and MAI requirements will be more closely aligned, and the rules on delistings and backdoor listings will be tightened.
Enforcement
Japan FSA Takes Administrative Action Against Two Banks
By Editors | 24/06/2023
The banks sold risky structured bonds to clients without checking their investment experience and explaining the risks.
Enforcement
ASIC Penalises Morrison Securities for Mishandled Client Orders
By Sanday Chongo Kabange | 24/06/2023
Inadequate controls led to orders being erroneously directed to Chi-X rather than ASX, resulting in market integrity rule breaches.
Market Infrastructure
CFTC to Propose Rule on Operational and Cyber Resilience
By Editors | 23/06/2023
CFTC commissioner sees a need for the industry to shift “from incident response to cyber resilience”. New rule will be proposed in the next few months.
ESG / Sustainability
CFTC Calls on Public to Report Carbon Market Misconduct
By Ranamita Chakraborty | 23/06/2023
The CFTC says whistleblowers can receive awards for reporting fraud, manipulation, “ghost” carbon credits, and double counting in carbon markets.
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