Securities / Derivatives

Securities / Derivatives

Korea Unveils Details on New English Disclosure Requirements

By Mark Johnston | 20/12/2023

South Korea’s FSC unveiled details on its phased approach to mandatory English disclosures for listed companies in Korea.

Big Picture

FSB Reports Decline in Shadow Banking Assets

By Nithya Subramanian | 20/12/2023

The NBFI sector recorded a 2.9 per cent fall in financial assets in the sector, attributed to higher interest rates.

Enforcement

SFC Fines Brokerage for Breaching Financial Resources Rules

By Mark Johnston | 19/12/2023

Central Wealth Securities Investment made various accounting and calculation errors in its financial returns and had a liquid capital deficit for eight months.

Crypto / Digital Assets

IOSCO Finalises Policy Recommendations for DeFi

By Manesh Samtani | 19/12/2023

The policy recommendations for DeFi are intended to be complementary to and interoperable with IOSCO’s policy recommendations for crypto and digital assets markets.

AML / KYC

SEBI Simplifies Rules for Obtaining ‘Accredited Investor’ Status

By Ajoy K Das | 19/12/2023

Certain documentary requirements are removed, certification will be granted based solely on KYC and financial information, and the validity period is lengthened.

Securities / Derivatives

CFTC Approves Rule to Allow UPI Use in Swaps Reporting

By Sanday Chongo Kabange | 19/12/2023

The use of the UPI in the reporting of OTC derivatives in the US will start on 29 January 2024.

Securities / Derivatives

JPX Prepares for New NISA Launch in 2024

By Mark Johnston | 19/12/2023

JPX will support the launch of the expanded NISA by making it easier to make small investments that qualify for tax exemptions under the programme.

Enforcement

Appellate Court Sets Aside SEBI Penalties Against NSE, Officials

By Ajoy K Das | 19/12/2023

The penalties were imposed in June 2022 over the alleged exploitation of NSE’s internet infrastructure by brokers for faster connectivity.

Enforcement

Korea FSS Identifies Misconduct by Nine Securities Firms

By Editors | 19/12/2023

The securities firms and up to 30 managers were involved in selling investment assets amongst themselves to shift losses between customer accounts.