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Enforcement
SEC Fines Goldman for Submitting Inaccurate Securities Trading Data
By Sanday Chongo Kabange | 24/09/2023
Goldman Sachs has agreed to USD 6 million for submitting deficient submissions that included missing or inaccurate trade data for at least 163 million transactions.

ESG / Sustainability
Japan to Launch First Exchange-based Carbon Market Next Month
By Manesh Samtani | 24/09/2023
The new carbon credit market will allow trading in J-Credits, which are certified by the government and have already been circulating in Japan since 2013.

Market Infrastructure
OCBC Joins LCH SwapClear and HKEX’s OTC Clear
By Sanday Chongo Kabange | 24/09/2023
Direct clearing membership with LCH SwapClear and OTC Clear will help lower costs and enable better hedging tools for investors.

Securities / Derivatives
China Pilots More Flexible Panda Bond Issuance Mechanism
By Editors | 24/09/2023
The programme will improve the efficiency of cross-border investment and financing on China’s interbank bond market, NAFMII said.

Securities / Derivatives
Malaysia SC Outlines Ongoing Initiatives to Boost Capital Market
By Editors | 23/09/2023
The measures include a lower stamp duty, the introduction of fractional share trading, and a faster IPO process.

Securities / Derivatives
CSRC Plans Reforms to Drive Better Dividend Payouts by Listed Companies
By Editors | 22/09/2023
Companies that don’t pay dividends will be required to justify these decisions, and restrictions on stock sales may be imposed on their controlling shareholders.

Securities / Derivatives
China Considers Looser Restrictions on Foreign Ownership in Listed Companies
By Editors | 22/09/2023
China currently caps total foreign ownership in local listed companies at 30%, and subjects a single foreign shareholder to a 10% limit.

Crypto / Digital Assets
Thai Digital Assets Exchange Set to Launch First Investment Token
By Editors | 22/09/2023
The investment token is backed by three Bangkok luxury condominium projects. The ICO raised about THB 2.4 billion (USD 67 million).

Enforcement
Korea Strengthens Measures for Combatting Unfair Trading
By Mark Johnston | 22/09/2023
The FSC and FSS plan to freeze accounts suspected of unfair trading, and increase the increase rewards for reporting unfair trading.

Enforcement
ASIC Fines Interactive Brokers Over Client’s Suspicious Trading
By Sanday Chongo Kabange | 21/09/2023
ASIC said the firm was ‘negligent’ in its failure to identify suspicious trading by a client and ‘reckless’ in continuing to allow further suspicious trading after ASIC raised concerns.
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