Securities / Derivatives

Enforcement

US SEC Charges Two Over SPAC Insider Trading Scheme

By Sanday Chongo Kabange | 02/04/2023

The duo used non-public information in advance of at least 7 merger announcements involving SPACs to earn illicit profits of more than $3.4mn.

Enforcement

US Court Dismisses Archegos-related Lawsuit Against Banks

By Editors | 01/04/2023

The judge ruled that Goldman Sachs and Morgan Stanley were not liable to investors for selling stocks they knew Archegos would be forced to sell.

Crypto / Digital Assets

Mirae Asset, SK Telecom to Collaborate on Security Token Business

By Editors | 01/04/2023

Mirae Asset Securities and SK Telecom formed a consortium to collaborate on creating a business ecosystem for security tokens.

Securities / Derivatives

CSRC Chairman Meets With Foreign Financial Institutions

By Editors | 31/03/2023

CSRC chairman Yi Huiman encouraged the heads of several global financial institutions to expand their operations and investments in China.

Market Infrastructure

Rules Proposed to Adopt T+1 in US Muni Bond Market

By Editors | 31/03/2023

US equities and corporate bond markets will move to T+1 on 28 May 2024. The same implementation date is proposed for municipal securities.

Crypto / Digital Assets

IOSCO Issues Final Guidance on Mitigating Risks to Retail Investors

By Manesh Samtani | 31/03/2023

IOSCO offers a comprehensive toolkit of measures for regulators to consider when addressing crypto scams, greenwashing and other forms of retail misconduct.

ESG / Sustainability

Taiwan to Require Listed Companies to Have Female Directors

By Editors | 31/03/2023

The requirement to appoint female directors is part of efforts to improve corporate governance culture among listed companies in Taiwan.

ESG / Sustainability

UK Consults on Regulatory Regime for ESG Ratings

By Editors | 31/03/2023

The consultation proposes to introduce legislation to amend and expand the FCA’s regulatory perimeter to include ESG ratings.

Market Infrastructure

LME Group Unveils Plans to Strengthen Metals Markets

By Editors | 30/03/2023

The LME is making daily price limits permanent, revising its margin methodology, and developing a China-based spot market offering for Class II nickel products.