SECURITIES / DERIVATIVES

    Securities / Derivatives

    BOE Confirms Plans to Remove USD LIBOR Contracts from DCO

    By Editors | 26/08/2022

    The BOE will add SOFR overnight index swaps to the scope of contracts subject to the derivatives clearing obligation and remove USD LIBOR contracts in April 2023.

    Market Infrastructure

    US, China Nears Deal to Resolve Long-running Audit Dispute

    By Editors | 26/08/2022

    The CSRC has informed some accounting firms that US regulators may be visiting Hong Kong in September to inspect the audit records of US-listed Chinese companies.

    ESG / Sustainability

    CSRC Directs Stock Exchanges to Amend Green Bond Rules

    By Editors | 26/08/2022

    The rule changes would require green bond issuers use 100 percent of proceeds on green projects, compared to 70 percent currently.

    Fintech / Regtech

    JPX, AWS Partner to Enhance Capital Market Attractiveness

    By Editors | 25/08/2022

    New initiatives include enhanced infrastructure resilience, the creation of a product development environment, and enhanced collaboration with start-ups.

    AML / KYC

    MAS Issues AML Guidance for External Asset Managers

    By Manesh Samtani | 25/08/2022

    The guidance covers governance, risk assessment frameworks, customer due diligence, enhanced CDD, and suspicious transaction reporting.

    Enforcement

    MAS Fines Noble Group Over Misleading Financial Statements

    By Editors | 25/08/2022

    The S$12.6mn fine is understood to be the largest fine for the publication of misleading financial statements in Singapore’s history.

    Enforcement

    FCA Fines Citi’s UK Unit Over Trade Surveillance Issues

    By Editors | 24/08/2022

    The FCA said Citigroup did not properly implement MAR requirements to monitor orders and trades to detect market abuse.

    Capital / Liquidity

    CFTC Extends No-action Relief for Foreign Nonbank Swap Dealers

    By Editors | 24/08/2022

    Nonbank swap dealers domiciled in Japan, Mexico, the UK and EU can rely on compliance with home country capital and financial reporting requirements until October 2024.

    Market Infrastructure

    India Simplifies Regulatory Framework for Overseas Investment

    By Editors | 24/08/2022

    The regulatory framework for overseas investment has been aligned with the “current business and economic dynamics”.

    ESG / Sustainability

    Malaysia SC Expands SRI Sukuk and Bond Grant Scheme

    By Editors | 24/08/2022

    The grant scheme, designed to help defray external review costs, is being extended to cover SRI-linked sukuk issued under the SC’s new framework.

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