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Markets & Infrastructure
Structural Regulation
Hong Kong LegCo Passes New National Security Law
By Editors | 20/03/2024
Lawmakers say the law was necessary to protect Hong Kong’s status as an international hub. Critics express concern that it could be used to erode civil liberties.
Conduct, Culture & Accountability
CFTC Fines US Bank, Oppenheimer for Record Keeping Failures
By Editors | 20/03/2024
US Bank was fined $6mn and Oppenheimer $1mn. Last month, the SEC also announced fines against Oppenheimer and a US Bank affiliate in a related case.
Alternative Markets
SEBI Approves Proposal to Allow AIFs to Pledge Equity Shares
By Ajoy K Das | 20/03/2024
SEBI also approved a proposal to require AIFs to carry out specific due diligence of their investors and investments, to enhance trust in the AIF system.
Payments & Settlements
US Move to T+1 Settlement Poses Systemic Risk to Europe
By Mark Johnston | 20/03/2024
EFAMA says in a policy paper that the US move to a T+1 settlement cycle could dmea European fund managers would be unable to meet CLS cut-off times.
Trading & Investment
HKEX: Self-Match Prevention Service for Securities Set for Launch
By Sanday Chongo Kabange | 20/03/2024
From 2 April, HKEX’s new SMP service for the securities market will open for applications by exchange participants.
Structural Regulation
SEBI Approves Rule Changes to Lower Burden on Listed Companies
By Ajoy K Das | 20/03/2024
Companies will no longer have to maintain a 1% security deposit for public or rights issues of equity shares. They will also have more time to fill KMP vacancies.
Data Privacy
ECB, EBA Form Joint Committee to Streamline Bank Reporting
By Mark Johnston | 19/03/2024
The committee will create a common data dictionary, which will standardise concepts and definitions across new and existing reports.
Structural Regulation
Japan FSA Sends Bill to Parliament to Boost Capital Market
By Editors | 19/03/2024
The bill will enable asset managers to outsource middle and back office operations and facilitate the development of a market for unlisted securities.
Trading & Investment
Bursa Malaysia Launches New Soybean Oil Futures Contract
By Ranamita Chakraborty | 19/03/2024
Bursa Malaysia is the first exchange outside of China licensed to use commodity futures settlement prices from the Dalian Commodity Exchange.
AI Risk & Governance
US SEC Fines Two Investment Advisers for AI Washing
By Editors | 19/03/2024
“Investment advisers should not mislead the public by saying they are using an AI model when they are not,” said the SEC’s Gary Gensler.
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