Markets & Infrastructure

Conduct, Culture & Accountability

ASIC to Hold Directors Accountable for Unethical Lending

By Sanday Chongo Kabange | 10/02/2024

Deputy Chair Sarah Court said ASIC will not hesitate to step in to protect vulnerable Australians from unethical lending practices.

Conduct, Culture & Accountability

HKEX to Accelerate Changes to Executive Leadership

By Editors | 10/02/2024

Current CEO will step down earlier than planned. Co-COO Bonnie Chan will start as CEO on 1 March 2024 instead of 24 May 2024.

Market Abuse

CSRC Punishes 63 Employees of China Merchant Securities

By Editors | 10/02/2024

The CSRC warned of increased on-site inspections and a coming crackdown on illegal stock speculation and “irresponsible behavior” by securities practitioners.

Cryptocurrency

Australian Court Rules Yield-earning Crypto Product Illegal

By Editors | 09/02/2024

The Federal Court ruled that Block Earner was offering unlicensed financial services through its “Earner” product.

Market Data & Technology

US SEC Approves Post-trade Transparency Rule for Treasury Market

By Editors | 09/02/2024

Post-trade transparency in the Treasury markets will for the first time be on a trade-by-trade basis, rather than aggregated.

Market Abuse

Goldman Agrees to Penalties for Trade Surveillance Failures

By Editors | 09/02/2024

Goldman did not include some of the securities it traded in surveillance reports between February 2009 and mid-April 2023.

Structural Regulation

ASIC Offers Limited Relief for Unfair Contract Terms Regime

By Sanday Chongo Kabange | 09/02/2024

ASIC granted no-action relief to address concerns that the regime could apply to sophisticated participants, who are not the intended targets of the regime.

Trading & Investment

India: AMNI Agrees to Extend Trading Hours for Index Futures

By Ajoy K Das | 09/02/2024

The Brokers’ Industry Standards Forum will submit a letter to SEBI recommending that the extended trading hours be implemented.

Market Abuse

Social Media Posts May Breach Market Abuse Rules: ESMA

By Mark Johnston | 09/02/2024

ESMA has warned social media users that they might be breaching the EU’s Market Abuse Regulation by posting investment recommendations online.