Markets & Infrastructure

Conduct, Culture & Accountability

UK Regulators Announce Removal of Banker Bonus Cap

By Editors | 25/10/2023

The BOE and FCA have scrapped rules for banks, building societies, and investment firms which cap bonuses at twice annual salary.

Conduct, Culture & Accountability

US SEC Fines BlackRock Unit Over Inaccurate Investment Descriptions

By Editors | 25/10/2023

BlackRock Advisors LLC incorrectly described a company that a fund it advised invested in and the interest rate the investment paid.

Tokenisation

Euroclear Launches DLT-based Digital Securities Issuance Service

By Editors | 25/10/2023

The inaugural Digitally Native Notes were issued by the World Bank on LuxSE, raising €100mn to finance sustainable development activities.

Payments & Settlements

Wolfsberg Group Updates Payment Transparency Standards

By Editors | 25/10/2023

The updated Standards support the use of the LEI in global payments, which GLEIF welcomed as a “strong endorsement”.

Structural Regulation

MAS to Streamline Regulatory Regime for Fund Managers

By Editors | 24/10/2023

The RFMCs regime will be repealed. Existing RFMCs will transition to become Licensed Fund Management Companies instead.

Trading & Investment

SFC Takes Issue With Practices of Fund Distributors

By Manesh Samtani | 24/10/2023

The SFC calls out distributor practices such as offering guaranteed returns, imposing lock-up periods, and lowering dealing frequency.

Trading & Investment

Zhengzhou Exchange Launches Six New Commodity Options

By Editors | 24/10/2023

ZCE started trading options contracts staple fiber, soda ash, apples, manganese silicon, ferrosilicon and urea.

Trading & Investment

RBI Allows Retail Investors to Access FRSBs Through Direct Portal

By Ajoy K Das | 24/10/2023

Until now, floating rate savings bonds were only available to retail investors through select branches of State Bank of India and certain other institutions.

Trading & Investment

CSRC Proposes Measures to Boost Dividend Payouts to Investors

By Editors | 24/10/2023

Listed companies are asked to increase their dividend payout ratios, increase the frequency of dividends, and avoid paying “abnormally high” dividends.