Markets & Infrastructure

Cryptocurrency

ASIC Sues Crypto Exchange for Margin Trading Product

By Sanday Chongo Kabange | 21/09/2023

ASIC says Bit Trade did not comply with its design and distribution obligations when offering a margin trading product to Australian customers.

Anti-Bribery & Corruption

Australia Proposes Reforms After PwC Tax Leak Scandal

By Sanday Chongo Kabange | 21/09/2023

Australia has commenced consultations on draft legislation to strengthening the integrity of the tax system and increasing the power of regulators.

Trading & Investment

Tokyo Bourse Announces Decision to Extends Trading Hours

By Editors | 21/09/2023

The TSE will extend the closing time from 3pm  to 3.30pm, coinciding with the launch of Arrowhead 4.0 on 5 November 2024.

Trading & Investment

SGX RegCo Proposes Changes to Derivatives Trading Rules

By Manesh Samtani | 21/09/2023

The amendments update the requirements pertaining to customer margining and introduce rules to govern the use of algorithmic trading.

Structural Regulation

US SEC Adopts Amendments to Fund Naming Rules

By Editors | 21/09/2023

The new rules will help ensure that a fund’s portfolio aligns with a fund’s name and help to better protect investors, said SEC chair Gary Gensler.

Clearing & Post-Trade

JSCC Allows MTFs and SEFs to Clear Swaps Without Take-up Process

By Editors | 21/09/2023

Tradeweb said the decision to replace the “time-consuming and redundant” take-up process will enable clients to benefit from fully automated workflows.

Conduct, Culture & Accountability

Sri Lanka SEC Calls on Stockbroking Firms to Improve Governance

By Duruthu E Chandrasekera | 20/09/2023

SEC chairman asked brokerage firms to improve their understanding of compliance requirements and invest more in technology and infrastructure.

Conduct, Culture & Accountability

SEBI Introduces New Process for Investor Grievance Redressal

By Mark Johnston | 20/09/2023

SEBI has introduced a new process to expedite the resolution of investor complaints through its online platform SCORES.

Structural Regulation

Four Jurisdictions “Slow” on Approvals for UBS-Credit Suisse Merger

By Editors | 20/09/2023

Internal UBS document says uncooperative regulators could jeopardise the timeline of the merger as well as other related transactions.