Structural Regulation

Structural Regulation

ASIC Issues First Stop Order on Superannuation Product

By Sanday Chongo Kabange | 04/06/2023

The interim stop orders were made against Spaceship Super and three managed funds promoted by Spaceship Capital due to deficient TMDs.

Structural Regulation

HKMA Issues Public List of Bank-Owned Trust Businesses

By Sanday Chongo Kabange | 02/06/2023

All entities on the list have provided the HKMA an annual declaration on their compliance with a new code of conduct for bank-related trust businesses.

Conduct, Culture & Accountability

FINRA Fines Vanguard for Misleading Account Statements

By Mark Johnston | 02/06/2023

Vanguard had errors in about 8.5 million customer statements and failed to address customer reports of the errors in a timely manner.

Structural Regulation

Credit Suisse Halts Plans to Set Up Bank in China – Report

By Sanday Chongo Kabange | 02/06/2023

Credit Suisse had been preparing for years to set up a wholly owned local bank in China.

Structural Regulation

LME Consults on Reforms to Boost Confidence in Metals Market

By Editors | 31/05/2023

The proposed reforms include expanded reporting on stored metal, permanent measures to address low stock levels, and revised closing price methodologies.

Payments & Settlements

China to Boost Yuan Settlement in Africa Trade

By Editors | 31/05/2023

A new centre set up in Yiwu, Zhejiang Province, will expand the use of the yuan settlement in cross-border trade with Africa.

Structural Regulation

SEBI Proposes Tighter Rules for Granting QIB Status to AIFs

By Mark Johnston | 31/05/2023

SEBI said many AIFs have only one or two investors but have been obtaining benefits as ‘Qualified Institutional Buyers’.

Structural Regulation

ASIC Postpones Deadline for Financial Adviser Registration

By Ranamita Chakraborty | 31/05/2023

The new October deadline will allow parliament to consider improvements to the registration process already proposed in legislation, ASIC said.

Trading & Investment

SGX Lists First Thai Stocks as Depository Receipts

By Manesh Samtani | 31/05/2023

The first three SDRs were issued by Phillip Securities, representing beneficial ownership interest in the underlying securities of three SET50 companies.