United States

AML / KYC

Philippine SEC Orders Corporations to Declare Beneficial Owners

By Ranamita Chakraborty | 01/03/2021

Corporations in the Philippines have until 31 March to submit an online form declaring their beneficial owners, principals and nominee arrangements.

ESG / Sustainability

Former SEC Chairman Embraces Climate-Related Disclosure

By ESG Investor | 01/03/2021

Jay Clayton had previously defended voluntary ESG disclosures as opposed to mandatory, insisting that flexible requirements would be effective.

Crypto / Digital Assets

Thailand SEC to Enhance Protections for Digital Asset Investors

By Editors | 01/03/2021

The SEC is consulting new qualifications for retail investors in digital assets, and requiring digital asset fund managers and investment advisors to be licensed.

Sanctions

NYSE Announces Decision to Delist Chinese Oil Major CNOOC

By Editors | 01/03/2021

The decision was made in light of Executive Order 13959, which was signed in November, and updated guidance provided by OFAC in January.

Market Infrastructure

DTCC Proposes Move to T+1 in US Markets by Mid-2023

By Editors | 25/02/2021

In a new paper, DTCC outlines plans to modernise post-trade processes and facilitate an industry-wide shift to T+1 settlement in the equities market.

Capital / Liquidity

Philippine SEC Issues Implementing Rules for ‘Bad Bank’ Law

By Editors | 25/02/2021

The implementing rules cover the creation of so-called ‘FIST corporations’, as well as the processes they will use to acquire, transfer and manage non-performing assets.

Capital / Liquidity

DTCC Suggests Move to T+1 Settlement in US Markets

By Manesh Samtani | 24/02/2021

Reducing the settlement cycle to T+1 could reduce the NSCC’s value-at-risk clearing fund charge by 30-40 percent for sample portfolios, DTCC said.

Crypto / Digital Assets

SEC Thailand Considers New Qualifications for Retail Crypto Investors

By Sanday Chongo Kabange | 22/02/2021

The SEC is considering the introduction of screening criteria for retail crypto investors which could include age, trading experience and wealth.

AML / KYC

BIS, SWIFT Invite Firms to Participate in ISO 20022 Hackathon

By Editors | 21/02/2021

Participants will be asked to develop and showcase solutions that improve cross-border payments, using the ISO 20022 standard and APIs.