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Securities / Derivatives
S&P DJI Announces Removal of Chinese Companies from Indices
By Editors | 13/12/2020
The move follows last month’s executive order prohibiting US persons from purchasing securities of companies identified as being owned or controlled by China’s military.
Big Picture
APAC Overtook US in AML Penalties For 2020: Fenergo
By Editors | 10/12/2020
APAC has overtaken the US in terms of the value of enforcement actions for the first time since 2015, largely due to the Goldman and Westpac cases.
Fintech / Regtech
Philippines: UnionBank, StanChart Complete Bond Tokenisation POC
By Editors | 10/12/2020
A dual tranche issuance totalling PHP 9 billion was mirrored on a bond tokenisation platform co-created by UnionBank and SC Ventures.
AML / KYC
Philippine SEC Proposes Stronger Rules on Beneficial Ownership
By Editors | 08/12/2020
The SEC is seeking to require the disclosure of beneficial owners, nominators, principals, and nominee arrangements within 10 days from a company’s registration.
AML / KYC
US Sanctions Another 14 Chinese Officials Over Hong Kong
By Editors | 08/12/2020
A Chinese foreign ministry spokesperson said Beijing would take “firm counter-measures against the malicious actions by the US”.
AML / KYC
US Congress Includes Corporate Transparency in Defence Bill
By Editors | 08/12/2020
The legislation will establish reporting requirements on beneficial ownership information, which could effectively end anonymous shell companies in the US.
AML / KYC
US Designates Four More Companies as Linked to Chinese Military
By Manesh Samtani | 06/12/2020
US investors will be prohibited from buying securities issued by the four companies, which include CNOOC and SMIC, from 1 February 2021.
Market Infrastructure
IBA Consults on Intention to Stop Publishing LIBOR
By Editors | 06/12/2020
IBA intends to continue publishing the overnight and 1, 3, 6 and 12 month USD LIBOR settings until 30 June 2023. All other LIBOR settings would cease by 31 December 2021.
AML / KYC
China Imposes Reciprocal Sanctions Against Four US-Linked Individuals
By Editors | 06/12/2020
Four individuals at US-linked nonprofits are barred from entering China, including Hong Kong and Macau, for having “performed badly” over Hong Kong affairs.
Securities / Derivatives
Bill to Block Chinese Listings on US Markets Passes Congress
By Editors | 03/12/2020
Once the President signs the bill into law, Chinese companies would be blocked from listing in the US if they don’t submit to PCAOB audits.
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