LATEST NEWS

Securities / Derivatives

India: Small Cap Fund Investors Would Face Redemption Delays

By Ajoy K Das | 21/03/2024

Mutual fund stress tests reveal delays of up to 30 days in liquidating a quarter of a small-cap portfolio and up to 17 days in the case of a mid-cap portfolio.

HSBC Wins Taiwan Approval to Serve High-net-worth Clients

By Editors | 21/03/2024

HSBC is the first foreign bank subsidiary in Taiwan to receive the approval to offer wealth management services to high-net-worth clients.

AML / KYC

UK Gov, Banks Disagree on Suspended Accounts Scheme

By Editors | 21/03/2024

The scheme would allow banks to transfer funds that have been suspended due to criminal suspicions to the government to finance its efforts to crack down on financial crime.

Crypto / Digital Assets

Hong Kong: Prototype Created to Issue Electronic Bills of Lading

By Manesh Samtani | 21/03/2024

The eBL prototype, developed by GSBN and Ant Group,  is being used in the HKMA’s wholesale CBDC sandbox project.

Sanctions

OFAC Targets Procurement Networks Used for Iran Weapons Programmes

By Editors | 21/03/2024

The sanctions target 5 individuals and 10 companies they own or use to facilitate procurements for Iran’s nuclear and other military weapons programmes.

Securities / Derivatives

SEBI to Require ‘Audio-Visual’ Disclosures With IPO Offer Documents

By Ajoy K Das | 21/03/2024

Audio-visual representations of disclosures made in IPO offer documents will help investors better understand the features of the offer, SEBI said.

Sanctions

OFAC Issues New Russia Sanctions Over ‘Malign Influence Efforts’

By Editors | 20/03/2024

Two individuals and their companies were sanctioned for creating fake websites designed to impersonate government bodies and media outlets with intent to deceive.

Enforcement

S. Korea Sees First Securities Class Action Related to an IPO

By Editors | 20/03/2024

The class action is against semiconductor company FADU and its underwriters, NH Investment & Securities and Korea Investment & Securities.

BOT to Randomly Inspect Banks to Assess Debt Restructuring Efforts

By Editors | 20/03/2024

The inspections will be used to ensure lenders are offering reasonable and realistic debt solutions to customers, in line with guidelines issued at the start of the year.