Nasdaq

PEPs & Sanctions

OFAC Extends Chinese Military Company Ban to Subsidiaries

By Editors | 03/01/2021

In a set of FAQs, OFAC has clarified that Executive Order 13959 also applies to subsidiaries, derivatives, ETFs, index funds and mutual funds.

Structural Regulation

NYSE Gets SEC Green Lights to Allow Direct Listings

By Editors | 29/12/2020

Companies will be able to directly sell shares in an auction without a traditional underwriter, enabling investors to participate in new listings more readily.

Fraud, Scams & Cybercrime

US SEC Settles Luckin Coffee Fraud Charges for $180m

By Editors | 17/12/2020

Luckin materially misstated its revenue, expenses, and net operating loss to falsely appear to achieve rapid growth and increased profitability, the SEC said.

PEPs & Sanctions

MSCI, Nasdaq Announce Removal of Chinese Companies from Indices

By Editors | 17/12/2020

MSCI, Nasdaq, S&P Dow Jones Indices and FTSE Russell have now all announced the removal of Chinese companies from their indexes to comply with last month’s executive order.

Sustainable Finance

SGX Launches New Sustainability Platform, Plans New ESG Products

By Manesh Samtani | 16/12/2020

SGX is bringing third-party ESG ratings to Singapore listed companies and will introduce new ESG-focused investment and risk management products.

Market Abuse

NICE Actimize Awarded Best Solution in Market & Trading Surveillance

By Editors | 15/12/2020

NICE Actimize uses artificial intelligence and analytics to spot market abuse, conduct risk and suspicious communications early on, thereby preventing reputational, financial and regulatory risk.

PEPs & Sanctions

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.

Structural Regulation

HKEX Proposes to Raise Profit Requirement for New IPOs

By Manesh Samtani | 30/11/2020

One option HKEX proposes is to raise the profit requirement for companies seeking to list in Hong Kong threefold, reflecting the growth of the Hang Seng Index since 1994.

Trading & Investment

ASX Suffers Near Full Day Outage Due to ‘Software Issue’

By Editors | 16/11/2020

ASIC said it was focused on ensuring that market integrity is not compromised and that it would monitor for any impacts resulting from Monday’s failure.