SEBI said the proposed ASBA-like mechanism for secondary markets is designed to safeguard client assets from broker misuse and defaults.
January 21, 2023The regulations provide clarity on the IT controls custody providers must have in place to mitigate cyber risks in their management of crypto wallets and keys.
January 19, 2023The guidelines strengthen requirements for futures brokers to safeguard client assets, put in place trading controls, and set prudent client limits.
November 28, 2022The SEC amended capital requirements and other rules for crypto firms. The BOT issued draft rules for banks dealing in crypto. Two crypto exchanges were penalised.
July 16, 2022Locally incorporated AIs should ensure their trust subsidiaries comply with the code of practice. Supervisory action may be taken for noncompliance.
November 8, 2021The deferred initiatives relate to new requirements on external data storage, client asset protection, and brokers' systems for maintaining order life cycle data.
April 1, 2020Intermediaries and AIs must sign an acknowledgement letter making clear that assets held in designated client asset accounts are protected from recourse.
July 9, 2019China Merchants Securities has received a second fine this week, this time for using funds from client trust accounts for purposes not allowed under the SFC's Client Money Rules.
May 31, 2019