Market Abuse

Japan SESC Probing MUFG Employee for Insider Trading

10/07/2024

The employee is suspected of divulging nonpublic information to a family member who profited from trading based on the information.

Credit Risk

JSDA Seeks to Add Protection Clauses to Corporate Bonds

10/07/2024

JSDA will reportedly encourage the use of change of control clauses and reporting covenants in corporate bonds with lower ratings.

Structural Regulation

CSRC Proposes Reporting Requirements for Private Funds

10/07/2024

The rules clarify the obligations of private fund managers to disclose information to investors and regulators when major risks are discovered.

Market Abuse

Korea Approves New Disclosure Rule for Insider Transactions

10/07/2024

Listed companies will be required to disclose insider transactions 30 days prior to their planned transaction dates, starting from 24 July.

PEPs & Sanctions

Switzerland Expands Sanctions Against Russia

10/07/2024

The targets align with the EU’s 14th package, but measures targeting the energy, financial and goods sectors are still being examined.

Anti-Money Laundering

Singapore to Develop Standards for SoW Checks by Banks

10/07/2024

MAS has reportedly formed a group that will work to develop standards for account opening and source of wealth checks by year-end.

Trading & Investment

GFEX Unveils Plans to Introduce Platinum, Palladium Futures

10/07/2024

Guangzhou Futures Exchange’s new contracts will provide mechanisms for price discovery and hedging for platinum and palladium.

Operational Risk

BCBS Consults on Principles for Managing Third-Party Risk

10/07/2024

The BCBS offers 12 high-level principles on the effective management and supervision of risks arising from third-party arrangements.

Clearing & Post-Trade

Japan, Canadian Regulators Sign MoC on CCP Supervision

10/07/2024

The MoC will enhance cooperation in the supervision of cross-border clearing agencies operating as CCPs in Ontario and Japan.