Securities / Derivatives

Enforcement

HK Police Arrest 12 Members of Ramp-And-Dump Syndicate

By Editors | 08/03/2021

The SFC has frozen securities accounts holding an estimated HK$860mn in ramp-and-dump proceeds, while the Police have seized an additional HK$89mn.

Market Infrastructure

HKEX Sets Launch Date for Phase Two VCM Enhancements

By Editors | 08/03/2021

The second phase enhancement will allow multiple triggers of the Volatility Control Mechanism per applicable security in the same trading session.

Securities / Derivatives

SEBI Issues Modified Guidelines for Mutual Fund Schemes

By Sanday Chongo Kabange | 07/03/2021

The cumulative gross exposure limit through equity, debt, derivative positions may not exceed 100% of the net assets of the mutual fund scheme.

Enforcement

Ripple, Top Execs File Responses to SEC Complaint

By Manesh Samtani | 06/03/2021

At meetings with crypto trading platforms as recently as 2019, SEC staff did not indicate it may have considered XRP a security, Ripple says.

AML / KYC

SZSE Amends Bond Repo Rules to Enhance Security, Transparency

By Editors | 06/03/2021

The revised measures will require counterparties to display their identity information. Previously only the counterparty’s code was available for display.

Market Infrastructure

Tokyo Exchange Obtains ESMA Recognition Under BMR

By Editors | 04/03/2021

A total of 192 benchmarks administered by the TSE are listed as in scope, including key benchmarks TOPIX and JPX-Nikkei Index 400, as well as their sub-indices.

Enforcement

Bursa Punishes RHB Representative for Unauthorised Trading

By Editors | 04/03/2021

The former representative committed the breaches for personal financial gain and attempted to conceal his misconduct from RHB Investment Bank’s management.

Enforcement

Taiwan FSC Penalises Brokers for Lax Security Controls

By Editors | 04/03/2021

Cathay Securities, Concord Securities and SinoPac Securities were fined the most and barred from certain business and capital raising activities for three months.

Market Infrastructure

NSE, INX, MCX to Jointly Set Up New GIFT City Bullion Exchange

By Editors | 04/03/2021

NSE, India INX, MCX, NSDL and CDSL have agreed to set up a bullion exchange, clearing corporation and depository at GIFT City.