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Enforcement
New Zealand FMA Warns of Action Against Poor Conduct
By Editors | 25/09/2020
There are no excuses for conduct that presents the risk of harm to investors, customers and the integrity of the markets, says FMA chief Rob Everett.
Securities / Derivatives
Sumitomo Mitsui Under Fire for Miscounting Shareholder Votes
By Editors | 25/09/2020
Sumitomo Mitsui confirmed that 1,139 shareholder voting forms were not counted even though they were delivered in time.
Market Infrastructure
European Commission Grants 18 Months Equivalence to UK CCPs
By Editors | 25/09/2020
The European Commission says the decision will give financial market participants time to reduce their “excessive” exposures to UK-based CCPs.
Capital / Liquidity
India Establishes Netting Certainty for Bilateral OTC Derivatives
By Manesh Samtani | 24/09/2020
Parliament passed a bill providing legal basis for bilateral netting of OTC derivatives contracts which are not centrally cleared.
Securities / Derivatives
US Launches Three New Exchanges, Including MEMX
By Sanday Chongo Kabange | 24/09/2020
Long-Term Stock Exchange (LTSE) launched on 17 September; Members Exchange (MEMX) on 21 September; MIAX Pearl will launch on 25 September.
Securities / Derivatives
Sri Lanka SEC to Procure New Surveillance System
By Duruthu E Chandrasekera | 24/09/2020
The SEC is planning to hire a consultant to assess its existing surveillance system and make recommendations on procuring a new system.
Market Infrastructure
FCA Consults on Regulatory Approach for International Firms
By Editors | 24/09/2020
The FCA is seeking views on its approach to authorising international firms that wish to provide financial services in the UK post-Brexit.
Market Infrastructure
FSDC Calls For HK-listed Derivatives Tracking A-Shares
By Manesh Samtani | 24/09/2020
Once the new A-share based derivatives products are launched in Hong Kong, they should be opened up to Mainland investors via Stock Connect.
Securities / Derivatives
FMA Blocks CLSA Premium NZ From Offering Derivatives
By Editors | 24/09/2020
The licence conditions will remain in place until CLSA Premium NZ lodges its audit and assurance reports for 2019.
Securities / Derivatives
ASIC Issues Report on Debt Capital Raising Conflicts of Interest
By Editors | 24/09/2020
ASIC’s report, in alignment with a report from IOSCO, offers better practices to manage conflicts of interest and conduct risks in debt capital market transactions.
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