Securities / Derivatives

Enforcement

CFTC Penalises Mirae Asset Daewoo on Spoofing Charges

By Editors | 15/01/2020

Mirae Asset will pay $700,000 to settle charges against Daewoo Securities, which it acquired in April 2016 — after the spoofing conduct at issue occurred.

Securities / Derivatives

SET Scraps Lunch Break for Trading Cross Border Products

By Editors | 14/01/2020

The move is aimed at increasing the overlap time for trading between the Thai and ASEAN stock exchanges.

Securities / Derivatives

Japan FSA Issues New Guidance on Asset Manager Registration

By Editors | 14/01/2020

The guidebook is aimed at facilitating the smooth entry of asset management and other financial instruments businesses into Japan’s capital markets.

Enforcement

SFC Lifts UBS Underwriting Suspension Two Months Early

By Editors | 14/01/2020

The SFC is satisfied that UBS has adequate and effective systems, controls, policies and procedures to enable compliance with all requirements in relation to its sponsor business.

Securities / Derivatives

ASIC to Audit Broker Sales of Listed Investment Funds

By Editors | 14/01/2020

ASIC is reviewing whether sales commissions paid by fund managers to brokers or financial advisers to sell funds compromise the best interests of investors.

Enforcement

FSS Korea Probes Fraud Involving Small-cap Stocks

By Editors | 14/01/2020

A group of investors is suspected of taking control of small firms, only to then release news designed to inflate share prices or raise more capital to enrich themselves.

Fintech / Regtech

Legal Certainty Needed to Advance DLT Adoption in Derivatives

By Editors | 14/01/2020

ISDA, Clifford Chance, R3 and the Singapore Academy of Law have published a new whitepaper analysing the legal issues relating to the use of smart derivatives contracts on a distributed ledger.

Securities / Derivatives

Indian Stock Exchanges Introduce Cross Margining Facilities

By Editors | 13/01/2020

NSE launched the cross-margining facility from Friday (10 January), whereas BSE India will introduce it from Wednesday (15 January).

Securities / Derivatives

HKEX Asks Participants to Prepare Systems for Investor Compensation Levy

By Editors | 13/01/2020

While the collection of the investor compensation levy is currently suspended, exchange participants should take necessary actions to prepare for its calculation and payment.