United States

Trading & Investment

US Bourses Explore IPOs from SE Asia Amid Chinese Withdrawal

By Sanday Chongo Kabange | 24/12/2021

Continued regulatory scrutiny from Chinese and US regulators has reportedly compelled US exchanges to explore IPO hopefuls from India, Indonesia, Vietnam and Malaysia.

Market Abuse

US Authorities Criminally Convict NatWest on Spoofing Charges

By Editors | 24/12/2021

NatWest traders engaged in schemes to defraud in connection with spoof orders designed to profit from manipulation of the US Treasury securities and futures markets, the DOJ said.

Structural Regulation

SEC Issues New Disclosure Guidance for US-Listed Chinese Firms

By Sanday Chongo Kabange | 23/12/2021

The guidance focuses on the need for clear and prominent disclosure regarding the use of VIE and SPAC structures, and the associated legal and operational risks.

Trading & Investment

‘SOFR First’ Concludes with Publication of User Guide

By Editors | 21/12/2021

The user guide outlines best practices for transitioning new exchange-traded derivatives activity to SOFR activity in the near term.

Structural Regulation

HKEX Finalises Framework for SPAC Listings in Hong Kong

By Manesh Samtani | 20/12/2021

The new framework takes effect on 1 January. A SPAC’s securities must be distributed to at least 20 institutional professional investors, down from 30 proposed during consultation.

PEPs & Sanctions

US Treasury Imposes Sanctions on Eight Chinese Tech Firms

By Editors | 17/12/2021

Trade restrictions have also been imposed on 34 entities for alleged human rights violations and technology use that ‘undermines US national security’.

Anti-Money Laundering

FinCEN Seeks Comments on Modernising US AML/CFT Regime

By Sanday Chongo Kabange | 15/12/2021

FinCEN’s review of BSA regulations will help it to identify regulations and guidance that are out-dated, redundant, inefficient, or unfit for purpose.

Trading & Investment

SET Allows Derivative Warrants to Use Foreign Stocks

By Editors | 15/12/2021

The first six derivative warrants with foreign underlying stocks were listed on the SET on Wednesday, issued by Macquarie Securities.

Sustainable Finance

Bangko Sentral’s ‘Deliberate Approach’ to Sustainable Finance

By Mark Johnston | 14/12/2021

Deputy governor Chuchi Fonacier explains the BSP’s policy approach to sustainability, highlighting the central bank’s role as an ‘enabler’, ‘mobiliser’ and ‘doer’.