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Structural Regulation
Sri Lanka Passes New SEC Act to Bolster Capital Market
By Duruthu E Chandrasekera | 09/09/2021
SEC chairman Viraj Dayaratna described the new law as “futuristic”, saying it will help to increase market liquidity and attract foreign investment.
Supervision & Enforcement
BaFin Joins US SEC, DOJ in Probing Collapsed Allianz Funds
By Ranamita Chakraborty | 07/09/2021
Allianz is facing probes from BaFin, SEC and DOJ, as well as 25 investor lawsuits, over last year’s collapse of its Structured Alpha Funds.
Structural Regulation
Thai SEC Proposes to Streamline Bond Issuance Regulations
By Pongnut Thanaboonchai | 07/09/2021
Under the amendments, debt instruments must be issued within 6 months from the date the filing is approved, the SEC said.
Reporting & Disclosures
Philippine SEC to Make Sustainability Reporting Mandatory
By Editors | 06/09/2021
Publicly listed companies will be required to submit sustainability reports separate from their annual reports from 2023.
Fraud, Scams & Cybercrime
US SEC Charges BitConnect for $2bn Cryptocurrency Fraud
By Editors | 06/09/2021
BitConnect promised investors lucrative returns through the use of a proprietary trading bot, but investor funds were siphoned off by the company’s founder and others.
PEPs & Sanctions
OFAC Fines Bank of China UK for Sudan Sanctions Breach
By Editors | 01/09/2021
BOC UK’s internal customer database did not include reference to Sudan in the name or address fields of two customers despite knowledge of their location.
Data Privacy
CSRC Considers Barring Data-Heavy Firms from Listing Overseas
By Sanday Chongo Kabange | 30/08/2021
The CSRC is drafting rules that would prohibit Internet firms holding large amounts of user-related data from listing overseas, targeting firms with VIE structures.
Custody & Infrastructure
Thai SEC Proposes Rules to Protect Custodied Digital Assets
By Pongnut Thanaboonchai | 30/08/2021
The SEC has proposed new additional requirements for digital asset businesses regarding the custody of clients’ assets, both fiat money and cryptocurrency.
Reporting & Disclosures
US SEC, BaFin Probe DWS Over ESG Investment – Reports
By Editors | 30/08/2021
The former global head of sustainability at DWS alleges that the firm overstated how many assets had been screened against ESG criteria.
Trading & Investment
US Treasury ‘Will Not Adjudicate’ on LIBOR Replacement Rates
By Manesh Samtani | 26/08/2021
Nonfinancial corporations were seeking clarity on alternative rates and help to address difficulties obtaining loan agreements based on SOFR.
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