United States

Enforcement

US Regulator Fines Goldman Over Employee Fingerprinting

By Editors | 28/01/2021

FINRA said Goldman failed to maintain a reasonable system to identify and properly screen individuals who became associated with the firm in a non-registered capacity.

Sanctions

US Treasury Defers Investment Ban on Some Chinese Companies

By Editors | 28/01/2021

A general licence delays the application of restrictions on companies with names that closely match those of the blacklisted companies.

AML / KYC

Index Providers to Remove More Chinese Firms from Indexes

By Editors | 26/01/2021

MSCI and FTSE Russell say they will remove five more Chinese companies from their global indexes in the absence of further OFAC guidance.

Securities / Derivatives

Sri Lanka Issues Good Practices Guidelines for Stockbrokers

By Duruthu E Chandrasekera | 26/01/2021

The guidelines are mandatory and require immediate implementation. Three months’ grace is given for a new cap on investment advisor commissions.

Capital / Liquidity

2021 Outlook for BCBS 239 Compliance in Southeast Asia

By Irene Liu | 26/01/2021

PwC’s South East Asia Consulting team discusses progress made to comply with BCBS 239 in Southeast Asian jurisdictions, providing an outlook and recommendations for the year ahead.

Securities / Derivatives

TAIFEX Obtains CFTC Certification for Biotech Index Futures

By Editors | 25/01/2021

Biotech is the third largest sector by trading value in Taiwan’s stock market. TAIFEX TIP Taiwan BIO Futures can now be offered and sold to US persons.

ESG / Sustainability

SGX Launches ESG Futures as Part of Sustainability Agenda

By Editors | 25/01/2021

The launch is part of the SGX FIRST initiative, a multi-pronged expansion of the exchange’s sustainability capabilities announced in December.

Securities / Derivatives

Sri Lanka SEC Approves New IPO Process, Relaxed Listing Rules

By Duruthu E Chandrasekera | 25/01/2021

The SEC has asked the Colombo Stock Exchange to implement a broad programme to educate companies on the simplified processes and encourage them to list.

Market Infrastructure

New York State Budget to Include Provisions to Ease LIBOR Switch

By Editors | 24/01/2021

The state budget plan would reportedly allow legacy LIBOR contracts to use the replacement rate recommended by the Fed Board, the New York Fed, or the ARRC.