United States

Structural Regulation

SEBI Lists Permissible Jurisdictions for Depository Receipts Issuance

By Editors | 02/12/2019

Indian companies will be allowed to issue depository receipts on exchanges in the US, Japan, Korea, the UK, France, Germany, Canada, and India’s own international financial centre known as Gift City.

Conduct, Culture & Accountability

CFTC Fines Goldman $1mn for Three Weeks of Missing Phone Records

By Editors | 28/11/2019

Goldman’s phone recording hardware failed in January 2014 an went undetected for three weeks, thereby impeding an unrelated CFTC investigation.

Clearing & Post-Trade

Thailand to Launches DLT Pilot Trading Corporate Bonds

By Editors | 26/11/2019

The DLT project was first announced in September, and will first test trading with bonds before expanding to equities, derivatives and investment funds.

Fraud, Scams & Cybercrime

Philippine SEC Orders Takeover of Brokerage Following Stock Theft

By Editors | 19/11/2019

A settlement clerk siphoned client securities into a private account and sold them over eight years, leaving a $13.8 million hole in R&L Investments’ books.

PEPs & Sanctions

Dow Jones Wins Best Solution in Regulatory Intelligence

By Editors | 14/11/2019

Dow Jones Risk & Compliance has been awarded Best Solution in Regulatory Intelligence.

Payments & Settlements

SET Launches Interbank Payment System for Securities Transactions

By Editors | 13/11/2019

The new system will provide greater convenience for investors, alleviate intermediaries’ cash management burden, and mitigate payment risks in the banking system.

Payments & Settlements

Thailand Eases Capital Controls to Stem Currency’s Rise

By Editors | 08/11/2019

Investors are allowed to invest up to $200,000 in foreign securities without going through a Thai intermediary, and restrictions on outward fund transfers have been eased.

Cloud & Infrastructure

SFC Issues Guidance on Outsourcing of Data Storage

By Editors | 01/11/2019

Licensed corporations must ensure cyber and operational risks are properly mitigated and that the SFC’s access to regulatory records is not restricted or otherwise undermined.

Anti-Money Laundering

US Agrees to $700mn Settlement with 1MDB Financier Jho Low

By Manesh Samtani | 31/10/2019

The proposed settlement would resolve civil forfeiture cases tied to Low, but does not release him from other criminal charges. Low gets to keep $15mn to pay his lawyers.