SECURITIES / DERIVATIVES

Market Infrastructure

NZX Consults on BCP, Disaster Recovery Plan Requirements

By Sanday Chongo Kabange | 30/04/2025

NXZ and NZX Clearing are consulting on requirements for market participants when developing BCPs and disaster recovery arrangements.

ESG / Sustainability

SEBI Updates Requirements for ESG Rating Providers

By Nithya Subramanian | 30/04/2025

A new circular introduces flexibility in ESG rating withdrawals, streamlines disclosure requirements, and offers relief to newer ESG rating providers.

Securities / Derivatives

SFC Set to Formally Adopt Fast Track Authorisation Process for Funds

By Sanday Chongo Kabange | 29/04/2025

The SFC will formally adopt FASTrack from 5 May following “smooth” implementation and “positive feedback” from applicants during the 6-month pilot.

Market Infrastructure

SEBI Tightens Timelines for Collection of Margins

By Nithya Subramanian | 29/04/2025

The new rules shorten the collection timeline for non-upfront margins to better align with the T+1 settlement cycle effective since January 2023.

Securities / Derivatives

SET to Extend Trading Hours for American and European DRs

By Nithya Subramanian | 29/04/2025

Investors will be able to trade depositary receipts during both day and night sessions. DRx instruments will be merged with their corresponding DRs.

Securities / Derivatives

ASX Set to Review Shareholder Approval Rules for M&A

By Sanday Chongo Kabange | 29/04/2025

ASX will review its listing rules on shareholder approvals for listed company mergers, focusing on reverse takeovers.

Enforcement

SFC Fines Interactive Brokers Over Expired Standing Authority

By Sanday Chongo Kabange | 29/04/2025

Interactive Brokers loaned out client securities without first renewing the standing authority in place for securities borrowing and lending.

AML / KYC

BSEC Seeks ACC Action Against Moshihor Securities Over Fraud

By Nithya Subramanian | 29/04/2025

Moshihor Securities sent clients fake email reports and intercepted trade confirmation messages to embezzle USD 13.3 million.

Market Infrastructure

HKEX Prepares to Implement Minimum Spreads Reduction Plan

By Sanday Chongo Kabange | 28/04/2025

HKEX has directed exchange participants to join an optional end-to-end to verify system changes needed to implement phase 1 minimum spreads reduction.