SECURITIES / DERIVATIVES

Enforcement

FCA Issues First Fine for Reporting Failures Under UK MiFIR

By Thisanka Siripala | 03/02/2025

Infinox was found to have relied on a single individual to manually identify reportable financial instruments without adequate checks or scrutiny.

Securities / Derivatives

HSBC to Wind Down Investment Banking Operations in Europe, US

By Nithya Subramanian | 02/02/2025

The bank said in an internal memo that it will retain more focused M&A and equity capital markets capabilities in Asia and the Middle East

Securities / Derivatives

FMSB Publishes Standard for Sharing Standard Settlement Instructions

By Manesh Samtani | 02/02/2025

The Standard aims to address operational risks caused by incorrect or missing SSIs, one of the biggest causes of settlement fails.

Market Infrastructure

UK Confirms 11 October 2027 Target Date for Adoption of T+1

By Nithya Subramanian | 02/02/2025

Andrew Douglas, Chairman of the UK Accelerated Settlement Taskforce, said the UK, EU and Switzerland are now aiming for the same implementation date

Market Infrastructure

KSD and Kuwait Clearing Company Sign MoU to Enhance Cooperation

By Mark Johnston | 02/02/2025

The MoU was signed to strengthen collaboration on improving securities settlement systems and enhancing infrastructure.

Securities / Derivatives

UK FCA Proposes to Ease Rules on Corporate Bond Issuance

By Thisanka Siripala | 01/02/2025

FCA to simplify disclosure requirements for bonds with smaller denominations and introduce regulations for public offer platforms.

Securities / Derivatives

Korea to Tighten Rules on Selling High-Risk Financial Products

By Mark Johnston | 31/01/2025

Banks will only be allowed to sell products like equity-linked securities from special counters at certain designated branches.

Market Infrastructure

SEBI Launches Portal to Streamline Reporting of Technical Glitches

By Nithya Subramanian | 31/01/2025

iSPOT provides stock exchanges, clearing corporations and depositories with a centralised system to report technical disruptions

Securities / Derivatives

HKMA Will Monitor Banks’ Asset Management Activities

By Editors | 31/01/2025

HKMA called attention to an SFC circular which described the misconduct of asset managers as “egregious” and lacking in integrity