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Securities / Derivatives
Sri Lanka: CSE to Allow Fundraising in Foreign Currencies
By Duruthu E Chandrasekera | 18/09/2021
Sri Lankan companies will be allowed to raise debt and equity in foreign currency on the Colombo Stock Exchange. A new benchmark index is also being launched.
Enforcement
Philippine Lawmaker Introduces Bill to Tackle Rising Cybercrime
By Ranamita Chakraborty | 17/09/2021
The bill requires banks and non-bank FIs to “exhaust all means to ensure that victims are able to recover their monetary loss, if any”.
Securities / Derivatives
SEC Thailand Targets 2021 Launch for New SME Board
By Pongnut Thanaboonchai | 16/09/2021
Only investors with experience and knowledge of investment products and a high level of assets can invest in primary and secondary markets for SMEs.
Fintech / Regtech
DTCC to Launch DLT-Based Settlement Platform in Q1 2022
By Editors | 15/09/2021
Project Ion will create an alternative clearance and settlement option for US equity markets that leverages distributed ledger technology.
Enforcement
PCAOB Fines KPMG Australia Over Training-related Misconduct
By Editors | 15/09/2021
Cheating in online training tests was found to be widespread within the audit practice. KPMG Australia sanctioned 1,131 individuals.
Securities / Derivatives
Thailand, Singapore to Introduce Depository Receipt Linkage
By Manesh Samtani | 15/09/2021
Through the new linkage, Singapore and Thailand listed companies will be able to issue depository receipts in each other’s markets.
Securities / Derivatives
SEC Committee Endorses Stricter Enforcement of SPAC Rules
By Editors | 13/09/2021
The investor advisory committee recommended increased enforcement of existing disclosure rules for SPACs, including in relation to the sponsor’s role.
Big Picture
Exchanges Can Help Minimise Broker-Dealer Operational Risk
By Manesh Samtani | 13/09/2021
A paper by Citadel Securities, NYSE, Nasdaq, MIAX, MEMX, and BOX says exchanges can provide an additional layer of protection on top of broker-dealers’ own risk controls.
Securities / Derivatives
Thai SEC Eases Red Taps for Foreign Issuers Seeking IPO
By Pongnut Thanaboonchai | 12/09/2021
The change will reduce the burden of raising funds for foreign companies and help boost the competitiveness of Thai capital markets, the SEC said.
AML / KYC
Philippine SEC Disseminates Guidance on Targeted Financial Sanctions
By Editors | 12/09/2021
The guidance now covers targeted financial sanctions related to terrorism, terrorism financing, and proliferation financing, including remedies and relevant UNSC links.
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