United States

    Securities / Derivatives

    Regulators, Lawmakers Express Concerns Over GameStop Trading

    By Manesh Samtani | 01/02/2021

    Regulators from the US to the UK and Malaysia have issued statements expressing concerns over the heightened volatility seen in the US market over the past week.

    Crypto / Digital Assets

    Ripple Files Response to US SEC Defending XRP as Virtual Currency

    By Editors | 31/01/2021

    The response notes that the DOJ, FinCEN and regulators in the UK, Singapore and Japan have all concluded that XRP is a virtual currency not subject to securities regulation.

    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.

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