United States

Securities / Derivatives

Thailand SEC to Remove Hardcopy Document Requirement for Takeovers

By Sanday Chongo Kabange | 23/11/2020

Under the SEC’s proposal, investors who make a tender offer for all the securities of a business will no longer have to submit hardcopy documents in the tendering process.

Capital / Liquidity

Thailand SEC Revises Net Capital Rules to Bolster Liquidity

By Sanday Chongo Kabange | 22/11/2020

The SEC will allow securities companies to include the value of digital assets when calculating their net capital funds, though a haircut of at least 50 percent will be applied.

ESG / Sustainability

Thailand Proposes Compulsory ESG Training for Capital Market Personnel

By Sanday Chongo Kabange | 19/11/2020

Investment consultants and fund managers, among others, would be required to undergo a mandatory training module covering ESG at licence renewal.

Securities / Derivatives

US SEC to Propose Rules for Chinese Delistings Next Month

By Manesh Samtani | 18/11/2020

SEC officials have been working on the rules since August, when a presidential working group proposed enhanced listing standards to ensure access to Chinese audit work papers.

AML / KYC

Philippine SEC Assesses Risk of Non-Profit Organisation Sector

By Editors | 17/11/2020

Based on the risk assessment, the SEC will implement “the most appropriate mitigation measures” to manage money laundering and terrorist financing risks.

Securities / Derivatives

ASX Suffers Near Full Day Outage Due to ‘Software Issue’

By Editors | 16/11/2020

ASIC said it was focused on ensuring that market integrity is not compromised and that it would monitor for any impacts resulting from Monday’s failure.

Securities / Derivatives

Sri Lanka to Complete Phase 2 Digitalisation of CSE in December

By Duruthu E Chandrasekera | 15/11/2020

Phase 2 will enable digital payments and smart wallets for CDS account holders, among a host of other features that will be made available electronically.

Securities / Derivatives

SEC Thailand to Cut Redundant Regulations, Red Tape by 2022

By Editors | 15/11/2020

The ‘regulatory guillotine’ project will reduce documentary requirements by almost 2 million sheets per year and processing time by about 102,000 hours per year.

Market Infrastructure

US Agencies Urge Banks Forward on LIBOR Transition

By Sanday Chongo Kabange | 15/11/2020

The Fed, OCC and FDIC have asked banks to move away from LIBOR ‘without delay’, accelerate customer outreach, and prepare their systems for the transition.