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SGX-ST Listings Disciplinary Committee Reprimands Tee International Limited And former Group CEO And Managing Director Phua Boon Kin Eric

Date 18/01/2024

1. The SGX-ST Listings Disciplinary Committee (“LDC”) reprimands Tee International Limited (the “Company” and together with its subsidiaries, the “Group”) and its former Group CEO and Managing Director Phua Boon Kin Eric (“Phua”) for breaching the following Mainboard Rules:

Hong Kong Securities And Futures Commission And Police Warn Public Of Aramex And DIFX For Suspected Virtual Asset-Related Frauds

Date 18/01/2024

The Securities and Futures Commission (SFC) and the Police today warned the public of suspected frauds involving two entities purporting to be virtual asset trading platforms (VATPs). They operate under the names of “Aramex” and “DIFX”.

ASIC Urges AFS Licensees To Register Their Financial Advisers And Provides A Short Extension To Facilitate Compliance

Date 18/01/2024

KEY POINTS:

• ASIC records show that a significant number of financial advisers (known as relevant providers) are still not registered, despite a requirement to be registered commencing on 1 February 2024.
• ASIC has extended the due date for registration by two weeks and confirms 16 February 2024 as the final date for the commencement of the registration requirement.
• AFS licensees that have not already registered their Relevant Providers are urged to do so as a priority via ASIC Connect.
• Advisers who provide personal advice to retail clients without being registered after 16 February, together with their authorising AFS licensee(s), will be in breach of the law and face potential regulatory action.

Nasdaq December 2023 Volumes And 4Q23 Statistics

Date 17/01/2024

Nasdaq (Nasdaq: NDAQ) today reported monthly volumes for December 2023, as well as quarterly volumes, estimated revenue capture, number of listings, and index statistics for the quarter ended December 31, 2023 on its investor relations website. A data sheet showing this information can be found at: http://ir.nasdaq.com/financials/volume-statistics.

CFTC Commissioner Johnson To Deliver Prepared Remarks And Participate In Panel Discussion At the Institute For Law And Finance’s 12th Conference On The Future Of The Financial Sector

Date 17/01/2024

ISDA Launches Sustainability-Linked Derivatives Clause Library

Date 17/01/2024

ISDA has launched a clause library for sustainability-linked derivatives (SLDs), designed to provide standardized drafting options for market participants to use when negotiating SLD transactions with counterparties.

US Federal Agencies Extend Resolution Plan Submission Deadline For Some Large Financial Institutions

Date 17/01/2024

The Federal Reserve Board and the Federal Deposit Insurance Corporation on Wednesday announced that they are extending the resolution plan submission deadline for certain large financial institutions. These companies will be required to submit their resolution plans by March 31, 2025, instead of July 1, 2024.

Rebate Tiering And Competitive Pricing Of Different Market Centers: By Kelvin To, Founder And President Of Data Boiler Technologies

Date 17/01/2024

The SEC proposal on Volume-Based Exchange Transaction Pricing for NMS Stocks is a well-intended policy that comes too far behind market developments. We at Data Boiler do support curbing price discrimination practices, although we despise regulatory price control in general. Here, however, our analysis shows the Have-Nots will be hurt more than the Haves. LACK OF STANDARDS across different market centers’ rebate and incentive systems is at the CORE of all issues.

Opening Remarks, Federal Reserve Vice Chair For Supervision Michael S. Barr, At The Conference On Measuring Cyber Risk In The Financial Services Sector, Boston, Massachusetts

Date 17/01/2024

Thank you for the opportunity to welcome you to day two of the second annual Conference on Measuring Cyber Risk in the Financial Services Sector.1 I'd like to thank the staff who organized this gathering from the Massachusetts Institute of Technology, the Federal Reserve Bank of Richmond, and the Federal Reserve Board.

The Path Forward For Bank Capital Reform, Federal Reserve Governor Michelle W. Bowman, At Protect Main Street Sponsored By The Center For Capital Markets At The U.S. Chamber Of Commerce, Washington, D.C. (Virtual)

Date 17/01/2024

"More is better." This axiom often holds true in many respects, but experience also teaches us that there are limits. Today, I'm happy to join you here at the U.S. Chamber of Commerce to talk about proposed changes to bank capital rules in the United States and to probe the limits of the notion that "more is better" when regulators seek to apply it to bank capital requirements.