News Centre

SET Market Report For January 2024

Date 07/02/2024

The International Monetary Fund (IMF) has upgraded Thailand’s economic outlook this year to 4.4 percent from 3.6 percent earlier forecast, underpinned by the growing domestic demand and private consumption propelled by the government’s fiscal stimulus. As the global inflation is cooling faster than expected, the Federal Open Market Committee (FOMC)  has kept its short-term interest unchanged at 5.25-5.50 percent until higher confidence that inflation will be eased to 2 percent in a sustainable manner.  

Hong Kong Securities And Futures Commission Warns Public Of Suspicious Crypto-Related Product “Hong Kong International Financial Centre Token”

Date 07/02/2024

The Securities and Futures Commission (SFC) today warns the public of suspicious investment products involving “Hong Kong International Financial Centre Token” (IFCT) and its associated projects and arrangements (Product).

SEC Charges China-Based Tech Company Cloopen Group With Accounting Fraud - Commission Declines To Impose Civil Penalties Because Of Company’s Self-Reporting, Cooperation And Remediation

Date 06/02/2024

The Securities and Exchange Commission today announced settled accounting fraud charges against Cloopen Group Holding Limited, a China-based provider of cloud communications products and services whose American depositary shares formerly traded on the New York Stock Exchange. The SEC determined not to impose civil penalties against Cloopen because the company self-reported its accounting issues, cooperated extensively with the staff’s investigation, and undertook prompt remedial measures.

Dealer, No Dealer?[1] : Statement On Further Definition Of “As A Part Of A Regular Business” In The Definition Of Dealer And Government Securities Dealer In Connection With Certain Liquidity Providers, SEC Commissioner Hester M. Peirce, Feb. 6, 2024

Date 06/02/2024

Thank you, Mr. Chair. I cannot support the final rule. Even though streamlined substantially,[2] it perpetuates the proposal’s fundamental flaw. The rule defines dealer in a way that is inconsistent with the statutory framework within which it sits and will distort market behavior and degrade market quality.

Modernizing Dealer Oversight, SEC Commissioner Jaime Lizárraga, Feb. 6, 2024

Date 06/02/2024

While markets and financial regulators will always face the uncertainty of unanticipated shocks, strengthened market resiliency can help reduce the harmful impact from these shocks. It can provide greater protection – and confidence – to investors, capital markets, and the financial system.

Statement On Adopting Changes To The Definition Of Dealer And Government Securities Dealer, SEC Commissioner Caroline A. Crenshaw, Feb. 6, 2024

Date 06/02/2024

The Securities Exchange Act of 1934 (“Exchange Act”) provides the SEC with broad authority over the securities industry, including the power to register, regulate, and oversee participants in the securities markets.

SIFMA, SIFMA AMG Statement On Introduction Of Legislation To Address The SEC’s PDA Rule

Date 06/02/2024

SIFMA and SIFMA AMG today issued the following statement from Executive Vice President of Advocacy Josh Wilsusen regarding the introduction of the Protecting Innovation in Investment Act.

“SIFMA strongly believes that the SEC should withdraw this proposal, which would be a radical departure from decades of federal securities law and completely upend today’s well-functioning regulatory regimes that ensure investors’ interests are protected through Regulation Best Interest and the Investment Advisers Act’s fiduciary duty, among other requirements. ”

Statement On Further Definition Of “As A Part Of A Regular Business” In The Definition Of Dealer, SEC Commissioner Mark T. Uyeda, Feb. 6, 2024

Date 06/02/2024

Thank you, Chair Gensler. Thank you to the staff for your presentation.

The EBA Releases Technical Package For Its 3.4 Reporting Framework

Date 06/02/2024

The European Banking Authority (EBA) today published a technical package for version 3.4 of its reporting framework. This package provides the standard specifications that include the validation rules, the Data Point Model (DPM) and the XBRL taxonomies to support the amendments to the reporting and disclosure technical standards on minimum requirement for own funds and eligible liabilities and total loss absorbing capacity (MREL/TLAC), as well as some minor corrections to the technical package on the interest rate risk in the banking book (IRRBB). The DPM Query Tool has also been updated to reflect the current release.  

SEC Adopts Rules To Include Certain Significant Market Participants As “Dealers” Or “Government Securities Dealers”

Date 06/02/2024

The Securities and Exchange Commission today adopted two rules that require market participants who engage in certain dealer roles, in particular those who take on significant liquidity-providing roles in the markets, to register with the SEC, become members of a self-regulatory organization (SRO), and comply with federal securities laws and regulatory obligations.