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  • Japan Exchange Group: Pilot Test Of DLT Information Sharing Platform In The Field Of Securities Post-Trade

    Date 06/03/2020

    Japan Exchange Group, Inc. (hereinafter referred to as "JPX".) and Japan Securities Depository Center, Inc. announced today that they will launch pilot testing of a DLT* information sharing platform for securities post-trade information in April this year, under JPX’s "Proof of Concept Testing for Utilization of Blockchain/DLT in Capital Market Infrastructure" program.** NEC Corporation will be the IT support vendor.


  • Dalian Commodity Exchange Deals With 34 Abnormal Transactions In February

    Date 06/03/2020

    To earnestly fulfill the front-line regulation responsibility, regulate futures transactions, and protect the legitimate rights and interests of futures market participants, Dalian Commodity Exchange (DCE) has continued to strictly crack down on all kinds of violations.


  • Shanghai Stock Exchange: Q & A On Implementing Registration-based System For Public Issuance Of Corporate Bonds

    Date 06/03/2020

    The amended “Securities Law of the People's Republic of China” (the "Securities Law" for short) will come into effect starting from March 1, 2020. In order to carry through the work arrangement of the State Council for enforcing the “Securities Law”, the registration-based system for the public issuance of corporate bonds will be put into practice from March 1, 2020, according to the overall arrangements of the China Securities Regulatory Commission (CSRC). The Shanghai Stock Exchange (SSE) today officially issued the "Notice on Business Arrangements of Shanghai Stock Exchange for Implementing Registration-based System for Public Issuance of Corporate Bonds" (No. 13 [2020] of the Shanghai Stock Exchange, hereinafter referred to as the "Notice"). To this end, the relevant SSE official answered the questions about the business arrangements for the implementation of the registration-based system on the corporate bonds.

  • US Department Of Justice: Founder Of Russian Bank Charged With Tax Fraud - Allegedly Concealed $1 Billion In Assets And Income When Renouncing U.S. Citizenship

    Date 05/03/2020

    The founder of a Russian bank was arrested last week in London in connection with an indictment charging him with filing false tax returns, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department’s Tax Division, U.S. Attorney David L. Anderson for the Northern District of California, and Internal Revenue Service (IRS) Criminal Investigation, Special Agent in Charge Kareem Carter.  The Sept. 26, 2019, indictment was unsealed today. 

  • FINRA Arbitration Rule Change: Order Approving A Proposed Rule Change To Amend FINRA Rule 12000 Series To Expand Options Available To Customers If A Firm Or Associated Person Is Or Becomes Inactive

    Date 05/03/2020

    FINRA has received approval to amend the FINRA Code of Arbitration Procedure for Customer Disputes to expand a customer’s options to withdraw an arbitration claim if a member or an associated person becomes inactive before a claim is filed or during a pending arbitration. In addition, the proposed amendments would allow customers to amend pleadings, postpone hearings, request default proceedings and receive a refund of filing fees in these situations.