Category Archives: News

Singapore – MAS Derivative Contract Reporting

On 25 February 2020, SIN MAS amended derivatives contracts reporting rules. Setting out reporting requirements for OTC counterparties for OTC derivatives. Amendments Sections deleted in item 1 of part I of the first schedule to the securities and futures (reporting of derivatives contracts) regulations 2013 (G.N. No. S 668/2013). Deleted “and is entered into before…
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Indonesia – FSA Sharia Mutual Funds

On 21 February 2020, IDN FSA issued rule on sharia mutual fund requirements. Published regulation on issuance and requirements for sharia mutual funds (RDS). Also provides for new product alternatives for investors, amends and replaces old law. Regulation Key Provisions Provided for new types of RDS such as collective investment contracts formed for individual investors,…
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U.S. – SEC Diageo Disclosure Failures

On 19 February 2020, SEC charged Diageo, failing to make required disclosures. Charged global alcohol producer, Diageo, with disclosure failures of known trends relating to shipments of unneeded products by N.American subsidiary to distributors. Violated antifraud provisions of SEA S 17(a)(2), (3), certain reporting provisions. Alleged Violations Employees at Diageo NA (DNA), its largest and…
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