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 […]
On 25 February 2020, Rulefinder reported temporary short selling bans in two countries effective immediately and extensions to existing bans in effect.
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, […]
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 […]
On 18 February 2020, EU ESMA updated FAQs re MIFID II investor protection. ESMA updated FAQs document regarding investor protection under MIFID II rules. Follows December 2019, updated FAQs on investor protection in MiFID II. Overview New FAQs provide clarification on sales of subordinated eligible liabilities, assessment of suitability, if art 44a BRRD 2 should […]
On 17 February 2020, POR CMVM issued regulation on fund management. Regulation 1/2020 on information to POR CMVM for purposes of prudential supervision. Follows POR CMVM January 2020 circular on accounting for fund managers. Overview As per transfer, from POR CB to POR CMVM, of powers of prudential supervision over management companies of collective investment undertakings and […]