SFC issues restriction notices to two brokerages to
freeze accounts of client involved in suspected corporate misconduct
SFC, 14 Aug 2020
The Securities and Futures Commission (SFC) has issued
restriction notices to China Gather Wealth Financial Company Limited (China
Gather Wealth) and Power Securities Company Limited (Power Securities),
prohibiting them from dealing with or processing certain assets held in the
client accounts which are beneficially owned by an individual who is suspected
of committing misconduct and breaching his duties towards a listed company.
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CFTC Unanimously Approves Proposals Amending Margin
Requirements for Swap Dealers and Major Swap Participants
CFTC, 14 Aug 2020
The Commodity Futures Trading Commission today announced it
has voted unanimously to approve two proposals amending certain margin
requirements for swap dealers (SDs) and major swap participants (MSPs). The
Division of Swap Dealer and Intermediary Oversight delivered a staff
presentation on the proposed rulemakings during the Open Meeting held on July
22, 2020. Both proposed rules have a 30-day comment period following
publication in the Federal Register.
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