Daily News Headlines

  • Daily News Headlines – 17 Aug 2020

    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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