Securities / Derivatives

Securities / Derivatives

CSRC Asks Brokers to Issue CDS on Private Company Bonds

By Editors | 19/04/2019

The move is aimed at helping private companies to raise funds on the market. CDS products, though new to China, will provide assurances against default.

Enforcement

SFC Fines Hedge Fund Manager for Naked Short Selling

By Editors | 19/04/2019

Nine Masts Capital sold shares in Yuzhou Properties in May 2015 before a share placement was complete, based on verbal confirmation of its allotment.

Securities / Derivatives

TWSE to Monitor ETFs, ETNs for Pricing Discrepancies

By Editors | 19/04/2019

The TWSE will issue public notifications, based on comparisons of ETF and ETN price movements with the values of their underlying securities.

Securities / Derivatives

SSE Publishes Rules for Sponsors of Sci-Tech Board IPOs

By Editors | 18/04/2019

IPO sponsors will be required to hold stakes of 2-5% in the companies they help list on Shanghai’s new science and technology board.

Market Infrastructure

Settlement Workflow Needs to be Fully Automated – DTCC

By Editors | 18/04/2019

Settlement processes are attracting more attention as regulators require shorter and more certain settlement, with potential penalties for noncompliance.

Securities / Derivatives

China Announces Tax Breaks for Investors in CDRs

By Editors | 17/04/2019

Investors will be exempt from tax on profits from trading CDRs for three years, in addition to preferential tax treatment on dividend income.

Securities / Derivatives

Malaysia Consults on Migration to Scripless Securities Market

By Editors | 17/04/2019

Bursa Malaysia has issued new rule amendments to facilitate a move towards paperless record keeping and certificate issuance for the securities market.

ESG / Sustainability

Hong Kong’s SFC Releases Guidance on Green Funds Disclosure

By Editors | 15/04/2019

The SFC has set out its disclosure expectations for fund managers claiming a green or ESG focus in their investment products, in a bid to facilitate informed decision making by investors.

Fintech / Regtech

India Brokers Asked to Report on AI, ML Systems by 15 Apr

By Editors | 13/04/2019

In line with  January circular from SEBI, BSE India has asked stock brokers to submit their cybersecurity compliance reports for the Jan-Mar quarter.