Securities / Derivatives

    Securities / Derivatives

    SFC Issues Update on ‘Front Loaded’ Approach to Listing Rules

    By Editors | 22/02/2019

    The SFC “will not hesitate to intervene at an early stage” when it has serious concerns about IPO applications or post-IPO corporate transactions.

    Enforcement

    CSRC Probes Losses at GF Securities Hedge Fund

    By Editors | 21/02/2019

    The CSRC is seeking details about large trading losses at a hedge fund managed by GF Securities’ Hong Kong unit. Citigroup faces up to $180mn in losses on a loan to the fund.

    Enforcement

    Hong Kong Finance Manager Convicted of Insider Dealing

    By Editors | 21/02/2019

    A GEM stock finance manager was in possession of inside information related to unaudited losses and an impending share suspension when he and his father sold their shares in the company.

    Market Infrastructure

    EU, Singapore Agree to Mutually Recognise Derivatives Venues

    By Editors | 21/02/2019

    Singapore and EU-based firms will be able to trade derivatives on approved platforms based in either jurisdiction following proposed equivalence decisions by both regulators.

    Securities / Derivatives

    Daiwa Securities Completes Trade Matching POC Using DLT

    By Editors | 21/02/2019

    Japan’s Daiwa Securities Group has announced the completion of a proof of concept studying the effectiveness of using distributed ledger technology in trade matching processes.

    Securities / Derivatives

    MAS Discusses Supervisory Toolkit for Fund Managers – Speech

    By Manesh Samtani | 19/02/2019

    MAS places emphasis on conduct and individual accountability in its supervisory approach, using data analytics to help identify unusual trends and flag outliers among fund managers.

    Securities / Derivatives

    UPDATED – Taiwan Mulls Introduction of Intraday Odd-lot Trading

    By Editors | 19/02/2019

    Currently, odd-lot trades are only permitted in after-hours trading. The introduction of intraday odd-lot trading will boost daily turnover and give retail investors more choice, the FSC says.

    Market Infrastructure

    CBIRC Drafts New Rules for Local Government AMCs – Report

    By Editors | 19/02/2019

    Many local government-run AMCs have not been focused on dealing with bad loans as intended due to a lack of clarity on their business scope.

    Securities / Derivatives

    CBIRC Green-Lights a Fifth Bank’s Wealth Management Subsidiary

    By Editors | 17/02/2019

    ICBC has become the 5th bank to receive approval to set up a wealth management subsidiary, through which it can channel WMP funds into the stock market.

    Securities / Derivatives

    India Lifts Corporate Bond Investment Cap for FPIs

    By Editors | 17/02/2019

    The 20% cap limiting exposures to a single corporate entity was aimed at incentivising FPIs to maintain a portfolio of assets, but market feedback indicates it has instead had a contraining effect.

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