Securities / Derivatives

    Securities / Derivatives

    China Tightens Rules on Offshore Operations of Brokerages, Funds

    By Garima Chitkara | 01/10/2018

    Brokerages and fund houses should ensure a “concise and transparent” network of overseas subsidiaries and ensure foreign units focus on the core business and not conduct any non-financial business.

    Enforcement

    RBI Consults On Market Abuse Prevention Rules

    By Garima Chitkara | 01/10/2018

    The draft guidelines will ban price manipulation in any financial instrument or benchmark rate and require market participants to put in place internal policies to monitor for market abuse.

    Capital / Liquidity

    China Seeks to Boost Interbank Bond Issuances by Foreign Institutions

    By Editors | 27/09/2018

    PBOC and MOF have issued guidelines clarifying the requirements for foreign governments and institutions issuing interbank bonds in China.

    Securities / Derivatives

    FTSE Russell Index to Include China, MSCI Considers Increased Weighting

    By Manesh Samtani | 27/09/2018

    FTSE Russell to include China A-shares in global and emerging market benchmarks in three tranches; MSCI consults on increasing China weighting over two years.

    Securities / Derivatives

    US SEC Cautions Against Governance Risks from Dual Class Shares – Report

    By Manesh Samtani | 26/09/2018

    SEC commissioner Robert Jackson Jr reportedly urged Singapore and Hong Kong to maintain close oversight over companies with dual class share structures to mitigate against corporate governance risks.

    Enforcement

    CFTC Imposes Fine on Mizuho Bank in Spoofing Case

    By Editors | 25/09/2018

    A trader placed multiple large orders on CME and CBOT futures contracts from Mizuho’s Singapore office with no intention of executing them.

    Securities / Derivatives

    China Allows Direct Stock Investment with WMP Funds

    By Garima Chitkara | 24/09/2018

    The move is aimed at increasing investment into Chinese equities even as regulators take steps to reduce the risk posed by such products to bank balance sheets.

    ESG / Sustainability

    Hong Kong Lays Out Road Map for Green Finance Development

    By Garima Chitkara | 24/09/2018

    The SFC will require better environmental and climate risk disclosures by listed companies and asset managers, and will work with HKEX to promote green financial products.

    Securities / Derivatives

    SGX Proposes New “Trade at Close” Session for Securities Market

    By Editors | 24/09/2018

    New five-minute trading session will allow participants to execute fixed-price orders at the closing auction price; consultation open until 11 October.

    Securities / Derivatives

    India’s NSE Signs MoU with London Stock Exchange

    By Editors | 23/09/2018

    The agreement seeks to create a dual listing mechanism for masala and foreign-currency bonds issued by Indian companies.

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