Securities / Derivatives

Securities / Derivatives

Respondents ‘Broadly Supportive’ of New RMBS Framework: RBNZ

By Editors | 16/08/2019

The RBNZ says submissions to its November consultation were broadly supportive of the proposed new standard for mortgage bonds – the RMO framework.

Enforcement

SFC Fines Sincere Securities for Internal Control Failings

By Editors | 16/08/2019

The SFC and an independent reviewer identified deficiencies across 14 areas of Sincere Securities’ business operations and internal controls, resulting in a fine of HK$5mn.

Securities / Derivatives

Shanghai to Allow Multinational Firm Employees to Trade A-Shares

By Editors | 15/08/2019

The initiative is aimed at encouraging more multinational companies to set up their regional headquarters in Shanghai, which seeks status as a global financial centre.

Market Infrastructure

APRA Consults on Adjusted Schedule for Initial Margin Rules

By Editors | 15/08/2019

APRA is consulting on changes to the implementation schedule for initial margin requirements in Australia, in line with the one-year phased extension granted by BCBS and IOSCO last month.

Securities / Derivatives

Bursa Malaysia Revamps Rules for Derivatives Market Participants

By Editors | 15/08/2019

The updated rules allow non-face-to-face onboarding, remove voice logging for client orders, and introduce higher governance standards, among others.

Market Infrastructure

Myanmar to Set Up Alternative Market for Unlisted Companies

By Editors | 14/08/2019

The so-called ‘Myanmar Public Companies Board’ will serve as a stepping stone for domestic companies to list on the YSX, which still lists only 5 companies.

Enforcement

FSS Korea to Probe Major Banks for Mis-sold Financial Products

By Editors | 14/08/2019

Woori, KEB Hana and Shinhan are subject to the FSS investigation for selling high-risk private equity investment products and derivative-linked securities.

Securities / Derivatives

Korea Eases Criteria for Professional Investor Registration

By Editors | 14/08/2019

The move is expected to increase the pool of professional investors from under 2000 to over 370,000. A new trading venue for unlisted equity securities is also planned.

Securities / Derivatives

Koscom to Develop New Platform for Trading Unlisted Securities

By Editors | 13/08/2019

The project, approved under the FSC’s sandbox programme, will also involve KEB Hana Bank, Hana Financial Investment and Amicus Lex, among others.