Securities / Derivatives

Securities / Derivatives

UPDATED – S. Korea Moving to Paperless Securities in September

By Editors | 19/06/2019

South Korea’s Cabinet has approved an ordinance to introduce an electronic securities system for all listed stocks and bonds from 16 September.

Securities / Derivatives

SFC Warns FX Brokers Against Servicing Mainland Clients

By Editors | 18/06/2019

Licensed corporations and their controlling entities are asked to review the legality of the services they offer, and immediately discontinue “unauthorised or illicit activities”.

Market Infrastructure

CSRC, FCA Officially Launch Shanghai-London Stock Connect

By Editors | 18/06/2019

The Shanghai-London Stock Connect has opened for business, allowing listed companies in Shanghai and London to issue depositary receipts in each other’s markets.

Market Infrastructure

China Capital Markets Reaching Inflection Point: ASIFMA

By Editors | 17/06/2019

New ASIFMA report says China’s capital markets are reaching an inflection point, and provides 103 recommendations to facilitate their further development.

Market Infrastructure

SFTR: An Opportunity to Upgrade, Automate

By Manesh Samtani | 17/06/2019

DTCC’s Val Wotton and Oliver Williams explain the challenges SFTR presents in Asia, and how firms can best prepare in the lead-up to implementation starting in April 2020.

Securities / Derivatives

BNM Issues Draft Rules for Electronic Trading Platforms

By Editors | 17/06/2019

BNM has issued a policy document laying out its expectations of companies providing electronic trading platforms in the FX and money markets.

Securities / Derivatives

India INX Launches Trading Platform for Green Bonds

By Editors | 17/06/2019

BSE-owned India INX has listed the bonds of three Adani-group subsidiaries on its new green bonds platform.

Securities / Derivatives

ICBC US Brokerage Unit Penalised for Unlawful ADR Practices

By Editors | 17/06/2019

ICBC Financial Services LLC will pay over $42m to the US SEC for improper handling of ‘pre-released’ ADRs, and $3m to the DOJ for conspiring to rig bids related to the release of ADRs.

Securities / Derivatives

Shanghai’s New Tech Board to Commence Trading Within 2 Months

By Editors | 15/06/2019

China has held a launch ceremony for Shanghai’s new board, termed the ‘SSE STAR Market’. Trading is expected to commence within 2 months with about 30 companies.