Securities / Derivatives

Fintech / Regtech

SEBI Floats Discussion Paper on Sandbox for Regulated Entities

By Editors | 30/05/2019

Under the proposed framework, entities regulated by SEBI will be granted certain facilities and flexibilities to experiment with innovative solutions in a live environment and on real customers.

Securities / Derivatives

China Clarifies Treatment of CDR Proceeds for Foreign Issuers

By Editors | 30/05/2019

New rules from the PBOC and SAFE give freedom to CDR issuers to elect whether to keep the proceeds in China or send them abroad.

Capital / Liquidity

Bangladesh Imposes Limits on Bank Exposures to Non-Listed Securities

By Editors | 30/05/2019

The move comes just after the central bank allowed banks to exclude investments in non-listed securities from their capital market exposure calculations.

Securities / Derivatives

Thailand Looks to Ease Listing Rules for SMEs

By Editors | 30/05/2019

Revising the listing rules will be a key agenda item at a 1 June meeting between the SEC and SET, as the current rules may be too restrictive for SMEs.

Securities / Derivatives

SEBI Issues Disclosure Guidelines for Listed Debt Securities

By Editors | 29/05/2019

SEBI requires debenture trustees to continuously disclose the status of interest and redemption payments, meaning that any default or delay of payment will be disclosed within a day of the due date.

Market Infrastructure

ISDA Proposes Further Definition Changes to Improve CDS Market

By Editors | 29/05/2019

The new proposal will amend the definition of “Outstanding Principal Balance”, which determines the principal amount of a bond or loan that must be delivered to physically settle a CDS contract.

Securities / Derivatives

HKEX Launches First 2x Inverse ETF

By Editors | 29/05/2019

In its three year strategic plan unveiled earlier this year, HKEX said it would work to become a hub for the issuance and trading of ETFs in Asia.

Securities / Derivatives

India Opens Voluntary Retention Route for FPIs

By Editors | 28/05/2019

The revised VRR scheme is open for allotment as of 27 May, allowing FPIs to invest in government securities and corporate debt up to an aggregate limit of $7.8bn.

Enforcement

SFC Fines China Merchants Securities for IPO Sponsor Failures

By Editors | 28/05/2019

China Merchants Securities was a joint sponsor with UBS – fined in March – for the 2009 IPO of China Metal Recycling, which was found to have fabricated financial information.