Securities / Derivatives

Securities / Derivatives

SEBI Amends Norms on Mutual Fund Commissions, Disclosures

By Editors | 27/03/2019

SEBI has set a cap on up-fronting of trail commissions and amended disclosure rules to “protect the interests of investors.”

Enforcement

Citigroup Faces $1.2m Fine in Japan over Alleged JGB Manipulation

By Editors | 27/03/2019

Citigroup’s London office allegedly placed large orders in the 10-year JGB futures market outside of Japanese trading hours that were not executed, but may have mislead investors.

Market Infrastructure

CFTC Expands Margin Comparability Determination for Japan

By Editors | 27/03/2019

The amended determination for Japan finds comparability regarding the scope of entities subject to the margin requirements, and the treatment of margining for inter-affiliate transactions.

Securities / Derivatives

Taiwan Launches Simulator for New Continuous Trading System

By Editors | 27/03/2019

The simulation platform will operate off-market hours and allow investors to familiarise themselves with the new system, which is set to be launched in March 2020.

Securities / Derivatives

Bangladesh Looks to Boost Capital Markets with Derivatives, Sukuk Trading

By Editors | 26/03/2019

Bangladesh’s securities regulator is reportedly formulating new rules to facilitate trading of derivatives and sukuk, while it also considers changes to enhance private placement regulations.

Market Infrastructure

Leading Dealers Adopt DTCC-Euroclear Collateral Management Utility

By Editors | 26/03/2019

The Margin Transit Utility provides straight-through-processing and centralised communications and settlement instructions for collateral transfer.

Securities / Derivatives

S. Korea to Reduce Securities Transaction Tax This Year

By Editors | 25/03/2019

The stock trading tax will be cut on the KOSDAQ, KOSPI and KONEX. Capital gains taxes on stock transactions to also be changed.

Securities / Derivatives

JPX-TOCOM Merger Agreement Expected by End-March

By Editors | 22/03/2019

JPX and TOCOM plan to merge this year to create an all-in-one bourse that handles both stocks and commodity futures, but challenges will remain even after a final agreement is reached.

Enforcement

Singapore Court Issues First Jail Sentence for 2013 Penny Stock Crash

By Editors | 22/03/2019

Former Ipco International interim CEO Goh Hin Calm was sentenced to three years imprisonment for his role in the 2013 multi-billion-dollar penny stock crash.