Securities / Derivatives

Market Infrastructure

UPDATED – India Securities Regulator Mulls Changes to Algorithmic Trading Framework

By Garima Chitkara | 18/03/2018

SEBI is considering imposing a congestion charge for high volume trading to address concerns on unfair market access to India’s exchange trading systems.

Market Infrastructure

Malaysia Establishes Working Group to Digitise Brokerage Industry

By Garima Chitkara | 18/03/2018

The BRIDGe working group will work to enhance operational efficiencies and service standards, promote innovation and reduce brokerage costs.

Securities / Derivatives

Shanghai, Shenzhen Bourses Draft Compulsory Delisting Rules

By Editors | 16/03/2018

False, misleading or fraudulent listing, restructuring documents or other disclosures including annual reports will trigger the delisting mechanism.

AML / KYC

SEBI Issues Clarifications on New Foreign Investor Norms

By Garima Chitkara | 15/03/2018

Foreign Portfolio Investors should not be Indian residents, non-resident Indians or overseas citizens of India; must be from AML/CTF compliant jurisdictions.

Enforcement

MAS, CAD to Jointly Investigate All Capital Markets, Financial Advisory Offences

By Editors | 14/03/2018

MAS and CAD will consolidation investigative resources and expertise for all capital market and financial advisory offences, effective 17 March.

Market Infrastructure

SGX to Merge OTC, Exchange Derivatives into Single Risk Class for Clearing Fund

By Samuel Riding | 14/03/2018

Move follows MAS consultation on moving all OTC derivatives contracts onto organised markets.

Crypto / Digital Assets

Thailand to Legalise Cryptocurrency by Royal Decree

By Manesh Samtani | 14/03/2018

Cryptocurrencies will be classified as assets and regulated by SEC; capital gains from trading to be taxed at 10 percent.

Market Infrastructure

China Issues Consultation on Foreign Control of Securities Firms

By Samuel Riding | 12/03/2018

Foreign financial institutions would be able to own 51% of a mainland securities firm, with all ownership restrictions to be removed in three years’ time.

AML / KYC

SEBI Concerned About Money Laundering via PE, VC

By Garima Chitkara | 11/03/2018

Indian regulator says looser investment rules could encourage ‘round-tripping’ of funds by domestic investors, concerned about source of funds.