Securities / Derivatives

SEBI Allows Exchanges to Penalise Excessive Algo Orders

29/06/2020

On the third instance of the order-to-trade ratio exceeding 2000, trading members will be restricted from placing any orders for the first 15 minutes on the next trading day.

Capital / Liquidity

KAMCO Starts Buying Overdue Retail Loans from FIs

29/06/2020

Korean lenders may sell non-collateralised delinquent personal debt to KAMCO, which in turn will take over the debt and help debtors restructure.

Enforcement

ABA Temporarily Amends Banking Code in Light of Covid-19

29/06/2020

The changes related to the timelines for customer communication outlined in the Code, and to banks’ obligations when lending to small business customers.

Enforcement

Luckin Coffee Abandons Plans to Appeal Nasdaq Delisting

29/06/2020

A hearing with Nasdaq Hearings Panel was scheduled for Thursday but Luckin withdrew its request a day before.

Securities / Derivatives

SGX RegCo Publishes Best Practices Guide For Singapore Lawyers

29/06/2020

The Guide offers clarity to Singapore lawyers on regulatory submissions on behalf of listed companies, establishing a baseline standard for their conduct.

Enforcement

RBNZ Secures Funding to Boost Supervisory, Enforcement Capability

28/06/2020

The RBNZ will direct the additional funding towards its supervisory and enforcement capability, technology infrastructure and security architecture.

Market Infrastructure

IOSCO Offers Guidance to Promote Deference Between Regulators

28/06/2020

IOSCO offers 11 good practices to help regulators establish and operate efficient deference processes, and mitigate the risk of market fragmentation.

Securities / Derivatives

SEBI Issues Operational Framework for Trading Distressed Debt

28/06/2020

From 1 July, the new operational framework will lift restrictions that have to date prevented trading in debt securities that have defaulted on redemption.

Securities / Derivatives

S. Korea to Impose Capital Gains Tax on All Financial Products

28/06/2020

The new framework will see a 20% capital gains tax imposed on retail investor profits over 20mn won, and 25% on profits over 300mn won.