Securities / Derivatives

SEBI Eases Fundraising Rules for Stressed Listed Companies

27/06/2020

SEBI has relaxed pricing rules for preferential issues to make it easier for listed companies to raise new funds. Similar relaxations for stressed companies were also announced.

Securities / Derivatives

Cambodia Takes Steps to Develop Commodity Futures Market

27/06/2020

A feasibility study on commodity futures trading is being conducted by the securities regulator and Chinese conglomerate Ruifeng Tianfu Investment.

Securities / Derivatives

FSC Korea Revises Liquid Asset Requirements for Repo Borrowers

27/06/2020

The liquid asset holding requirements for repo market borrowers such as hedge funds will gradually increase in three stages from July until April 2021.

Market Infrastructure

CPMI-IOSCO Describes Work Needed to Improve CCP Auctions

27/06/2020

CPMI and IOSCO have asked CCPs to address a number of issues related to default management auctions within 24 months.

Fintech / Regtech

RBI Issues Guidelines on Use of Digital Lending Platforms

26/06/2020

Digital lending platforms often do not disclose the name of the bank or NBFC providing the loaned funds. Under the new rules they will have to.

Enforcement

CSRC Imposes Record Penalty in Insider Trading Case

26/06/2020

A Shanghai entrepreneur and his daughter were penalised a total 3.6bn yuan, representing a record fine and confiscation of illegal gains.

Fintech / Regtech

Ping An OneConnect Bank to Pilot Virtual Banking Services

26/06/2020

Ping An OneConnect Bank is inviting 200 SMEs and 2,000 retail customers to pilot test its virtual banking services in the HKMA’s sandbox.

Fintech / Regtech

IOSCO Drafts Guidance on Supervising AI/ML in Financial Markets

25/06/2020

IOSCO proposes six measures to assist members in creating appropriate regulatory frameworks to supervise market intermediaries and asset managers that use AI and ML.

Enforcement

S. Korean Prosecutors Raid Fund Operator on Fraud Allegations

25/06/2020

Accused of fabricating depository statements, Optimus Asset Management has suspended withdrawals from six feeder funds since last week, locking up 90bn won in investor money.