SFC, Competition Commission Agree to Cooperate, Share Information

28/04/2020

The SFC and the Competition Commission can consult each other on issues with significant implications for the other and share information where appropriate.

Enforcement

CSRC Vows Cross-border Cooperation in Luckin Fraud Case

28/04/2020

The CSRC has been communicating with US regulators, looking to deepen cross-border cooperation to combat misconduct and fraud and to protect investors.

Securities / Derivatives

Shenzhen’s ChiNext Moves Closer to Market-based IPO System

28/04/2020

The new registration-based IPO system will simplify the months or years companies typically have to wait before listing their shares.

Securities / Derivatives

Malaysia Extends Short Selling Ban by Two Months

28/04/2020

The short-selling suspension will now last until 30 June 2020, to ensure to manage risks and mitigate any excessive speculative activities.

Market Infrastructure

China: Critical Technology Subject to Cybersecurity Review from 1 June

28/04/2020

The new regulations, jointly released by 12 government agencies, are not intended to restrict or discriminate against foreign products or services, an official said.

AML / KYC

Digital Identification in a Post-COVID World

28/04/2020

Social distancing has put KYC into sharp focus, with regulators reiterating their support for digital onboarding to ensure financial transactions are possible.

Securities / Derivatives

SEBI Defers Margin Framework, Halves Broker Turnover Fees

28/04/2020

In addition, the filing fees on offer documents for public issues, rights issue and share buybacks have been reduced by 50 percent.

Securities / Derivatives

RBI Opens New Liquidity Facility for Mutual Funds

27/04/2020

The move follows Franklin Templeton’s decision to freeze and wind up six of its mutual funds amid intense redemption and liquidity pressures, prompting contagion fears across the sector.

Securities / Derivatives

Bursa Malaysia Issuers to Offer Electronic Options to Shareholders

27/04/2020

Listed issuers will be required to offer shareholders electronic options to subscribe for rights shares, exercise convertible securities and participate in dividend reinvestment schemes.