Securities / Derivatives

HSI Operator to Allow Dual Class Shares as Index Constituents

19/05/2020

WVR and secondary-listed companies from the Mainland will be eligible for including in the HSI and HSCEI. H-share companies with unlisted share capital will also be eligible.

Securities / Derivatives

FSC Korea to Rein in Excessive Investment in Risky ETFs, ETNs

19/05/2020

The FSC will impose a new minimum deposit requirement on retail investors investing in ETFs and ETNs, and require them undergo mandatory investor education, among other measures.

Securities / Derivatives

India to Allow Private Companies to List on Foreign Exchanges

19/05/2020

Private companies will be able to list in ‘permissible jurisdictions’ – likely to include the US, China, Japan, South Korea, the UK, Hong Kong, France, Germany, Canada and Switzerland.

Securities / Derivatives

European Regulators Lift Covid-19 Short Selling Bans

19/05/2020

In consultation with ESMA, Austria, Belgium, France, Greece, Spain and Italy have decided to lift short-selling bans that have been in place since mid-March.

Market Infrastructure

DTCC Explores Further Digitalisation in Public & Private Markets

19/05/2020

Project Ion seeks to further optimise the settlement process in public markets. Project Whitney explores the use of asset tokenisation and digital infrastructure to support private markets.

Securities / Derivatives

China Urges Domestic Firms to List in London – Report

19/05/2020

The push for a resumption of listings under the Shanghai-London Stock Connect is in part aimed at improving China’s ties with the outside world.

AML / KYC

Companies Not Protecting Against Third Party Risk: Refinitiv

18/05/2020

43% of third parties do not receive due diligence checks, and 62% of respondents do not know the extent to which third parties are outsourcing work.

AML / KYC

SFC Reprimands, Fines Southwest Securities for AML/CFT Failures

18/05/2020

The brokerage failed to implement adequate and effective policies and procedures to mitigate AML/CFT risks associated with third party deposits.

Securities / Derivatives

Taiwan, Malaysia to Cooperate on Derivatives Market Development

18/05/2020

The two exchanges will share information and best practices relating to product development, market operations, and other areas of common interest.