Securities / Derivatives

India’s Large Corporates Mandated to Issue Bonds for Financing

27/11/2018

SEBI’s new framework requires large corporates to raise at least 25% of their financing through debt securities issuances, to reduce reliance on bank funding and boost the bond market.

Enforcement

Tokyo Bourse to Probe Nissan over Former Chairman’s Alleged Misconduct

27/11/2018

The Tokyo Stock Exchange will examine Nissan’s internal controls and consider punitive penalties including possible delisting, amid allegations of financial misconduct by its former chairman.

Securities / Derivatives

Malaysia to Allow Diversified Range of ETF Products

27/11/2018

New guidelines seek to boost retail investor participation in the ETF market by facilitating greater product innovation and allowing for the issuance of a more diversified range of ETFs.

Market Infrastructure

Indonesia Moves to T+2 Stock Settlement

27/11/2018

Indonesia becomes the second Southeast Asian country to implement T+2 settlement, in a move that is expected to improve liquidity, reduce settlement risk and boost foreign participation.

Securities / Derivatives

China Issues Tax Clarification for Foreign Institutional Bond Investors

26/11/2018

From 7 November 2018 until 6 December 2021, foreign institutions are exempt from income and value-added taxes on interest earned from bond investments in China.

Market Infrastructure

MAS Grants First Private Securities Exchange Licence to CapBridge

23/11/2018

The regulatory approval allows CapBridge to operate a private securities exchange, called ‘1exchange’, where investors can buy and sell securities issued by private companies.

Fintech / Regtech

Thailand to Broadly Revamp Regulations for Financial Institutions

23/11/2018

New regulations will make it easier for financial institutions to lend to SMEs and adopt new technologies, while also reducing burdensome approval processes.

Securities / Derivatives

Chinese Exchanges Prescribe 10-Day Limit for Stock Suspensions

22/11/2018

The Shanghai and Shenzhen stock exchange have issued new rules limiting the duration of stock suspensions to 10 trading days.

Big Picture

Securities Sector Vulnerable to Cyber Threat – Report

22/11/2018

The securities market is particularly vulnerable to cyber threats due to the large number of participants and infrastructures and the complex interactions involved.