Securities / Derivatives

Cambodia, Indonesia Signs Derivatives Cooperation Pact

20/06/2018

CDX has signed a cooperation agreement with JFX to boost derivatives trading in Cambodia; securities regulator set to issue more derivatives trading licences.

Market Infrastructure

China Proposes Communist Party Unit at Listed Firms

18/06/2018

The CSRC has proposed establishing a ‘CCP Unit’ at firms already listed and those looking to list on Chinese stock exchanges, for the purpose of carrying out Party activities.

Securities / Derivatives

India Eases Rules For FPI Investment In Corporate Bonds

18/06/2018

RBI has loosened some restrictions on residual maturity and concentration limits on corporate bond holdings by foreign investors in a bid to boost demand and support the rupee.

Enforcement

Australia Begins ‘Poor Advice’ Civil Proceedings Against Westpac

18/06/2018

ASIC has begun civil proceedings against Westpac for failing to take necessary steps to ensure fair and efficient financial advice by Sudhir Sinha, a former financial advisor responsible for the breaches.

Enforcement

CSRC Warns New Economy Firms Against IPO Over-Pricing

18/06/2018

CSRC has singled out five new economy firms whose share prices had “wild swings” or dropped significantly below their highs or offer prices soon after listing.

Uncategorised

Rules Relaxed for Chinese Investment in Taiwan-Listed Foreign Firms

14/06/2018

Regulator does away with rules requiring Chinese investors to apply for QDII license to invest in foreign firms listed in Taiwan; foreign firms can also solicit Chinese investment through private placements, rights issues or stake transfer.

Securities / Derivatives

China Cracks Down On Zero-Fee Bond Underwriting

14/06/2018

The CSRC and the Securities Association of China reportedly sent a notice to brokers asking them to stop underwriting bond deals for free, a common practice in the country to maintain relationships with key clients and underwriting standings.

Capital / Liquidity

Taiwan To Ease M&A Rules For Financial Holding Companies

14/06/2018

New rules lower the threshold for initiating a tender offer from 25 percent to 10 percent; new rules to only apply to private-sector firms.

Enforcement

FS-ISAC Establishes Global Forum for Cyber Threat Information Sharing

14/06/2018

Inaugural global community CERES Forum to bring together financial regulators, central banks and supervisors to combat cyber and physical crime, enhancing financial sector resiliency.