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Securities / Derivatives
SEBI Tweaks Process for Allocating OFS Shares to Employees
By Ajoy K Das | 14/06/2024
SEBI said employees will still be required to place bids on T+1, but such bids must be placed at the previous day’s cut-off price.
Crypto / Digital Assets
UPDATED – ASX to List First Bitcoin ETF, Joining Cboe Australia
By Editors | 14/06/2024
APAC CEO Arian Neiron said VanEck recognised bitcoin as an emerging asset class that “many advisers and investors want to access”.
Securities / Derivatives
HKEX Lists First Specialist Tech Firm Under Chapter 18C Regime
By Manesh Samtani | 14/06/2024
HKEX established the Chapter 18C listing regime last year to support fundraising by innovative technology firms.
Market Infrastructure
Hong Kong, Shenzhen Forms Financial Cooperation Committee
By Sanday Chongo Kabange | 14/06/2024
The committee will seek to foster deeper financial cooperation between Hong Kong and Shenzhen financial markets.
Fintech / Regtech
SZSE to Help HKEX Develop Integrated Fund Platform
By Sanday Chongo Kabange | 14/06/2024
HKEX’s Integrated Fund Platform will enable market participants to more effectively distribute fund products to clients.
Securities / Derivatives
FSC Korea Outlines Roadmap for Resuming Short Selling
By Manesh Samtani | 14/06/2024
The FSC formally extended the short-selling ban until 30 March 2025 and announced reform measures to prevent naked short-selling.
Securities / Derivatives
Sri Lanka Completes Transition to Shorter Settlement Cycle
By Editors | 13/06/2024
The CSE described the transition from T+3 to T+2 for equity trades as “seamless” and a “significant milestone”.
Enforcement
ASIC Issues First Stop Order Targeting Crowdfunding Campaign
By Sanday Chongo Kabange | 13/06/2024
ASIC issued an interim stop order against a crowd-sourced funding campaign because of its use of a nominee arrangement.
Securities / Derivatives
China Considers Tighter Fund Selling Rules for Banks
By Editors | 13/06/2024
The NFRA is considering revisions that would block banks from selling private fund products, including hedge funds.
Fintech / Regtech
Benefits of Tokenisation Are “Overexaggerated”: WFE Paper
By Nithya Subramanian | 13/06/2024
The WFE says tokenisation work should continue, but that some of the benefits claimed are “overexaggerated”.
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