SECURITIES / DERIVATIVES

Securities / Derivatives

SEBI Approves Proposal to Allow AIFs to Pledge Equity Shares

By Ajoy K Das | 20/03/2024

SEBI also approved a proposal to require AIFs to carry out specific due diligence of their investors and investments, to enhance trust in the AIF system.

Big Picture

US Move to T+1 Settlement Poses Systemic Risk to Europe

By Mark Johnston | 20/03/2024

EFAMA says in a policy paper that the US move to a T+1 settlement cycle could dmea European fund managers would be unable to meet CLS cut-off times.

Securities / Derivatives

HKEX: Self-Match Prevention Service for Securities Set for Launch

By Sanday Chongo Kabange | 20/03/2024

From 2 April, HKEX’s new SMP service for the securities market will open for applications by exchange participants.

Securities / Derivatives

SEBI Approves Rule Changes to Lower Burden on Listed Companies

By Ajoy K Das | 20/03/2024

Companies will no longer have to maintain a 1% security deposit for public or rights issues of equity shares. They will also have more time to fill KMP vacancies.

Securities / Derivatives

Japan FSA Sends Bill to Parliament to Boost Capital Market

By Editors | 19/03/2024

The bill will enable asset managers to outsource middle and back office operations and facilitate the development of a market for unlisted securities.

Enforcement

CSRC to Impose Fine and Lifetime Ban on Evergrande Founder

By Editors | 19/03/2024

The company’s flagship unit, Hengda Real Estate, will also pay a CNY 4.2 billion penalty for inflating revenues and defrauding investors.

Securities / Derivatives

Bursa Malaysia Launches New Soybean Oil Futures Contract

By Ranamita Chakraborty | 19/03/2024

Bursa Malaysia is the first exchange outside of China licensed to use commodity futures settlement prices from the Dalian Commodity Exchange.

Enforcement

China’s Didi Required to Face Investor Lawsuit Over 2021 IPO

By Editors | 19/03/2024

Besides allowing the investor lawsuit to proceed against Didi, the US court also refused to dismiss claims against banks that helped the company go public.

Securities / Derivatives

Taiwan FSC Conducting Inspections at ETF Issuers – Report

By Editors | 18/03/2024

One of the areas the FSC is scrutinising is the use of online influencers by fund houses to promote their products.