SECURITIES / DERIVATIVES

Enforcement

Korea: FSS Probe Confirms Mis-selling of HSCEI-Linked ELS

By Manesh Samtani | 06/02/2024

High-risk equity-linked securities were sold to customers who prioritised principal protection, were close to retirement, and those planning for future cancer treatments.

Securities / Derivatives

SEBI Proposes to Allow AIFs to Pledge Equity Shares

By Ajoy K Das | 06/02/2024

Consultation proposes to allow Category I and II AIFs to create encumbrances on equity holdings in infrastructure sector companies.

Securities / Derivatives

SEBI Considers Scrapping Security Deposit Required of Issuers

By Ajoy K Das | 05/02/2024

An expert committee has recommended abolishing the requirement for equity issuers to keep a security deposit with the stock exchange.

Securities / Derivatives

US Fed Tightens Policy on Personal Investments by Staff

By Editors | 02/02/2024

Under the new policy, staff can be directed to submit brokerage and transaction statements to verify financial disclosure accuracy.

Market Infrastructure

Pakistan Introduces Electronic Platform for Interbank FX Trades

By Editors | 02/02/2024

The platform provides real time price visibility and features a new electronic matching system for interbank FX trades.

Market Infrastructure

EU Agrees on New Listing Act, Multiple-Vote Share Structures

By Editors | 02/02/2024

The Listing Act will make it cheaper and easier for companies to list. Multiple-vote share structures will ensure founders retain sufficient control after listing.

Securities / Derivatives

ASIC Issues New Guidance on Pre-Hedging Practices

By Editors | 02/02/2024

If not carried out in an appropriate manner, pre-hedging can be unfair, unconscionable and result in poor client outcomes, ASIC said.

Securities / Derivatives

China Issues Reputational Risk Management Rules for Futures Firms

By Manesh Samtani | 02/02/2024

Futures companies are required to integrate reputational risk management across all departments, branches, subsidiaries, and staff.

Securities / Derivatives

Korea to Tighten Rules to Prevent Misuse of Treasury Stock System

By Editors | 01/02/2024

Listed companies will no longer be allowed to receive allocations of treasury shares from corporate spin-offs.