Securities / Derivatives

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.

Securities / Derivatives

SGX Marks New Milestone with First Active ETF Listing

By Ranamita Chakraborty | 01/02/2024

The launch of the new AI-powered active ETF, managed by Lion Global Investors and Nomura Asset Management, was announced last month.

Securities / Derivatives

Chinese State-backed Investors on ETF Buying Spree – Reports

By Editors | 01/02/2024

There have been “large and unusual flows” into ETFs tracking the CSI 300 this month, likely from state-backed investors.

Securities / Derivatives

Taiwan to Further Shorten Auction Interval for Odd Lot Trading

By Editors | 31/01/2024

The quotation interval was reduced from ten to five seconds in November 2023. The auction interval will now be reduced from one minute to five seconds.

Enforcement

Westpac Fined A$9.8m for 2016 Pre-Hedging Case

By Sanday Chongo Kabange | 31/01/2024

Westpac will pay the maximum penalty of A$1.8mn allowed in 2016 for unconscionable conduct and another A$8mn for ASIC’s costs.

Enforcement

Korea Increases Rewards for Capital Market Whistleblowers

By Sanday Chongo Kabange | 31/01/2024

Whistleblower reports can also be filed anonymously, to better protect reporters of unfair transactions and market misconduct.