SECURITIES / DERIVATIVES

Securities / Derivatives

CSRC Issues Rules on Short-term Stock Trading by Company Insiders

By Editors | 25/07/2023

The rules apply to major shareholders, directors, supervisors, and senior managers of listed companies, as well as their spouses, parents, and children.

Market Infrastructure

EU Reaches Agreement on Rule Enhancements for Investment Funds

By Editors | 25/07/2023

AIMA’s deputy CEO Jiri Krol said some restrictions are “difficult to justify” but that AIMA has worked with policymakers to ensure they are “better defined and calibrated”.

Securities / Derivatives

HKEX Amends Listing Rules to Match CSRC’s Overseas Listing Requirements

By Editors | 24/07/2023

Mainland issuers seeking a listing in Hong Kong will have to submit to HKEX a CSRC notification that confirms their completion of the Mainland filing procedures.

Capital / Liquidity

SEBI Proposes Prudential Norms for Clearing Corporations’ Exposure

By Ranamita Chakraborty | 24/07/2023

India’s securities regulator is looking to protect clearing corporations through prudential regulations to limit their concentration risk.

AML / KYC

SEBI to Start Requiring FPIs to Provide LEI to Trade in India

By Editors | 23/07/2023

SEBI plans to give non-individual FPIs six months to provide an LEI, failing which their accounts will be blocked for further purchases.

Securities / Derivatives

SSE, SZSE Introduce Ratings System for IPO Sponsors

By Editors | 22/07/2023

China’s primary exchanges adopt performance ratings for sponsors to combat fraud, enhancing capital market integrity and investor confidence.

Capital / Liquidity

FSS Korea Cautions Securities Firms Against Real Estate-related Risks

By Mark Johnston | 21/07/2023

The financial watchdog met with local securities firms to assess and manage real estate-related risks amid concerns of rising overdue loans.

Enforcement

NZ Court Imposes Highest Ever Penalties for Market Manipulation

By Sanday Chongo Kabange | 21/07/2023

Two former senior executives of  Oceania Natural Ltd were ordered to pay a combined N$2.09mn for market manipulation.

Enforcement

FSS Korea Steps Up Efforts to Eradicate Unfair Trading Practices

By Mark Johnston | 21/07/2023

The FSS governor pledges to crack down on any illegal activities in the capital market. A notice outlines misconduct at some investment firms.