SECURITIES / DERIVATIVES

Big Picture

Critical Sustainability Reporting Gaps Remain for APAC Firms: Study

By Ranamita Chakraborty | 11/06/2023

A study by PwC Singapore and NUS Business School found that only 51 percent of the top listed companies in 14 APAC markets disclose net-zero targets.

Enforcement

India: Appeals Tribunal Reverses SEBI Licence Cancellation Order

By Editors | 11/06/2023

The Securities Appellate Tribunal said SEBI’s order to cancel the licence of Brickwork Ratings was “unjustified” and “not commensurate” with the alleged violations.

Market Infrastructure

KRX Derivatives to Start Trading 15 Minutes Earlier from 31 July

By Editors | 09/06/2023

Currently, the derivatives market opens at the same time as the stock market, which increases the volatility in the first 15 minutes of trading each day.

Market Infrastructure

Indonesia Launches New Securities Lending and Borrowing Facility

By Sanday Chongo Kabange | 08/06/2023

PASLA chair Jason Wells said IDClear’s new bilateral SLB facility will enable better price discovery and greater market resilience.

Capital / Liquidity

SEBI Issues New Framework for Client Funds Upstreaming

By Mark Johnston | 08/06/2023

Stock brokers will have to upstream all client funds to clearing corporations by the end of each day.

ESG / Sustainability

Climate Impact X Launches Spot Trading Platform for Carbon Credits

By Ranamita Chakraborty | 08/06/2023

**CIX told Regulation Asia that it is seeking alignment with IOSCO’s principles for commodity price benchmarks – a detailed set of guidelines relating to governance and control systems.
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Securities / Derivatives

Bursa Gets In-Principle Approval for New Debt Fundraising Platform

By Sanday Chongo Kabange | 08/06/2023

The Securities Commission has granted Bursa and RAM in-principle approval to manage and operate a new debt fundraising platform.

Securities / Derivatives

RBI Permit Banks to Offer Non-deliverable FX Derivatives to Resident Indians

By Editors | 08/06/2023

HSBC India executed its first non-deliverable FX derivative transaction with Reliance Industries just a day after the RBI’s policy change.

ESG / Sustainability

Japan to Set Gender Diversity Target for TSE Prime Market

By Ranamita Chakraborty | 07/06/2023

TSE Prime Market companies will have to have at least one woman board member by 2025, and reach a 30 percent target by 2030.