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Securities / Derivatives
Enforcement
China: Police Take “Criminal Coercive Measures” Against Zhongzhi Execs
By Mark Johnston | 18/03/2024
A criminal probe against Zhonzhi was launched in November 2023 after the company, which controls several asset and wealth management firms, said it was “severely insolvent”.
Enforcement
FSC Korea to Take Hana CEO DLF Case to Supreme Court
By Editors | 18/03/2024
The FSC has decided to appeal a High Court ruling that nullified a reprimand warning imposed on Hana Financial Group CEO Ham Young-joo in 2020.
Enforcement
CSRC Unveils New Policies for Boosting Stock Market Quality
By Manesh Samtani | 18/03/2024
The policies tighten the rules for IPO applicants, increase oversight of listed companies, and impose obligations on brokers and investment banks.
Securities / Derivatives
SEBI to Scale Back Launch of Optional T+0 Settlement Cycle
By Ajoy K Das | 18/03/2024
SEBI said the “beta version” of the optional T+0 settlement system has been approved by its board, but only for a “limited set of 25 scrips” and “with a limited set of brokers”.
Securities / Derivatives
SEBI Exempts Certain FPIs from Additional Disclosure Requirements
By Ajoy K Das | 16/03/2024
SEBI also approved two other proposals, one to relax the timelines for disclosures of material changes, and the other to allow FPIs to reactivate an expired registration.
Securities / Derivatives
India: Five PSBs Required to Dilute Government Stake by August
By Ajoy K Das | 15/03/2024
Out of 12 public sector banks, five have not yet complied with India’s minimum public float requirements, which is required by August 2024.
Market Infrastructure
Hong Kong Considers Scaling Back Severe Weather Trading Plans
By Sanday Chongo Kabange | 15/03/2024
Hong Kong is reportedly considering whether to still keep local markets closed during the most severe weather events to help smaller firms continue operations.
Enforcement
US Regulators Announce $350m Penalty for JPMorgan
By Editors | 15/03/2024
The action, taken to address trade surveillance deficiencies, requires the bank to seek regulatory approval to onboard any new trading venue.
Market Infrastructure
ASX Consults on Two-Stage Approach for CHESS Delivery
By Sanday Chongo Kabange | 15/03/2024
ASX is targeting Q1 2026 for implementation of the first stage of the new CHESS system, and 2028 or 2029 for the second stage.
Securities / Derivatives
SEBI Flags Manipulation, Bubble Risks in SME Segment
By Ajoy K Das | 15/03/2024
SEBI is working to introduce more disclosures for SME listings and seeking stress test results from fund managers in the segment.
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