SECURITIES / DERIVATIVES

Market Infrastructure

Final Rules for Swap Connect Agreed by Authorities – Report

By Manesh Samtani | 10/04/2023

Swap Connect could start trading by June if not sooner. Mainland treasury bond futures may also become accessible from Hong Kong.

Market Infrastructure

RBI to Permit Local Users to Access Onshore NDF Market

By Editors | 09/04/2023

The move is intended to further deepen the forex market in India and provide residents with greater hedging flexibility, RBI governor Shaktikanta Das said.

Securities / Derivatives

Morgan Stanley Applies to Open Futures Business in China

By Editors | 09/04/2023

If approved, Morgan Stanley would become the second foreign bank to wholly own a futures business in China, after JPMorgan.

ESG / Sustainability

DWS Targets Climate With Largest Ever US ETF Launch

By Editors | 09/04/2023

The passive fund began trading on the NYSE with $2bn of assets, backed by Finnish pension insurance company Ilmarinen.

Securities / Derivatives

SET to Streamline Market Data Licensing Processes

By Editors | 07/04/2023

The Stock Exchange of Thailand has partnered with DataBP to launch a new online platform that will simplify reporting and standardise market data administration.

Securities / Derivatives

US SEC Asked for Views on Whether Loans are Securities

By Mark Johnston | 07/04/2023

Court’s request for SEC’s view has sparked concerns of increased regulation pressure on loan market.

Securities / Derivatives

FSC Korea Finalises New Rules for Convertible Preference Shares

By Editors | 07/04/2023

The rules were amended to prevent large shareholders from using (redeemable) convertible preference shares to dilute small shareholders.

Securities / Derivatives

CSRC Proposes to Update Rules for Securities Firms

By Manesh Samtani | 06/04/2023

The rules focus on risk prevention and internal governance, and now also cover underwriting, sponsorship, market making and OTC business activities.

Enforcement

ICBC Under Probe for Underwriting, Bond Pricing Practices

By Editors | 06/04/2023

The pricing of debt financing instruments underwritten by ICBC “seriously deviated from the reasonable level of the market” and “disturbed the market order”.