SECURITIES / DERIVATIVES

Market Infrastructure

Two More ETFs List via Singapore-Shenzhen Trading Link

By Editors | 31/12/2022

SGX listed its second ETF via the SZSE-SGX ETF Link. SZSE listed its first ETF via the link. The two ETFs have a combined AUM of over SGD 270 million.

Enforcement

China to Crack Down on Illegal Stock Recommendations

By Editors | 30/12/2022

Regulators are targeting online information, accounts, website platforms and mobile apps being used to make stock recommendations illegally.

ESG / Sustainability

China ETS Sees Lower Than Expected Trading Performance

By Editors | 30/12/2022

Only 44 million tonnes of carbon allowances were traded during 2022, down from 179 million tonnes in 2021, though the market has now exceeded CNY 10 billion in cumulative turnover.

Securities / Derivatives

FSC Korea to Introduce Takeover Bid Rule for M&A Deals

By Editors | 30/12/2022

The rule will require takeover bidders to offer minority shareholders an opportunity to sell their shares in a corporate merger or acquisition.

AML / KYC

SFC to Collect More Granular Data from Licenced Firms

By Manesh Samtani | 30/12/2022

Many of the new questions in the SFC’s updated BRMQ focus on AML/CFT practices and brokerage business controls.

Securities / Derivatives

UK Court Dismisses Case Seeking LME Disclosures on Cancelled Nickel Trades

By Editors | 30/12/2022

The lawsuit sought disclosures from the LME regarding its March decision to cancel nickel trades. The court said the merits of the case were “weak”.

Securities / Derivatives

NSE Chief Pushes to Extend Trading Hours for Indian Equities

By Editors | 30/12/2022

Ashish Chauhan said longer hours would enable mutual funds and banks to increase participation in hedging and liquidity-providing activities.

Market Infrastructure

SEBI Proposes Regulatory Framework for Index Providers

By Manesh Samtani | 29/12/2022

Index providers could be subject to SEBI’s framework even if they do not know their indices are being used in India, and even if they are not regulated in their home market.

Enforcement

SGX RegCo Bars UOBKH from Acting as Issue Manager

By Editors | 29/12/2022

SGX RegCo said it has considered actions already taken by MAS and the interests of the market, and decided to impose additional requirements on UOBKH.