SECURITIES / DERIVATIVES

Enforcement

SFC Disciplines Takeovers Code Breach with ‘Public Criticism’

By Editors | 30/10/2022

Gold Dragon Worldwide Asset Management failed to disclose trades in a stock during an offer period despite it controlling more than 5 percent of the stock.

Securities / Derivatives

US SEC Finalises Clawback Rule on Erroneously Paid Compensation

By Editors | 30/10/2022

The rule will require issuers to develop and implement a clawback policy for compensation that was erroneously awarded based on incorrect financial statements.

ESG / Sustainability

HKEX Launches Carbon Market to Support Net Zero Transition

By Sanday Chongo Kabange | 30/10/2022

The new platform will allow participants to source, hold, trade, settle and retire voluntary carbon credits from internationally-certified carbon projects.

Securities / Derivatives

China Proposes Rules to Improve Disclosures by Accounting Firms

By Editors | 29/10/2022

The rules are aimed at helping market entities understand the professional competence of individual firms so they can choose their auditor.

Securities / Derivatives

PNGX Proposes New Listing Rules for Consultation

By Mark Johnston | 28/10/2022

ASX, NZX, SGX, and SPX issuers would have to comply with only a minimal number of PNGX rules for a dual listing. The proposals also provide a framework for SPAC listings.

Market Infrastructure

HKEX Suspends VCM on HSI Futures Due to Software Issue

By Editors | 28/10/2022

An external vendor is preparing a software update to fix an issue that caused the VCM to be inadvertently triggered on Tuesday.

ESG / Sustainability

SGX to Launch Futures Based on MSCI Climate Action Indexes

By Editors | 28/10/2022

Futures contracts based on MSCI’s new Climate Action Indexes will help investors reduce the carbon footprint of their portfolios and drive investment into climate transition efforts.

Capital / Liquidity

BOK Offers More Measures to Stabilise Korean Markets

By Editors | 28/10/2022

BOK eased its collateral policies and opened a new repo facility. The FSC adjusted the loan-to-deposit ratio. KSFC and KDB are providing liquidity to securities firms.

ESG / Sustainability

SGX RegCo Consults on Independent Director Tenure Limit

By Editors | 28/10/2022

The consultation also proposes to require listed companies to disclose director and CEO remuneration in annual reports on a named basis.