SECURITIES / DERIVATIVES

Market Infrastructure

Hong Kong to Launch Dual Counter Trading in H1 2023

By Editors | 03/10/2022

A market-maker system will be established to facilitate yuan-denominated stock trading. Stamp duty will be waived for market makers providing liquidity for yuan shares.

Securities / Derivatives

India Allows FPIs to Trade Commodity Derivatives Market

By Editors | 03/10/2022

Since 2018, FPIs been allowed to trade exchange-traded commodity derivatives but only to hedge actual underlying exposures to physical commodities.

Securities / Derivatives

Taiwan Tightens Short Selling Rules to Stabilise Market

By Editors | 03/10/2022

The measures tighten limits on the volume of intraday securities lending orders, and raised the margin requirements on securities lending.

Enforcement

US SEC Fines Deloitte China Over Audits of US-Listed Companies

By Editors | 02/10/2022

Deloitte China personnel asked certain Chinese clients to select their own samples for testing and prepare their own audit documentation.

Enforcement

US SEC Fines Barclays $361m for Securities Over-issuances

By Editors | 02/10/2022

Barclays did not have controls in place to track offers and sales of securities against the amount of registered offers and sales.

ESG / Sustainability

FMSB Publishes Spotlight Review on Voluntary Carbon Markets

By Sanday Chongo Kabange | 02/10/2022

The spotlight review details the key challenges of VCMs and offers recommendations to help in their transition into a mature asset class.

Securities / Derivatives

SEBI Modifies Rules on Daily Price Limits for Commodity Futures

By Editors | 02/10/2022

Exchanges may relax the daily price limit in “exceptional circumstance” to resolve price differences between local and overseas markets.

Securities / Derivatives

SEBI Grants BSE Final Approval to Launch Gold Trading

By Editors | 02/10/2022

BSE has already conducted mock trading sessions for its members in a test environment to enable trading in electronic gold receipts.

Market Infrastructure

RBA Expresses Concerns Over CHESS System Delays in ASX Assessment

By Editors | 02/10/2022

ASX recorded a “strike” against the adoption of its remuneration report, which included a A$1.2mn bonus for former CEO Dominic Stevens despite the CHESS replacement delay.