SECURITIES / DERIVATIVES

    Securities / Derivatives

    CSRC Orders Six Brokerage Firms to Correct Violations

    By Editors | 14/06/2022

    The CSRC has issued warning letters to six securities companies, ordering them to correct violations involving their overseas subsidaries.

    Market Infrastructure

    HKMA Chief Outlines Plans to Enhance CMU Services

    By Editors | 13/06/2022

    The Central Moneymarkets Unit will be further commercialised and upgraded in phases over three years. A new platform will be launched in 2025.

    Market Infrastructure

    HKEX Launches VaR Platform for Clearing Participants

    By Editors | 13/06/2022

    The new platform introduces margin requirements based on individual stock volatility, instead of a flat margin rate across all securities.

    Enforcement

    Contracts for Difference: Playing with Fire

    By Emma Parry | 13/06/2022

    Increased regulatory scrutiny of CFDs highlights the need for a renewed focus on financial literacy and investor education, says Emma Parry.

    Securities / Derivatives

    Canadian Regulators Propose Revised Derivatives Reporting Rules

    By Manesh Samtani | 13/06/2022

    The CSA says the proposed rules will enable market participants to harmonise their reporting systems across multiple global regulators.

    Market Infrastructure

    Malaysia SC to Review Rules for Credit Rating Agencies

    By Editors | 13/06/2022

    The SC plans to make it a requirement for the majority of board members and the rating committee to be independent.

    Securities / Derivatives

    Philippine Bourse to Permanently Close Trading Floor

    By Editors | 13/06/2022

    The pandemic has prompted brokers to conduct their trading activities off-site and hastened the PSE’s migration to ‘floorless trading’.

    ESG / Sustainability

    Bursa Malaysia Issues ESG Guidance for Listed Companies

    By Editors | 13/06/2022

    The guidance is issued as part of an initiative to help listed companies adopt best practices in areas such as governance and sustainability.

    Enforcement

    Korean Police Arrest CEO of Discovery Asset Management

    By Editors | 13/06/2022

    CEO Jang Ha-won faces charges of fraud and violation of the Capitals Market Act for selling funds which caused $194mn in losses to investors.

    Enforcement

    Singapore Court Jails Listed Company CFO for Insider Trading

    By Editors | 13/06/2022

    The former CFO of Broadway Industrial Group communicated information to two friends about the sale of two of the company’s businesses 2016.

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