SECURITIES / DERIVATIVES

    Securities / Derivatives

    BSEC Tightens Circuit Breaker to Contain Stock Market Loses

    By Editors | 01/06/2022

    The lower limit was reduced from 5 percent to 2 percent. The upper limit was kept unchanged at 10 percent.

    Enforcement

    US SEC Penalises Online Broker Over Meme Stock Restrictions

    By Mark Johnston | 01/06/2022

    In January 2021, TradeZero America halted trading in three meme stocks for about 10 minutes, but later told investors it had resisted instructions from its clearing broker to do so.

    Securities / Derivatives

    CSRC Raises Scrutiny of Investment Banks, IPO Sponsors

    By Darien Choong | 31/05/2022

    New guidelines clarify the due diligence obligations of sponsors. The CSRC has also set out five situations that would trigger on-site inspections of internal controls.

    Fintech / Regtech

    MAS to Study Use Cases of Asset Tokenisation, DeFi Protocols

    By Editors | 31/05/2022

    The first pilot, led by DBS, JP Morgan and Marketnode, will explore potential DeFi applications in wholesale funding markets and help inform regulatory policy.

    Market Infrastructure

    China Opens Exchange Bond Markets to Foreign Investors

    By Manesh Samtani | 31/05/2022

    Foreign institutional investors in the interbank bond market are allowed to also invest in the Shanghai and Shenzhen exchange bond markets.

    ESG / Sustainability

    ASX to Scrutinise ETF Labels to Tackle Greenwashing – Report

    By Sanday Chongo Kabange | 30/05/2022

    ASX will scrutinise listed instruments to ensure they are “true to label” and only list new funds that comply with ASIC’s naming requirements.

    Securities / Derivatives

    Korea to Introduce New Venture Capital Investment Vehicle

    By Sanday Chongo Kabange | 30/05/2022

    So-called ‘Business Development Companies’ will be listed on the stock market and allowed to invest in and lend to startups and innovative companies.

    ESG / Sustainability

    Bursa Malaysia Advances Work on Voluntary Carbon Market

    By Editors | 30/05/2022

    Bursa Malaysia has signed an MOU with non-profit organisation Verra, which manages the world’s largest GHG crediting programme.

    Market Infrastructure

    CSRC, SFC Outline Plans to Include ETFs in Stock Connect

    By Manesh Samtani | 30/05/2022

    Preparation for formal implementation will take about two months. ETF eligibility criteria have been published by HKEX, SSE and SZSE for consultation.

    Securities / Derivatives

    Vietnam Dismisses Securities Officials Amid Corruption Concerns

    By Editors | 29/05/2022

    The heads of the State Securities Commission and Ho Chi Minh Stock Exchange have been dismissed. Several others have been reprimanded.

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