SECURITIES / DERIVATIVES

    Enforcement

    SFC Permanently Bans Ex-HSBC Employee Over Bribery Convictions

    By Editors | 02/03/2022

    The former vice president accepted gifts as inducements to handle credit applications and maintain the credit facilities for two companies controlled by a client.

    Securities / Derivatives

    SFC, HKMA Launch Joint Review of Investment Product Selling Practices

    By Editors | 02/03/2022

    The review’s objectives are to assess intermediaries’ compliance with requirements to perform product due diligence, conduct suitability assessments and provide information to clients.

    Capital / Liquidity

    MAS Introduces Liquidity Requirement for Recognised Market Operators

    By Editors | 01/03/2022

    Effective from 28 March, RMOs will have to hold at least 25 percent of their annual operating costs in cash and cash equivalents.

    Enforcement

    HK Court Offers Questionable Rationale in Insider Dealing Case

    By Tom Fyfe | 01/03/2022

    The court’s decision merely transfers illicit profits to a select group of individuals who were “lucky enough to have traded with the insider”, says Tom Fyfe.

    Enforcement

    CSRC Asks Morgan Stanley to Provide Information on US Probe

    By Editors | 28/02/2022

    The CSRC has reportedly given Morgan Stanley 30 days to provide details about its role in a US investigation into its block trading practices.

    Market Infrastructure

    ISDA Publishes Documentation to Align Derivatives, SFT Markets

    By Editors | 28/02/2022

    The new definitional booklet and related set of provisions will enable allow firms to document derivatives and securities financing transactions under a single ISDA Master Agreement.

    Securities / Derivatives

    US SEC Proposes New Rule to Increase Short Selling Transparency

    By Editors | 28/02/2022

    Institutional investment managers will have to report information relating to short positions to the SEC on a monthly basis. The data will be aggregated and made available to the public.

    Securities / Derivatives

    BIS Launches Green Bond Fund Dedicated to APAC Region

    By Editors | 28/02/2022

    This is the third green bond fund launched by the BIS. It will help channel central bank reserves to green projects in the Asia and Pacific region.

    Securities / Derivatives

    US Fed Approves New Trading Rules for Senior Officials

    By Sanday Chongo Kabange | 27/02/2022

    The rules aim to support public confidence in the impartiality and integrity of the FOMC’s work by guarding against “even the appearance of any conflict of interest”.

    Securities / Derivatives

    BSEC Reduces Minimum Investment Limit for SME Boards

    By Editors | 27/02/2022

    The BSEC eased the limit in response to requests from merchant bankers. Stock exchanges are directed to provide registration to investors free of cost.

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