SECURITIES / DERIVATIVES

Securities / Derivatives

KRX Admits 20 Brokerage Firms to Carbon Emissions Market

By Editors | 22/12/2021

The addition of the 20 brokerages is expected to stimulate the carbon emissions trading market and facilitate more appropriate pricing of emissions.

Securities / Derivatives

Taiwan Extends Day Trading Transaction Tax Cut to 2024

By Editors | 22/12/2021

The extension keeps the transaction tax for day trading halved at 0.15 percent, a measure that has been in place since April 2017 and was set to expire on 31 December.

Big Picture

ISSA Explores CBDC Impacts to Post-Trade Settlement

By Editors | 21/12/2021

CBDC is a critical and likely enabler for DLT-based securities settlement and collateral management, with stablecoins providing a possible alternative, the paper says.

Securities / Derivatives

Bursa Malaysia to Become Approval Authority for ACE Market IPOs

By Editors | 21/12/2021

Under the new regulatory framework, the listing process for ACE Market IPOs has been streamlined to enhance fundraising efficiency for Malaysian corporations.

Market Infrastructure

HKMA Directs Banks to Observe Latest FX Global Code

By Mark Johnston | 21/12/2021

Banks are expected to review their practices to ensure observance of the FX Global Code and renew the Statement of Commitment by 15 July 2022.

Market Infrastructure

China to Expand Shanghai-London Stock Connect

By Editors | 21/12/2021

Under the proposed rules, the Stock Connect scheme will be expanded to allow participation from companies listed in Shenzhen, Switzerland and Germany.

ESG / Sustainability

TWSE Expands Scope of Sustainability Reporting Rules

By Editors | 21/12/2021

All TWSE listed companies with paid-in capital above TWD 2 billion will mandatorily have to file sustainability reports from 2023 onwards.

Securities / Derivatives

UBS, China Life to Set Up Asset Management JV – Report

By Editors | 20/12/2021

China Life and UBS have reportedly signed an MoU to set up the joint venture, though the formal launch will be subject to approval from the CBIRC.

Enforcement

Taiwan FSC to Raise Fines for Securities Investment Trust Businesses

By Editors | 20/12/2021

The maximum fine for violations by securities investment trust and securities investment consulting businesses will rise from TWD 3mn to TWD 15mn.