Securities / Derivatives

Market Infrastructure

China Implements Registration-based IPO System on Main Markets

By Editors | 19/02/2023

The new system simplifies the process for companies seeking to raise funds through mainboard listings on the Shanghai and Shenzhen stock exchanges.

Securities / Derivatives

Taiwan: Jih Sun and Fubon Units Receive Merger Approval

By Editors | 19/02/2023

The securities and futures firms’ mergers are the result of a merger between the two firms’ financial holding companies, which completed last November.

ESG / Sustainability

Shenzhen Bourse Enhances Listed Company Disclosure Guidelines

By Editors | 19/02/2023

Companies in certain industries will have to disclose major pollution accidents, to promote better environmental governance.

Enforcement

US SEC, CFTC Penalise OCC Over Internal Rule Violation

By Editors | 19/02/2023

As a result of certain deficiencies, the Options Clearing Corp’s clearing fund was “underfunded” at various times between October 2019 and May 2021.

Capital / Liquidity

India to Establish Backstop Fund for Corporate Debt Market

By Editors | 19/02/2023

SBI Mutual Fund will administer the $4bn fund, which will be 90% funded by the government and 10% by asset managers.

Market Infrastructure

UK CCPs Directed to Update Outsourcing Agreements by Feb 2024

By Mark Johnston | 19/02/2023

New supervisory statement requires UK CCPs to update legacy outsourcing agreements by by 9 February 2024.

Fintech / Regtech

China Trials Platform for Investors to Check Fund Holdings

By Editors | 17/02/2023

A “Fund E Account” platform will provide a “one-stop” service for individual investors to query information about all their holdings in public funds.

Big Picture

Some APAC Regulators Not Fully Operationally Independent: IOSCO

By Editors | 17/02/2023

Government officials in Singapore, Japan, Hong Kong, Australia and India have some ability to direct or influence securities regulators’ day-to-day operations.

Securities / Derivatives

CFTC to Require UPIs in Swaps Reporting Starting Jan 2024

By Editors | 17/02/2023

UPIs issued by the DSB will be required in reporting credit, equity, foreign exchange, and interest rate swaps from 24 Jan 2024.