SECURITIES / DERIVATIVES

Market Infrastructure

SEBI Proposes Market Maker Framework for Corporate Bonds

By Sanday Chongo Kabange | 21/11/2021

To act as market makers, stockbrokers and merchant banks would need INR 100 million in additional net worth over-and-above their existing obligations.

Securities / Derivatives

SEBI Proposes to Tighten Rules on Use of IPO Proceeds

By Sanday Chongo Kabange | 19/11/2021

SEBI is considering increasing the lock-in period for anchor investors and limiting share sales by significant shareholders for six months.

Securities / Derivatives

Bursa Malaysia Announces New Initiative to Accelerate ESG Adoption

By Manesh Samtani | 18/11/2021

The initiative, known as #financing4ESG, will promote sustainable finance in Malaysia and accelerate ESG adoption among listed companies.

Securities / Derivatives

HK FSDC Proposes Measures to Advance Biotech Hub Ambitions

By Manesh Samtani | 18/11/2021

The FSDC says allowing SPACs to list in Hong Kong will help to bolster the city’s status as a fundraising hub for the healthcare and biotech sectors.

Securities / Derivatives

China Tightens Rules on Special Purpose Bonds, Use of Proceeds

By Darien Choong | 18/11/2021

SPB proceeds must be used strictly in accordance with the purposes disclosed in the prospectus. Any variations must be approved and properly disclosed.

Market Infrastructure

FMA Issues Guidance on Mandatory Climate Disclosure Regime

By Sanday Chongo Kabange | 18/11/2021

In-scope climate reporting entities with a 31 March balance date will have to file their first climate statements by 31 July 2024, says the FMA’s Sarah Vrede.

Securities / Derivatives

CSE Set to Implement New Index Calculation Methodology

By Duruthu E Chandrasekera | 18/11/2021

The current methodology has resulted in record high index levels from trading activity in stocks with little free float and actual liquidity.

Enforcement

Chinese Court Rules Executives, Auditors Liable for Kangmei Fraud

By Darien Choong | 17/11/2021

Kangmei Pharmaceutical, its executives and auditors will be held fully liable for CNY 2.5bn of investor losses in China’s first ever class action against corporate fraud.

Securities / Derivatives

Eurex to Expand KRX Link to Include KOSPI Weekly Options

By Editors | 16/11/2021

Investors will gain the ability to trade KOSPI 200 options with weekly expiries outside Korean trading hours, providing greater flexibility and risk management precision.