SECURITIES / DERIVATIVES

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.

Securities / Derivatives

Korea Completes Development of Fractional Stock Trading System

By Sanday Chongo Kabange | 16/11/2021

20 securities firms will be able to launch fractional stock trading services using the KSD system as early as this year, depending on their readiness.

Securities / Derivatives

IOSCO to Update Regulatory Principles for Commodity Derivatives

By Editors | 16/11/2021

IOSCO says market authorities should establish a code of conduct for data providers, have a process to respond to unexpected disruptions, and analyse HFT and algo trading impacts.

Enforcement

Korea FSS Punishes 3 Brokerages Over Lime Asset Mis-selling

By Editors | 16/11/2021

Shinhan Investment and KB Securities were ordered to suspend parts of their operations for six months. Daishin Securities was ordered to close a branch.

Securities / Derivatives

Taiwan Formally Designates FSC as Crypto Industry Supervisor

By Editors | 16/11/2021

Cryptocurrency businesses will be listed under the category of “finance, insurance and real estate” and STOs will be listed under the securities firms subcategory.

Securities / Derivatives

Malaysian Regulators Pledge Support to Mid-Tier IPO Hopefuls

By Sanday Chongo Kabange | 15/11/2021

Bursa Malaysia and the SC will collaborate on efforts to help mid-tier companies become “investment-ready” and learn about governance requirements.

Securities / Derivatives

Australia Finalises Rules on Super Fund Portfolio Disclosures

By Editors | 15/11/2021

Morningstar has expressed concern that the rules do not require super funds to disclose specific stocks or bonds held in portfolios run by external asset managers.

Securities / Derivatives

Taiwan Raises Risk Management Expectations for Futures Funds

By Darien Choong | 15/11/2021

Futures trusts will need to have dedicated risk management departments and be prohibited from conducting discretionary futures trades for clients.