Securities / Derivatives

Securities / Derivatives

SFC’s New Rules on Bookbuilding & Placing Activities: What to Know

By Alan Linning | 02/03/2022

Alan Linning and Susanne Harris explain the new requirements and offer guidance on next steps for intermediaries to prepare for compliance by August.

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.