SECURITIES / DERIVATIVES

Securities / Derivatives

HKMA, SFC Direct Intermediaries to Improve Client Trade Practices

By Editors | 30/10/2021

Intermediaries have been required to undertake remedial action to address non-compliance with transaction-related disclosure requirements.

Enforcement

CBIRC Shanghai Launches Crackdown on Coal Price Speculation

By Editors | 29/10/2021

The CBIRC’s Shanghai bureau has banned the use of bank and insurance funds to influence the commodity market, as China faces nationwide power shortages.

Securities / Derivatives

SFC Finalises Changes to Code on Pooled Retirement Funds

By Editors | 29/10/2021

The amendments include enhanced requirements for PRF operators including product providers, trustees, management companies and insurance companies.

ESG / Sustainability

Japan Developing Certification Framework For ESG Related Bonds

By Mark Johnston | 29/10/2021

Japan’s FSA will also formulate codes of conduct for ESG evaluation organisations, covering transparency, fairness, and good governance.

Market Infrastructure

China Proposes Revisions to CPA Law to Improve Audit Quality

By Editors | 28/10/2021

The revisions allow for foreign regulators to sign a regulatory cooperation agreement or memorandum with the State Council if they wish to access audit work papers.

Securities / Derivatives

China Expands Futures Law to Include OTC Derivatives

By Editors | 28/10/2021

ISDA says the revised draft incorporates several comments it made in its submission to the consultation on the first draft.

Securities / Derivatives

Temasek Launches Subsidiary to Support Singapore Hub Ambition

By Ranamita Chakraborty | 28/10/2021

65 Equity Partners will invest in high-growth companies as part of an initiative to broaden Singapore’s proposition as a financing hub.

Securities / Derivatives

Chinese Authorities Order ‘Key Industries’ to Repay Their Debt

By Manesh Samtani | 27/10/2021

The notice from the NDRC and SAFE comes days after Evergrande paid $83.5mn worth of overdue interest on an offshore bond just before a grace period expired.

ESG / Sustainability

A Look at the SFC’s Climate Risk Requirements for Fund Managers

By Michael P Wong | 27/10/2021

The new requirements will have a significant impact on in-scope fund managers, and not just those that follow ‘sustainable’ or ‘ESG’ strategies, says Dechert partner Michael Wong.