SECURITIES / DERIVATIVES

Market Infrastructure

EU Lawmakers Agree to Defer Mandatory Buy-in Rules

By Manesh Samtani | 29/11/2021

A decision to postpone implementation of the mandatory buy-in rules under the CSDR settlement discipline regime has been agreed.

Fintech / Regtech

Taiwan FSC to Ease Rules on Automatic Portfolio Rebalancing

By Darien Choong | 29/11/2021

Automated execution of portfolio rebalancing transactions will be allowed, subject to the rebalancing thresholds agreed by clients being reached.

AML / KYC

SFC Issues Technical Guidance for New Reporting Regime

By Editors | 28/11/2021

A new paper introduces a pre-defined file format for OTCR submissions. Guidance on the new investor identification regime has also been released.

Enforcement

HK ICAC Charges Four for Concealing Backdoor Listing

By Editors | 28/11/2021

A retired lawmaker and his son concealed an agreement with a third party who agreed to pay them about HK$210mn for control of a listed stock.

Securities / Derivatives

Chinese, US Authorities Working to Resolve Audit Issues

By Editors | 28/11/2021

CSRC director-general Shen Bing said authorities are “working very hard” to prevent Chinese companies being delisted from US exchanges.

Enforcement

Hong Kong FRC to Increase Public Disclosures on Investigations

By Editors | 28/11/2021

The Financial Reporting Council will increasingly disclose its investigations when cases involve high public interest.

Securities / Derivatives

Tax Incentives Prompt Raft of IPO Listings in Sri Lanka

By Duruthu E Chandrasekera | 27/11/2021

Companies will be able to maintain a reduced corporate tax rate for three years after listing. The CSE’s listing framework was also revamped earlier this year.

Securities / Derivatives

Korea FSS Asks Brokers to Prioritise Consumer Protection

By Editors | 26/11/2021

The FSS is reviewing a decision to penalise nine market-makers, taking into account “self-correcting measures” by individual firms.

Market Infrastructure

ASIC Imposes Licence Conditions on ASX Over 2020 Outage

By Sanday Chongo Kabange | 26/11/2021

ASIC wants market participants to be able to re-route trades to alternative venues such as Chi-X in the event of a future market outage.