SECURITIES / DERIVATIVES

    AML / KYC

    Thai SEC Proposes UBO Registration Rules for Securities Firms

    By Sanday Chongo Kabange | 08/08/2021

    Securities firms offering trading, exchange or underwriting services will be required to ensure customers register their foreign beneficiaries.

    ESG / Sustainability

    US SEC Approves Nasdaq Proposal on Board Diversity

    By Manesh Samtani | 08/08/2021

    The new rules will require listed companies to meet race and gender targets, or explain in writing why they have failed to do so.

    Market Infrastructure

    China: New Rules Issued to Address Unreliable Bond Ratings

    By Editors | 08/08/2021

    The rules require credit rating agencies to strengthen their methodologies and systems, improve corporate governance, and avoid conflicts of interest.

    Securities / Derivatives

    TWSE to Enhance Timeliness of Disclosures by Listed Firms

    By Sanday Chongo Kabange | 08/08/2021

    In 2022, some listed companies will have to start disclosing uncertainties about their ability to continue as a going concern based on unaudited financial information.

    Securities / Derivatives

    CSRC Allows Fidelity to Set up China Retail Fund Business

    By Editors | 08/08/2021

    Fidelity has become the second global asset manager to receive approval to set up a fully-owned mutual fund business after BlackRock.

    AML / KYC

    SEBI Allows Indian Fund Managers to Participate in FPIs

    By Editors | 07/08/2021

    KYC norms that required FPIs and institutional investors to disclose their personal information to SEBI have also been relaxed.

    Securities / Derivatives

    FSC Korea Issues Notice on Rule Changes for PE Funds

    By Sanday Chongo Kabange | 07/08/2021

    A new classification system will distinguish between “general PEFs” and “institution-only PEFs”. PEFs will be subject to increased monitoring and external audits.

    Securities / Derivatives

    Intra-day NAV is Applicable for ETF Transactions: SEBI

    By Ranamita Chakraborty | 06/08/2021

    The mutual fund industry told SEBI the closing NAV may “not be relevant” for direct transactions in ETF units with large investors.

    Enforcement

    CSRC Penalises Yongcheng Coal, Executives for Fraud

    By Sanday Chongo Kabange | 05/08/2021

    Yongcheng Coal and its executives were fined for fraudulent disclosures and for inflating its books. The company defaulted on a CNY 1 billion bond last year.

    Securities / Derivatives

    SEBI Asks RTAs to Build Common Platform for Fund Investors

    By Editors | 05/08/2021

    SEBI has asked India’s two RTAs, KFinTech and CAMS, to develop a new dedicated platform for investors to transact in mutual funds.

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