Securities / Derivatives

Crypto / Digital Assets

SET to Launch Digital Asset Exchange ‘Very Soon’

By Editors | 03/03/2022

The new digital asset exchange will not offer cryptocurrency trading, but instead focus on investment tokens and utility tokens.

Securities / Derivatives

JSDA Proposes Measures to Improve IPO Pricing Mechanism

By Editors | 03/03/2022

JSDA proposes to allow brokers greater flexibility in IPO price-setting, and to allow prices to exceed pre-set bands if demand is strong.

ESG / Sustainability

Bursa Malaysia Launches New Initiative to Boost Appeal of PLCs

By Editors | 02/03/2022

Five digital guidebooks will be issued in 2022, to help publicly listed companies adopt best practices in areas such as governance and sustainability.

Securities / Derivatives

Eight SPACs Have Filed IPO Applications in Hong Kong

By Sanday Chongo Kabange | 02/03/2022

The first applicant, backed by CMB International, has been approved. The latest applicant is a SPAC majority owned by ex-HKMA chief Norman Chan.

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.