Securities / Derivatives

Securities / Derivatives

FSC Korea to Tighten IPO Lockup Rules Starting in March

By Sanday Chongo Kabange | 23/02/2022

A staggered lockup contracts system will be introduced to avoid sell orders being concentrated immediately after the end of the usual six-month lockup period.

Enforcement

Seoul Court Declares Lime Asset Management Bankrupt

By Editors | 23/02/2022

Investors lost an estimated KRW 1.7 trillion. Lime Asset Management has a reported KRW 520 billion in debt, compared to just KRW 19 billion in assets, which will be liquidated.

Securities / Derivatives

SEBI to Enhance Disclosures on IPOs by Loss-making Tech Firms

By Ranamita Chakraborty | 23/02/2022

SEBI proposes that new age technology companies be required to disclose all presentations made to pre-IPO investors during the three years prior to the IPO.

Market Infrastructure

HK Budget Includes More Borrower Relief, Capital Market Reforms

By Manesh Samtani | 23/02/2022

Finance Secretary Paul Chan announced measures to further reform Hong Kong’s listing rules, promote the bond market, and introduce yuan share trading in the city.

Securities / Derivatives

SFC Confirms Plans to Regulate Fund Trustees, Custodians

By Manesh Samtani | 23/02/2022

A new regulated activity (RA 13) will be introduced which will subject trustees and custodians of public funds to licensing requirements and ongoing regulatory supervision.

Securities / Derivatives

Hang Seng Indexes Company Proposes to Create New China Index

By Editors | 22/02/2022

The proposed index would be comprised of HSCEI constituents as well as some A-shares, according to the consultation paper.

Securities / Derivatives

CSRC Relaxes Rules for Appointing Securities and Fund Personnel

By Darien Choong | 22/02/2022

Passing a proficiency test is no longer a prerequisite qualification for personnel with certain work experience, and educational requirements have been scrapped.

Securities / Derivatives

Philippine SEC Proposes Draft Rules For Umbrella Funds

By Sanday Chongo Kabange | 21/02/2022

Investment companies will be allowed to operate umbrella funds as long as they create at least two sub-funds, which segregated assets and liabilities.

Securities / Derivatives

Singapore Has No Plans to Restrict Retail Investment in SPACs

By Darien Choong | 20/02/2022

Regulatory safeguards and educational efforts mounted by SGX should provide “adequate protection for retail investors and enable them to assess the risk-return trade-offs”.