SECURITIES / DERIVATIVES

    Securities / Derivatives

    Tokyo Bourse Plans to Extend Trading Hours – Report

    By Editors | 18/05/2021

    Longer trading hours are expected to increase participation from overseas investors, as well as local retail investors that trade after work.

    Market Infrastructure

    HKEX Clears First SOFR-HONIA Cross Currency Swaps

    By Editors | 18/05/2021

    OTC Clear announced last week that it was launching clearing services for cross-currency interest rates swaps and basis swaps referencing HONIA and SOFR.

    Enforcement

    CSRC Launches Probe into Allegations of Market Manipulation

    By Editors | 17/05/2021

    A fund manager has claimed that at least 18 stocks are being manipulated by the listed companies, private equity funds and publicly offered funds.

    Securities / Derivatives

    SEBI Consults on Measures to Protect Client Collateral

    By Editors | 17/05/2021

    The proposed framework seeks to protect clients’ collateral from being misused or misappropriated by trading or clearing members.

    Securities / Derivatives

    PCAOB Proposes Framework for HFCAA Determinations

    By Editors | 16/05/2021

    The PCAOB will use the proposed framework to determine when it is unable to carry out inspections of overseas audit firms of US-listed companies.

    Securities / Derivatives

    SEBI Proposes to Reduce Promoter Lock-in Period

    By Editors | 14/05/2021

    SEBI proposes to reduce the lock-in period for the minimum promoter’s contribution to an IPO from 3 years to one year.

    Enforcement

    Hong Kong: Six Current & Former Directors Fined Over Inside Information

    By Editors | 14/05/2021

    Timely disclosure of inside information is central to the orderly operation of the market and underpins a fair and informed market, the SFC said.

    Securities / Derivatives

    China: NAFMII Revises Rules for Credit Derivatives

    By Editors | 14/05/2021

    The rules remove a restriction that prohibited CDS and CLN from being linked to instruments other than non-financial corporate debt.

    Securities / Derivatives

    SEC Thailand Issues Guidelines for Distressed Bond Funds

    By Editors | 13/05/2021

    Only institutional and ultra-HNW investors will be allowed to invest in distressed bond funds, which will be non-redeemable but have a maturity date prescribed.

    Securities / Derivatives

    CBIRC Green-lights BlackRock-CCB Wealth Management Venture

    By Editors | 13/05/2021

    The wealth management JV  is 50.1% owned by BlackRock, 40% by China Construction Bank’s wealth management subsidiary, and 9.9% owned by Temasek.

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