SECURITIES / DERIVATIVES

Securities / Derivatives

BSEC Allows Foreign Companies to Sponsor Mutual Funds

By Editors | 06/05/2021

Foreign companies will be allowed to become sponsors of mutual funds, subject to a maximum contribution of 25 percent of the find size.

Market Infrastructure

Mitigating FX Settlement Risk in Japan’s Pensions Industry

By Margaret Law | 06/05/2021

Margaret Law and Makoto Miyazaki discuss the need for Japanese pension funds to adopt PvP settlement to mitigate FX settlement risk.

Enforcement

ASIC Files Suit Against Westpac for Alleged Insider Trading

By Editors | 05/05/2021

ASIC says Westpac traded interest rate derivatives to pre-position itself while knowing it would be selected to execute a A$12bn interest rate swap hours later.

Securities / Derivatives

HKEX to Lessen Profit Requirement Hike for Main Board IPOs

By Manesh Samtani | 05/05/2021

The three-year profit requirement will be raised from HK$50mn to HK$80mn, compared to the HK$125mn or HK$150mn options proposed in November.

Securities / Derivatives

KRX Mulls Additional Measures to Attract Unicorn Listings

By Sanday Chongo Kabange | 05/05/2021

Ahead of the introduction of dual-class shares, KRX will provide guidelines to help founders secure management rights jointly with other large shareholders.

Securities / Derivatives

Australia Consults on New Requirements for Proxy Advisers

By Ranamita Chakraborty | 05/05/2021

The Treasury is proposing that proxy advisers be required to obtain an AFS License, among other requirements aimed at increasing transparency.

Securities / Derivatives

SEBI Issues Compensation Guidelines for Fund Managers

By Editors | 05/05/2021

20% of compensation of key AMC employees must be paid in the form of units of the mutual fund schemes in which they have a role or oversight.

ESG / Sustainability

New Zealand Launches First Carbon Efficient Indices

By Editors | 05/05/2021

All S&P/NZX 50 companies are covered in the new indices. Constituent weights will be adjusted based on carbon intensity and emissions performance.

ESG / Sustainability

HKMA Issues Guideline on Green & Sustainable Finance Grant Scheme

By Editors | 05/05/2021

The grant amount for each bond issue will be half of the eligible expenses, capped at HK$2.5mn for rated bonds and HK$1.25mn  for unrated bonds.