Securities / Derivatives

Securities / Derivatives

China Tightens Rules on Special Purpose Bonds, Use of Proceeds

By Darien Choong | 18/11/2021

SPB proceeds must be used strictly in accordance with the purposes disclosed in the prospectus. Any variations must be approved and properly disclosed.

Market Infrastructure

FMA Issues Guidance on Mandatory Climate Disclosure Regime

By Sanday Chongo Kabange | 18/11/2021

In-scope climate reporting entities with a 31 March balance date will have to file their first climate statements by 31 July 2024, says the FMA’s Sarah Vrede.

Securities / Derivatives

CSE Set to Implement New Index Calculation Methodology

By Duruthu E Chandrasekera | 18/11/2021

The current methodology has resulted in record high index levels from trading activity in stocks with little free float and actual liquidity.

Enforcement

Chinese Court Rules Executives, Auditors Liable for Kangmei Fraud

By Darien Choong | 17/11/2021

Kangmei Pharmaceutical, its executives and auditors will be held fully liable for CNY 2.5bn of investor losses in China’s first ever class action against corporate fraud.

Securities / Derivatives

Eurex to Expand KRX Link to Include KOSPI Weekly Options

By Editors | 16/11/2021

Investors will gain the ability to trade KOSPI 200 options with weekly expiries outside Korean trading hours, providing greater flexibility and risk management precision.

Securities / Derivatives

Korea Completes Development of Fractional Stock Trading System

By Sanday Chongo Kabange | 16/11/2021

20 securities firms will be able to launch fractional stock trading services using the KSD system as early as this year, depending on their readiness.

Securities / Derivatives

IOSCO to Update Regulatory Principles for Commodity Derivatives

By Editors | 16/11/2021

IOSCO says market authorities should establish a code of conduct for data providers, have a process to respond to unexpected disruptions, and analyse HFT and algo trading impacts.

Enforcement

Korea FSS Punishes 3 Brokerages Over Lime Asset Mis-selling

By Editors | 16/11/2021

Shinhan Investment and KB Securities were ordered to suspend parts of their operations for six months. Daishin Securities was ordered to close a branch.

Securities / Derivatives

Taiwan Formally Designates FSC as Crypto Industry Supervisor

By Editors | 16/11/2021

Cryptocurrency businesses will be listed under the category of “finance, insurance and real estate” and STOs will be listed under the securities firms subcategory.