SECURITIES / DERIVATIVES

Securities / Derivatives

KRX Seeks Introduction of Dual-Class Share System

By Sanday Chongo Kabange | 08/04/2021

A dual-class share system would help more unicorns to consider listing in the local market, KRX chairman Sohn Byung-doo says.

Big Picture

Exchanges Seek Better Calibration of Circuit Breakers: WFE

By Editors | 08/04/2021

Eleven exchanges recalibrated their circuit breakers during the pandemic or as a consequence of it, according to a new WFE paper.

Enforcement

SFC Wins Final Appeal in 2007 Insider Dealing Case

By Manesh Samtani | 07/04/2021

The Market Misconduct Tribunal and Court of Appeal both ruled against the SFC before the case was brought to the Court of Final Appeal.

ESG / Sustainability

Japan FSA Issues Proposal to Revise Corporate Governance Code

By Manesh Samtani | 07/04/2021

The changes will improve board independence, promote board diversity, and enhance climate-related and ESG disclosures by top-tier listed companies.

Securities / Derivatives

BlackRock Paves Way for Mutual Fund Business in China

By Editors | 07/04/2021

BlackRock has withdrawn its private fund manager registration to pave the way for the launch of its new wholly-owned mutual fund unit in China.

Enforcement

SFC Adds ‘Ramp-and-Dump’ Syndicate Member to Wanted List

By Editors | 07/04/2021

An arrest warrant was issued for Zeng Lingxi, an alleged member of a syndicate suspected of operating ramp-and-dump scams on social media.

Securities / Derivatives

Korea Set to Introduce Tougher Penalties for Illegal Short Selling

By Editors | 06/04/2021

Illegal short sellers can face fines of up to 100% of the amount of the short selling order, imprisonment for a year or more, and additional penalties up to five times unfair profits.

Securities / Derivatives

FCA to Consult on Stronger Protections for SPAC Investors

By Editors | 06/04/2021

The consultation will consider enhanced disclosure requirements, a minimum market cap and a redemption option for investors.

Securities / Derivatives

PBOC Optimises Interbank Bond Market Circulation Mechanism

By Editors | 06/04/2021

Bond registration, depository and clearing institutions will establish direct connections with the interbank bond market to enable electronic transmission of information.