Securities / Derivatives

Securities / Derivatives

CSRC to Increase Scrutiny on Fund Manager Governance

By Editors | 12/08/2021

The CSRC will revise certain rulesets and establish a new evaluation system to assess the quality of corporate governance at individual firms.

AML / KYC

BitMEX to Pay $100m in Civil Penalties for US Regulatory Breaches

By Editors | 12/08/2021

BitMEX unlawfully accepted orders and funds from US customers to trade cryptocurrencies and failed to have in place an AML and user verification programme.

Securities / Derivatives

Bursa Malaysia to Enhance Framework for Main Market Advisers

By Editors | 11/08/2021

The amendments will make available a wider pool of qualified corporate finance advisers to act as a Recognised Principal Adviser on the Main Market.

Securities / Derivatives

Singapore Sees Resurgence of ‘Pump and Dump’ Scams

By Editors | 11/08/2021

Seven victims recently bought more than 49,000 shares in a US-listed company based on the recommendation of an “expert” and lost over $1mn within two days.

Securities / Derivatives

Thai SEC Proposes More Flexible Rules for Fund Advertising

By Pongnut Thanaboonchai | 11/08/2021

More principle-based requirements will provide more flexibility to fund managers while still adequately protecting investors, the SEC said.

Securities / Derivatives

PBOC Scraps Rule Requiring Bond Issuers to Obtain Credit Rating

By Manesh Samtani | 11/08/2021

Requirements for bonds issued in the interbank market to obtain a credit rating have disincentivised rating agencies from properly disclosing credit risks.

Securities / Derivatives

ASIC Finds ‘Robust’ Valuation Practices in Fund Industry

By Ranamita Chakraborty | 11/08/2021

Valuation practices for illiquid assets were robust, timely and consistent with regulatory guidance and industry standards, ASIC found in a review.

Securities / Derivatives

GIFT City Exchanges to Permit Trading in International Stocks

By Editors | 11/08/2021

India INX and NSE IFSC are planning to launch trading in international stocks to provide new opportunities to retail investors.

Securities / Derivatives

SEBI Eases Lock-in Period for Promoters, Pre-IPO Investors

By Sanday Chongo Kabange | 11/08/2021

The lock-in period for promoters will be eased from 36 to 18 months. For pre-IPO investors, the lock-in will be reduced from 12 to 6 months.