SECURITIES / DERIVATIVES

    Enforcement

    US SEC Opens Preliminary Investigation into Archegos Collapse

    By Manesh Samtani | 06/04/2021

    Credit Suisse expects a $4.7bn loss from the collapse of Archegos. The bank has suspended share buybacks, cut its dividend, and announced the departure of seven key executives.

    Enforcement

    ASIC Bans Sale of Binary Options to Retail Clients

    By Editors | 05/04/2021

    The binary options ban will take effect from 3 May. A separate order imposing conditions on the issue and distribution of CFDs to retail clients has taken effect on 29 March.

    Big Picture

    ISDA, CCDC Outline Barriers to Using RMB Bonds as IM Collateral

    By Editors | 03/04/2021

    China has to address questions around close-out netting enforceability, which restrict the use of Chinese government bonds as IM in global derivatives markets.

    Securities / Derivatives

    HKEX Proposes to Streamline Listing Regime for Overseas Issuers

    By Manesh Samtani | 03/04/2021

    The proposed changes provide an easier path to a Hong Kong listing particularly for Chinese companies under pressure to delist from US exchanges.

    Securities / Derivatives

    PSE Proposes to Exempt AIFs from Lock-up Rules

    By Editors | 02/04/2021

    Currently, alternative investment funds that acquired shares 180 days before an IPO are subject to a 365-day lock-up period.

    ESG / Sustainability

    SEBI Approves Listing Rule Changes, New ESG Reporting Requirements

    By Editors | 02/04/2021

    The new reporting requirements set the stage for taking a leap for better disclosures in the ESG space in India, SEBI said.

    Securities / Derivatives

    CSRC to Explore Creation of Domestic Exchange for Overseas Firms

    By Editors | 02/04/2021

    Talks for the new exchange are reportedly in early stages. A time frame and location have not yet been decided.

    Market Infrastructure

    HKMA, BOJ Launch Cross-border DvP Link for JGBs

    By Editors | 02/04/2021

    The link supports DvP settlement of the HKD sale and repo transactions using JGB as collateral, eliminating settlement risk on such transactions.

    Securities / Derivatives

    SGX Opens Consultation on SPACs Listing Framework

    By Manesh Samtani | 02/04/2021

    At least 90 percent of IPO proceeds will have to be placed in escrow pending a SPAC’s acquisition of a target company.

    Securities / Derivatives

    ASX Finalises, Defers Listing Rule Changes to June

    By Editors | 01/04/2021

    The listing rule changes deal with online forms, notification of security issues and corporate action timetables.

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