SECURITIES / DERIVATIVES

Securities / Derivatives

CSRC Issues Revised Disclosure Rules for Listed Companies

By Editors | 25/03/2021

The new rules introduce additional safeguards against insider trading and improve the timing of disclosure of major events.

Securities / Derivatives

HK OTC Derivatives Licensing Regime Closer to Implementation

By Scott Carnachan | 25/03/2021

Amendments to Hong Kong’s OTC derivatives licensing regime have been introduced in LegCo. Scott Carnachan at Deacons discusses the changes.

Enforcement

CSRC Bans Haitong Securities from Advisory Work for One Year

By Editors | 25/03/2021

The CSRC said Haitong did not effectively control risk in its bond business dealings, which resulted in Yongcheng Coal’s CNY 1 billion default.

Securities / Derivatives

US SEC Consults on ‘Holding Foreign Companies Accountable’ Rules

By Editors | 25/03/2021

The SEC is seeking public comments on its process for identifying companies that fail to meet the new standards, as well as submission and disclosure requirements.

Enforcement

SFC Fines GEO Securities for Breaching Licence Conditions

By Editors | 25/03/2021

The firm also did not have effective controls in place for product due diligence, client risk tolerance assessment, and record-keeping.

ESG / Sustainability

ISLA Pledges to Support ESG Objectives in Securities Lending

By Sanday Chongo Kabange | 24/03/2021

ISLA says it will lead workstreams on five key action points to help share the securities lending market’s response to ESG challenges.

Market Infrastructure

SEBI Issues Guidelines for MIIs on Handling Disruptions

By Sanday Chongo Kabange | 24/03/2021

The new guidelines follow last month’s trading halt at the NSE. The exchange has submitted a root cause analysis to SEBI.

Enforcement

Malaysia SC Probes Share Disposals by AmBank Execs

By Sanday Chongo Kabange | 23/03/2021

Seven executives sold a combined MYR 1.63 million in shares on the same two days in December, just two months ahead of AmBank’s 1MDB settlement.

Enforcement

CBA, ANZ to Settle 2016 Lawsuit Involving BBSW Manipulation

By Editors | 23/03/2021

The case was initially launched by two US hedge funds and a US-based derivatives trader, alleging they suffered losses due to bank manipulation of the BBSW.