SECURITIES / DERIVATIVES

Enforcement

CSRC Fines Fund Manager ¥1.1m for Fraud, Embezzlement

By Editors | 16/03/2021

Cornerstone Capital’s controlling shareholder was also fined for fabricating the financials of funds managed by the firm.

Securities / Derivatives

SZSE Launches Sci-Tech Innovation Bonds, Carbon-neutral Bonds

By Sanday Chongo Kabange | 16/03/2021

Sci-tech innovation bonds will be used to fund projects that support scientific and technological innovation. Carbon-neutral special bonds will fund low-carbon and emission reduction projects.

Securities / Derivatives

ASEAN Capital Markets Forum Endorses Action Plan for 2021-2025

By Editors | 16/03/2021

The action plan focuses on the objectives of fostering growth with sustainability; promoting inclusiveness; and strengthening orderliness and resilience.

Capital / Liquidity

FSC Korea Issues Revised Capital Markets Rules

By Sanday Chongo Kabange | 15/03/2021

The new rules prohibit investors from placing multiple orders for IPO subscription via multiple brokerages and improve Chinese wall regulations

Enforcement

Woori Accepts FSS Compensation Guideline for Lime Losses

By Editors | 15/03/2021

Woori will compensate investors who lost money from funds managed by Lime Asset Management in line with FSS recommendations.

AML / KYC

SFC Fines Sino-Rich Securities & Futures for AML Breaches 

By Editors | 15/03/2021

Sino-Rich Securities & Futures routinely processed 238 cash deposits and 269 third party transfers without adequate AML/CTF controls in place.

Securities / Derivatives

Global ESG Investing Qualification Launched by CFA Institute

By ESG Investor | 15/03/2021

Originally created by the CFA Society of the UK, the Certificate in ESG Investing will now be made available in financial hubs globally.

Securities / Derivatives

CSRC Mulls Tighter Listing Rules for STAR Market Stocks

By Ranamita Chakraborty | 15/03/2021

The revised rules are expected to emphasise the technology credentials and financial health of companies seeking a listing on the STAR Market.

Securities / Derivatives

Eurex to List KOSPI 200 Futures Product from 22 March

By Editors | 15/03/2021

Eurex already lists KOSPI 200 Options and Mini-KOSPI 200 Futures. The addition of KOSPI 200 Futures will offer trading, hedging and margin efficiencies.