Securities / Derivatives

Market Infrastructure

Tokyo Bourse Outlines Plans to Enhance Cash Equity Market

By Manesh Samtani | 31/10/2021

The TSE will extend its trading day by 30 minutes alongside a major trading system upgrade in 2024. A five-minute closing auction session may also be introduced.

Securities / Derivatives

HKEX Proposes Changes to Rules Governing Share Schemes

By Editors | 31/10/2021

Listed companies will be able to grant no more than 10 percent of their total shares in share award or option schemes.

Securities / Derivatives

SFC Finalises Conduct Rules for Bookbuilding, Placing Activities

By Manesh Samtani | 31/10/2021

New requirements on bookbuilding, pricing, allocation and placing activities will take effect in August 2022, the SFC said.

Securities / Derivatives

China to Continue Tax Exemptions for Foreign Bond Investors

By Editors | 31/10/2021

Exemptions from corporate income tax and value-added tax due to expire on 6 November will be extended until 31 December 2025.

Securities / Derivatives

HKMA, SFC Direct Intermediaries to Improve Client Trade Practices

By Editors | 30/10/2021

Intermediaries have been required to undertake remedial action to address non-compliance with transaction-related disclosure requirements.

Enforcement

CBIRC Shanghai Launches Crackdown on Coal Price Speculation

By Editors | 29/10/2021

The CBIRC’s Shanghai bureau has banned the use of bank and insurance funds to influence the commodity market, as China faces nationwide power shortages.

Securities / Derivatives

SFC Finalises Changes to Code on Pooled Retirement Funds

By Editors | 29/10/2021

The amendments include enhanced requirements for PRF operators including product providers, trustees, management companies and insurance companies.

ESG / Sustainability

Japan Developing Certification Framework For ESG Related Bonds

By Mark Johnston | 29/10/2021

Japan’s FSA will also formulate codes of conduct for ESG evaluation organisations, covering transparency, fairness, and good governance.

Market Infrastructure

China Proposes Revisions to CPA Law to Improve Audit Quality

By Editors | 28/10/2021

The revisions allow for foreign regulators to sign a regulatory cooperation agreement or memorandum with the State Council if they wish to access audit work papers.