Securities / Derivatives

Securities / Derivatives

ESMA Outlines Disclosure Expectations for SPACs

By Sanday Chongo Kabange | 18/07/2021

The guidance is aimed at enhancing the comprehensibility and comparability of SPAC prospectuses and ensuring investors are adequately protected.

AML / KYC

Bangladesh Brokerage Owners Accused of Embezzlement

By Editors | 17/07/2021

The BSEC has initiated an inquiry into Banco Securities, which has already had its trading suspended and bank account frozen amid embezzlement allegations.

Capital / Liquidity

CSRC Proposes New Rules for Subsidiaries of Futures Companies

By Editors | 17/07/2021

CNY 300 million in net capital will be required for a futures company to establish a subsidiary. The activities of overseas subsidiaries will be restricted.

Market Infrastructure

China Commences Trading on Newly Launched Carbon Market

By Sanday Chongo Kabange | 17/07/2021

Trading commenced on the Shanghai Environment and Energy Exchange on Friday, covering emissions from over 2000 power companies.

Securities / Derivatives

NAFMII Reprimands Bond Market Makers Over Round-trip Trades

By Sanday Chongo Kabange | 17/07/2021

NAFMII has given a notice of criticism to China Minsheng Bank and summoned Guosen Securities and Guangdong Nanyue Bank for regulatory talks.

Securities / Derivatives

Shanghai, Shenzhen Bourses Update Green Bond Guidelines

By Editors | 17/07/2021

Carbon neutrality bonds and blue bonds have been added under the green bond chapter. Requirements on the use of proceeds from such issuances are defined.

Securities / Derivatives

Exchanges Demonstrate Leadership in Sustainability Matters: WFE

By Editors | 17/07/2021

An annual WFE survey shows that ESG is increasingly becoming an integral part of exchanges’ strategies and ethos.

Enforcement

Hong Kong Stock Exchange Issues Revised Enforcement Policy

By Matt Emsley | 16/07/2021

Herbert Smith Freehills partners explain the implications of the Hong Kong Stock Exchange’s updated policy statement on Listing Rule enforcement.

Market Infrastructure

ISDA Publishes First Digital Definitional Book for Interest Rate Derivatives

By Editors | 16/07/2021

The digital format will create efficiencies in how firms use and interact with the definitions, reducing complexity and the potential for error, ISDA says.