Securities / Derivatives

AML / KYC

SFC Suspends Former Emperor Representative for 2 Years

By Manesh Samtani | 01/09/2021

The broker transferred client money through bank accounts he owned to help two clients transfer money to/from the Mainland, among other violations.

Securities / Derivatives

BlackRock Launches First Retail Fund Through New China Unit

By Editors | 01/09/2021

The fund will be distributed by three Chinese lenders. BlackRock plans to roll out passively-managed funds in China in the future as well.

Securities / Derivatives

Australia Issues Consultation to Finalise CCIV Regime

By Sanday Chongo Kabange | 31/08/2021

The CCIV regime will offer a more flexible and tax-efficient corporate structure for fund managers. The regime is targeted to commence from 1 July 2022.

Securities / Derivatives

Korea FSS Outlines Key Risks of Investment in SPACs

By Manesh Samtani | 31/08/2021

13 SPAC IPOs in Korea this year were oversubscribed 169.4 to 1. Historically, 85 of 133 SPACs completed mergers, a success rate of 63.9%.

Securities / Derivatives

CSRC Considers Barring Data-Heavy Firms from Listing Overseas

By Sanday Chongo Kabange | 30/08/2021

The CSRC is drafting rules that would prohibit Internet firms holding large amounts of user-related data from listing overseas, targeting firms with VIE structures.

Enforcement

US SEC, BaFin Probe DWS Over ESG Investment – Reports

By Editors | 30/08/2021

The former global head of sustainability at DWS alleges that the firm overstated how many assets had been screened against ESG criteria.

Securities / Derivatives

China: Banks Asked to Comply with New WMP Rules Faster

By Editors | 30/08/2021

Banks are asked to start valuing newly invested fixed-term open-ended WMP assets based on market value starting from 1 September.

Enforcement

HK Police Arrest Two in Corporate Fraud Case

By Editors | 30/08/2021

The arrests were made following a joint operation with the SFC against a listed company and its former senior executives suspected of corporate fraud involving HK$450mn.

Market Infrastructure

ASIFMA Warns SEBI Against Move to T+1 Settlement

By Ranamita Chakraborty | 30/08/2021

SEBI has established a panel of experts to look into moving from T+2 to T+1. ASIFMA says such a move will prove problematic for global investors.