SECURITIES / DERIVATIVES

Securities / Derivatives

SEBI Drafts New Rules for Independent Directors of Listed Companies

By Editors | 02/03/2021

SEBI proposes to introduce a ‘dual approval’ system where appointments of independent directors must be approved by both majority and minority shareholders.

Capital / Liquidity

FSB Urges Indonesia to Further Advance OTC Derivatives Reforms

By Editors | 02/03/2021

Indonesia needs to address legal uncertainties relating to netting for derivatives transactions in bankruptcy to facilitate central clearing and margin requirements.

Market Infrastructure

What Does T+1 Settlement in the US Mean for Asia?

By Tony Freeman | 02/03/2021

Industry veteran Tony Freeman discusses how a move to one-day settlement in the US will impact investors in Asia.

ESG / Sustainability

SEBI to Issue ESG Disclosure Guidelines for Listed Companies

By Editors | 02/03/2021

Chairman Ajay Tyagi said SEBI will issue new guidelines “soon”, with a view to achieving greater transparency and accountability from listed companies on ESG.

Securities / Derivatives

Hang Seng Index to Expand Constituency to 100 Stocks

By Manesh Samtani | 02/03/2021

The changes will be implemented starting from the May 2021 index review and effective in the June 2021 index rebalancing.

Securities / Derivatives

Australian Senator Seeks to End Short Selling by Super Funds

By Editors | 01/03/2021

Senator Gerard Rennick says short selling practices are an example of how superannuation funds aren’t protecting the interests of their members.

Securities / Derivatives

SZSE Launches Technical Systems for Publicly Offered REITs

By Sanday Chongo Kabange | 01/03/2021

A review system, information disclosure website and offline offering system went live on 1 March, completing the SZSE’s technical preparatory work for a national REITs pilot programme.

Enforcement

ASIC Launches Suit Against CBA Units Over Compliance Failures

By Editors | 01/03/2021

Commonwealth Bank said the issues arose from errors such as IT system coding or systems issues, human error and/or data entry errors.

Securities / Derivatives

RBI Eases Foreign Investor Access to Defaulted Bonds

By Editors | 01/03/2021

The RBI says FPIs will be exempt from the residual maturity requirement, investment limit and investor limit when investing in defaulted corporate bonds.