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Sanctions
HKMA May Replace State Street as Manager of Tracker Fund
By Editors | 13/01/2021
State Street will no longer be able to buy shares in companies sanctioned by the US, including China Mobile and China Unicom.
ESG / Sustainability
ISDA Catalogues Universe of ESG-related Derivatives
By Editors | 13/01/2021
The derivatives markets can play an essential role in facilitating the transition to a sustainable economy, ISDA says in a new paper.
ESG / Sustainability
SGX RegCo Chief Outlines Work Programme for H1 2021
By Manesh Samtani | 13/01/2021
SGX RegCo chief Boon Gin Tan outlined timelines for enhancements to its enforcement framework, sustainability reporting rules, and retail bonds framework, among other initiatives.
Market Infrastructure
DSB Launches Consultation on Fee Structure for UPI
By Editors | 12/01/2021
Market participants are invited to provide feedback on the assumptions and proposals that will underpin the fee model for the UPI.
Securities / Derivatives
SGX RegCo Raises Audit, Valuation Standards for Listed Firms
By Manesh Samtani | 12/01/2021
Primary-listed issuers must appoint an ACRA-registered auditor, and only use property valuers that meet certain qualification criteria.
Market Infrastructure
SEBI Proposes to Ease Stock Exchange Ownership Norms
By Editors | 12/01/2021
Domestic promoters will be allowed to own 100% of a newly set-up stock exchange or depository for up to 10 years. Foreign promoters will be allowed to own up to 49%.
Market Infrastructure
CCPs Should Limit Procyclical Changes to Initial Margin: ISDA
By Editors | 11/01/2021
Procyclical changes to initial margin levels ended up draining liquidity from the market and contributing to market stress during the March/April market turmoil.
Securities / Derivatives
CSRC Issues Final Rules on Convertible Corporate Bonds
By Editors | 11/01/2021
The rules require trading venues to improve trading rules, enhance risk monitoring, and establish appropriate investor suitability and information disclosure rules.
Enforcement
FSS Korea to Probe Samsung Securities for Regulatory Violations
By Editors | 11/01/2021
The FSS will look into whether loans granted to executives violated the capital market law and whether the firm influenced a merger involving one of its subsidiaries.
Securities / Derivatives
HKEX Launches Familiarisation Programme for New Risk Engine
By Editors | 11/01/2021
A familiarisation programme has been launched to allow clearing participants to retrieve margin related reports calculated based on the new ORP risk models.
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