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Securities / Derivatives
NYSE Gets SEC Green Lights to Allow Direct Listings
By Editors | 29/12/2020
Companies will be able to directly sell shares in an auction without a traditional underwriter, enabling investors to participate in new listings more readily.
Enforcement
CBIRC Takes Control of Trust Company Accused of Embezzlement
By Editors | 24/12/2020
A joint working team comprising CBIRC and local government officials was dispatched to Sichuan Trust to supervise operations and carry out a management reshuffle.
AML / KYC
SFC to Require OFCs to Appoint Responsible Person for AML
By Editors | 23/12/2020
The requirement replaces an earlier proposal for OFCs to maintain a significant controllers register, which was deemed too operationally burdensome.
Securities / Derivatives
Shanghai International Energy Exchange Optimises FX Conversion Model
By Editors | 23/12/2020
To date, FX conversion has been carried out daily. Under the new model, FX conversion can be carried out for overseas participants on a monthly basis.
Enforcement
SFC Fines Fulbright Securities Over Short Selling Controls
By Editors | 23/12/2020
Fulbright Securities failed to detect and prevent illegal short selling failures in at least 93 instances over a period of at least six months.
Securities / Derivatives
To 2021 And Beyond – A Regulator’s Perspective
By Boon Gin Tan | 23/12/2020
SGX RegCo chief Boon Gin Tan says sustainability is now a new fiduciary responsibility, and expectations in this area have never been higher.
Securities / Derivatives
Hang Seng Index Operator Seeks ‘More Balanced Representation’
By Editors | 22/12/2020
Hang Seng Indexes Company proposes to increase the number of constituent stocks in the HSI, lower the weight cap, and remove the minimum listing history requirement.
Securities / Derivatives
CSRC Grants Deutsche Bank Fund Custody Licence in China
By Editors | 22/12/2020
Deutsche Bank has become the second foreign bank to be granted a domestic fund custody licence in China, just months after rules were finalised for granting such approvals.
Securities / Derivatives
China to Accelerate Development of Domestic Derivatives Market
By Sanday Chongo Kabange | 22/12/2020
China’s financial futures and options market “far lags” market participants’ growing needs to manage their risks, said CSRC vice chairman Fang Xinghai.
Big Picture
ASIFMA Offers Recommendations to Address ESG Data Challenges
By Editors | 22/12/2020
The report, released by ASIFMA and FOSDA, says the recommendations are critical to supporting and enabling the further development of green and sustainable markets in Asia.
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