SECURITIES / DERIVATIVES

    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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