SECURITIES / DERIVATIVES

Securities / Derivatives

HKEX Clears First Cross Currency Swaps for Japanese FIs

By Editors | 29/12/2020

Japan’s FSA granted HKEX’s OTC Clear a licence allowing it to offer clearing services to Japanese financial institutions in January 2020.

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.