SECURITIES / DERIVATIVES

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.

Securities / Derivatives

FSC Korea Unveils Additional Measures to Curb Illegal Short Selling

By Editors | 21/12/2020

The FSC will place new restrictions on market makers, revamp the rebate system, and set up a new monitoring system to detect illegal short selling activity.

Securities / Derivatives

China Seeks to Improve Market Quality with New Delisting Rules

By Editors | 21/12/2020

Companies will be automatically delisted if their shares close below 1 yuan, or their market value remains below 300mn yuan, for 20 consecutive trading days.

Enforcement

US SEC Penalises Robinhood $65m for Misleading Customers

By Sanday Chongo Kabange | 21/12/2020

The SEC said Robinhood misled customers into believing trading was commission free, while it executed customers’ orders at inferior trade prices costing them $34mn.

Market Infrastructure

ASIC Probes Market Participants for Possible Best Execution Failures

By Manesh Samtani | 21/12/2020

ASIC is concerned Chi-X as an alternative venue did not see more trading activity during ASX’s November outage, as would be expected given participants’ best execution duty to clients.

Securities / Derivatives

HKMA Surveys PE Firms Seeking to Help Manage HK Growth Portfolio

By Editors | 21/12/2020

Interested private equity firms, local and overseas, are invited to take part in the survey on or before 22 January 2021.

Securities / Derivatives

APRA Intensifies Scrutiny of Underperforming Super Funds

By Editors | 21/12/2020

APRA will issue notices requiring eight trustees to provide information on the actions being taken to address underperformance. Formal enforcement powers may be used “where appropriate”.

Securities / Derivatives

Hong Kong Bourse to Introduce Paperless IPO Regime in July

By Editors | 21/12/2020

From 5 July 2021, listing documents must be published solely in an electronic format, and new subscriptions must be made through online channels only.

Securities / Derivatives

FMA Clarifies Expectations on Use of Overseas Research in New Zealand

By Editors | 20/12/2020

Overseas firms without a New Zealand financial advice licence can supply research reports to licensed New Zealand firms, but not to retail clients.