SECURITIES / DERIVATIVES

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.

Market Infrastructure

Philippine SEC to Mandate New Cybersecurity Rules for Capital Markets

By Editors | 20/12/2020

Regulated entities will have to create a separate Information Security Group and appoint a Chief Information Security Officer.

AML / KYC

ISDA Offers Guidance on Addressing Sanctions in Trading Agreements

By Editors | 20/12/2020

The guidance note helps parties consider whether it may be appropriate to include specific sanctions provisions in ISDA documentation.

Market Infrastructure

CSRC Issues Draft Rules on Cybersecurity Incident Handling

By Editors | 20/12/2020

The draft rules provide new standards for categorising cybersecurity incidents based on severity, enhance incident reporting efficiency, and introduce added flexibility for punishments.

Securities / Derivatives

SFC Consults on Amendments to Code on Pooled Retirement Funds

By Editors | 20/12/2020

Given the wide participation in Hong Kong by employers and employees in ORSO schemes which invest in PRFs, appropriate investor protection should apply.