SECURITIES / DERIVATIVES

    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.

    Securities / Derivatives

    Bursa Malaysia, Global Compact to Collaborate on Sustainability Agenda

    By Editors | 20/12/2020

    The collaboration will include the development of a Corporate Sustainability Competency Framework, which will serve as a reference for corporate sustainability professionals.

    AML / KYC

    PBOC Publishes Roadmap for Full LEI Adoption in China

    By Manesh Samtani | 18/12/2020

    By end 2022, LEIs will be used in securities and derivatives trading, risk monitoring, regulatory reporting, listed company supervision and the digital yuan ecosystem.

    Securities / Derivatives

    China Fund Managers Prepare to Launch Cross Market Bond ETFs

    By Editors | 17/12/2020

    Five fund managers have reportedly applied to launch bond index funds that can be traded on the Shanghai exchange, Shenzhen exchange, or the interbank market.

    Enforcement

    US SEC Settles Luckin Coffee Fraud Charges for $180m

    By Editors | 17/12/2020

    Luckin materially misstated its revenue, expenses, and net operating loss to falsely appear to achieve rapid growth and increased profitability, the SEC said.

    Securities / Derivatives

    Euroclear Bank, Japan Launch New Asset Class: ‘Origami Bonds’

    By Editors | 17/12/2020

    Japanese cities Kobe and Yokohama as well as Shizuoka Prefecture were the first three issuers to utilise the new Origami bond structure.

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