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Enforcement
SFC Adds ‘Ramp-and-Dump’ Syndicate Member to Wanted List
By Editors | 07/04/2021
An arrest warrant was issued for Zeng Lingxi, an alleged member of a syndicate suspected of operating ramp-and-dump scams on social media.
Securities / Derivatives
Korea Set to Introduce Tougher Penalties for Illegal Short Selling
By Editors | 06/04/2021
Illegal short sellers can face fines of up to 100% of the amount of the short selling order, imprisonment for a year or more, and additional penalties up to five times unfair profits.
Securities / Derivatives
FCA to Consult on Stronger Protections for SPAC Investors
By Editors | 06/04/2021
The consultation will consider enhanced disclosure requirements, a minimum market cap and a redemption option for investors.
Securities / Derivatives
PBOC Optimises Interbank Bond Market Circulation Mechanism
By Editors | 06/04/2021
Bond registration, depository and clearing institutions will establish direct connections with the interbank bond market to enable electronic transmission of information.
Enforcement
US SEC Opens Preliminary Investigation into Archegos Collapse
By Manesh Samtani | 06/04/2021
Credit Suisse expects a $4.7bn loss from the collapse of Archegos. The bank has suspended share buybacks, cut its dividend, and announced the departure of seven key executives.
Enforcement
ASIC Bans Sale of Binary Options to Retail Clients
By Editors | 05/04/2021
The binary options ban will take effect from 3 May. A separate order imposing conditions on the issue and distribution of CFDs to retail clients has taken effect on 29 March.
Big Picture
ISDA, CCDC Outline Barriers to Using RMB Bonds as IM Collateral
By Editors | 03/04/2021
China has to address questions around close-out netting enforceability, which restrict the use of Chinese government bonds as IM in global derivatives markets.
Securities / Derivatives
HKEX Proposes to Streamline Listing Regime for Overseas Issuers
By Manesh Samtani | 03/04/2021
The proposed changes provide an easier path to a Hong Kong listing particularly for Chinese companies under pressure to delist from US exchanges.
Securities / Derivatives
PSE Proposes to Exempt AIFs from Lock-up Rules
By Editors | 02/04/2021
Currently, alternative investment funds that acquired shares 180 days before an IPO are subject to a 365-day lock-up period.
ESG / Sustainability
SEBI Approves Listing Rule Changes, New ESG Reporting Requirements
By Editors | 02/04/2021
The new reporting requirements set the stage for taking a leap for better disclosures in the ESG space in India, SEBI said.
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