Securities / Derivatives

Enforcement

China SOEs Directed to Rein In Unauthorised Derivatives Trading

By Editors | 06/05/2021

SOEs are directed to ensure their subsidiaries are qualified and properly approved to trade financial derivatives, and able to manage the associated risk.

Securities / Derivatives

SFC May Have Doubts About Allowing SPAC Listings – Report

By Sanday Chongo Kabange | 06/05/2021

HKEX is preparing to consult the market by end-June at the earliest. However, market participants believe the odds are low that SPACs will be allowed in Hong Kong.

Enforcement

HKEX Proceeds to Delist Shares of Convoy Global Holdings

By Sanday Chongo Kabange | 06/05/2021

HKEX says its Listing Review Committee has upheld the May 2020 decision to cancel the listing of Convoy Global Holdings.

Securities / Derivatives

BSEC Allows Foreign Companies to Sponsor Mutual Funds

By Editors | 06/05/2021

Foreign companies will be allowed to become sponsors of mutual funds, subject to a maximum contribution of 25 percent of the find size.

Market Infrastructure

Mitigating FX Settlement Risk in Japan’s Pensions Industry

By Margaret Law | 06/05/2021

Margaret Law and Makoto Miyazaki discuss the need for Japanese pension funds to adopt PvP settlement to mitigate FX settlement risk.

Enforcement

ASIC Files Suit Against Westpac for Alleged Insider Trading

By Editors | 05/05/2021

ASIC says Westpac traded interest rate derivatives to pre-position itself while knowing it would be selected to execute a A$12bn interest rate swap hours later.

Securities / Derivatives

HKEX to Lessen Profit Requirement Hike for Main Board IPOs

By Manesh Samtani | 05/05/2021

The three-year profit requirement will be raised from HK$50mn to HK$80mn, compared to the HK$125mn or HK$150mn options proposed in November.

Securities / Derivatives

KRX Mulls Additional Measures to Attract Unicorn Listings

By Sanday Chongo Kabange | 05/05/2021

Ahead of the introduction of dual-class shares, KRX will provide guidelines to help founders secure management rights jointly with other large shareholders.

Securities / Derivatives

Australia Consults on New Requirements for Proxy Advisers

By Ranamita Chakraborty | 05/05/2021

The Treasury is proposing that proxy advisers be required to obtain an AFS License, among other requirements aimed at increasing transparency.