Securities / Derivatives

Capital / Liquidity

HKMA Intends to Bring ‘Stay Rules’ into Operation in 2021

By Editors | 03/01/2021

Implementation will occur in two phases, the first for contracts where the only counterparties are HKMA-authorised institutions and/or FIs that are part of G-SIBs.

Securities / Derivatives

SC Malaysia Issues Guidance to Address Unlicensed Investment Advice

By Editors | 03/01/2021

An increasing number of social media, chat room and messaging applications are providing stock recommendations or investment advice to the public for a fee.

Securities / Derivatives

China Unifies Disclosure Requirements for Corporate Bond Issuance

By Editors | 03/01/2021

The rules apply to companies issuing enterprise debt financing instruments, corporate bonds and enterprise bonds, whether in the interbank market or on exchanges.

Securities / Derivatives

Daiwa Securities Joint Venture Granted Beijing Business Licence

By Editors | 03/01/2021

The business licence makes Daiwa Securities (China) Co Ltd the fourth foreign-owned joint venture securities firm in Beijing.

AML / KYC

OFAC Extends Chinese Military Company Ban to Subsidiaries

By Editors | 03/01/2021

In a set of FAQs, OFAC has clarified that Executive Order 13959 also applies to subsidiaries, derivatives, ETFs, index funds and mutual funds.

Enforcement

China: Revised Criminal Law Raises Penalties for Capital Market Offences

By Editors | 02/01/2021

The amendments focus on fraudulent issuance, information disclosure falsification, provision of false certification documents by intermediaries, and market manipulation.

Securities / Derivatives

Korea Set to Establish ‘New Deal’ Fund in March 2021

By Editors | 02/01/2021

The application process for private fund managers to set up and manage feeder funds under the New Deal fund began in December 2020.

Enforcement

Taiwan FSC Fines KGI Securities Over Poor Internal Controls

By Editors | 31/12/2020

The case relates to the August suicide of a former KGI Securities employee, who suffered large investment losses as a result of illegal futures trades for his clients.

Securities / Derivatives

Tokyo Bourse Reorganisation to Take Effect in April 2022

By Editors | 31/12/2020

Companies will be able to choose which section they want to be listed on between September and December 2021, and JPX will announce the results in January 2022.