Securities / Derivatives

Market Infrastructure

SEBI Approves Proposals for Gold Exchange, Social Stock Exchange

By Editors | 01/10/2021

SEBI will allow trading in electronic gold receipts. A social stock exchange will be created. Regulations on related party transactions have been strengthened.

Market Infrastructure

Open Letter from FPIs to SEBI on T+1 Settlement

By Editors | 30/09/2021

ASIFMA, Asia TraderForum and The Investment Association have issued an open letter on behalf of FPIs asking SEBI to delay implementation of T+1 settlement.

Enforcement

CSRC Issues Draft Rules Promoting ‘Honest’ Investment Banking

By Editors | 30/09/2021

The draft rules require investment banking intermediaries to strengthen risk control and strictly prohibit the use of below-market pricing to win business.

Securities / Derivatives

SEBI Updates Risk Management Framework for Mutual Funds, AMCs

By Editors | 30/09/2021

Mutual funds and AMCs will be required to maintain mandatory metrics on investment risk, liquidity risk and credit risk, and perform stress tests at least monthly.

Securities / Derivatives

APRA Revises Investment Governance Standards for Super Funds

By Editors | 29/09/2021

A new consultation proposes enhancements to stress testing, valuation and liquidity management practices that will take effect from 1 January 2023.

ESG / Sustainability

SEC Issues Climate Reporting ‘Wake-Up Call’ to Listed Companies

By ESG Investor | 29/09/2021

Letters from the SEC covering topics such as materiality demonstrate the agency’s commitment to climate, says Aniket Shah at Jefferies.

Market Infrastructure

RBA Issues Recommendations to Address Risk Issues at ASX

By Editors | 29/09/2021

The RBA has asked ASX to address operational risk and governance issues, as well as develop a framework to address margin procyclicality.

Securities / Derivatives

PCAOB Adopts Rule on Delisting ‘Non-compliant’ Chinese Firms

By Sanday Chongo Kabange | 29/09/2021

The new rule could result in mass delistings of Chinese companies from the US market in 2024 unless the PCAOB is granted access to inspect Chinese audits.

Market Infrastructure

Singapore Seeks to Become Global Hub for Carbon Trading

By Editors | 29/09/2021

To scale up carbon trading in the city, Singapore plans to work with Climate Impact X, a collaboration between SGX, DBS, Standard Chartered and Temasek.