Securities / Derivatives

Market Infrastructure

DTCC Urges Readiness for MAS Derivatives Reporting Requirements

By Sanday Chongo Kabange | 12/08/2021

Finance companies, subsidiaries of banks in Singapore, insurers and CMS licence holders will come into scope for reporting from 1 October.

Securities / Derivatives

HKEX to Launch of New Options on Futures Contracts

By Editors | 12/08/2021

Before offering OOF products to clients, participants should ensure system readiness and that end clients understand the settlement mechanism and risk involved.

Securities / Derivatives

Australia Passes Amendments to Continuous Disclosure Laws

By Sanday Chongo Kabange | 12/08/2021

Companies can provide forward-looking guidance to the market without the fear of class actions if forecasts are found to be inaccurate.

Securities / Derivatives

CSRC to Increase Scrutiny on Fund Manager Governance

By Editors | 12/08/2021

The CSRC will revise certain rulesets and establish a new evaluation system to assess the quality of corporate governance at individual firms.

AML / KYC

BitMEX to Pay $100m in Civil Penalties for US Regulatory Breaches

By Editors | 12/08/2021

BitMEX unlawfully accepted orders and funds from US customers to trade cryptocurrencies and failed to have in place an AML and user verification programme.

Securities / Derivatives

Bursa Malaysia to Enhance Framework for Main Market Advisers

By Editors | 11/08/2021

The amendments will make available a wider pool of qualified corporate finance advisers to act as a Recognised Principal Adviser on the Main Market.

Securities / Derivatives

Singapore Sees Resurgence of ‘Pump and Dump’ Scams

By Editors | 11/08/2021

Seven victims recently bought more than 49,000 shares in a US-listed company based on the recommendation of an “expert” and lost over $1mn within two days.

Securities / Derivatives

Thai SEC Proposes More Flexible Rules for Fund Advertising

By Pongnut Thanaboonchai | 11/08/2021

More principle-based requirements will provide more flexibility to fund managers while still adequately protecting investors, the SEC said.

Securities / Derivatives

PBOC Scraps Rule Requiring Bond Issuers to Obtain Credit Rating

By Manesh Samtani | 11/08/2021

Requirements for bonds issued in the interbank market to obtain a credit rating have disincentivised rating agencies from properly disclosing credit risks.