Securities / Derivatives

Securities / Derivatives

SEBI Eases Lock-in Period for Promoters, Pre-IPO Investors

By Sanday Chongo Kabange | 11/08/2021

The lock-in period for promoters will be eased from 36 to 18 months. For pre-IPO investors, the lock-in will be reduced from 12 to 6 months.

AML / KYC

SFC Finalises Investor ID, OTC Securities Reporting Regimes

By Manesh Samtani | 11/08/2021

The investor identification regime is expected to be launched in H2 2022. The securities transactions reporting regime will go live in H1 2023.

Market Infrastructure

CSRC Accepts StanChart Application for Fully-owned China Brokerage

By Editors | 11/08/2021

The CSRC has accepted an application from Standard Chartered Bank Hong Kong to establish a fully owned securities unit in the mainland.

Enforcement

Former HKEX Exec Pleads Not Guilty to Corruption Charges

By Editors | 11/08/2021

The former co-head of HKEX’s IPO-vetting team, Eugene Yeoh, was arrested in June 2019 for alleged bribery and misconduct in public office.

Securities / Derivatives

Indian Startups Call on Govt to Allow Direct Overseas Listings

By Ranamita Chakraborty | 10/08/2021

Concerns that direct overseas listings will hurt the domestic market are unfounded, local startups said in a letter to the prime minister.

ESG / Sustainability

SGX to Consult on Sustainability Reporting Enhancements “Soon”

By Manesh Samtani | 10/08/2021

The consultation will seek views on incorporating the TCFD recommendations, specific metrics to improve data comparability, assurance requirements, and board diversity disclosures.

ESG / Sustainability

Japan FSA Seeks Better Quality ESG, Climate Disclosures

By Editors | 10/08/2021

The FSA plans to establish a new framework for the certification of ESG-related products. It is also exploring mandatory climate risk disclosures.

Securities / Derivatives

Australia Tweaks Fee Component of Super Fund Performance Test

By Editors | 10/08/2021

The test will be based on the most recent financial year of administration fees, rather than the past eight years, to incentivise fee reductions.

ESG / Sustainability

Thailand’s Proposed SME Board Falls Short of Market Needs

By Pongnut Thanaboonchai | 09/08/2021

The SEC’s proposed SME board is unlikely to facilitate access to capital for startups that are most in need of funding, says Pongnut Thanaboonchai.