Securities / Derivatives

Securities / Derivatives

SEBI Allows Foreign Funds to Transfer Securities to IFSC Off-Market

By Editors | 07/06/2021

Off-market transfers lower the costs associated with relocating funds to Gift City and make it a more attractive investment destination.

Enforcement

Hong Kong: Appeals Tribunal Overturns Ban Against UBS Banker

By Editors | 07/06/2021

The SFAT concluded that the former UBS banker cannot be held personally responsible for the failings of the China Metal Recycling transaction team.

Securities / Derivatives

SEBI Enters MOU with Luxembourg Securities Regulator

By Editors | 07/06/2021

The MOU will facilitate mutual assistance, supervisory cooperation, and effective enforcement in the securities markets.

Securities / Derivatives

SEBI Defers Fund Disclosure Rule by Three Months

By Editors | 04/06/2021

New rules for the disclosure of scheme risk-o-meters, performance and portfolio details will be implemented on 1 September instead of 1 June.

AML / KYC

Biden Executive Order Amends, Clarifies China Blacklist

By Manesh Samtani | 04/06/2021

The revised EO is clearer, addresses many of the problem areas in the old EO, and is more enforceable, says Nick Turner at Steptoe & Johnson.

Securities / Derivatives

China’s SAFE Awards $10.3bn Worth of New QDII Quotas

By Editors | 04/06/2021

The new quotas, awarded to 17 institutions, represent the largest approval by SAFE in the history of the QDII scheme.

Market Infrastructure

Singapore Seeks to Enhance VCC Fund Structure

By Manesh Samtani | 04/06/2021

The enhancements will expand the types of investors that can use the VCC and ease conversion and redomiciliation processes.

Securities / Derivatives

SEBI Raises Overseas Investment Limits for Mutual Funds

By Editors | 03/06/2021

The overseas investment limit was raised from $600mn to $1bn. For investments in overseas ETFs, the limit was raised from $200mn to $300mn.

Securities / Derivatives

Hong Kong Passes Bill to Increase Stamp Duty on Stock Trades

By Manesh Samtani | 03/06/2021

HKEX has asked market participants to prepare their systems in preparation for the 1 August stamp duty increase.