Securities / Derivatives

Enforcement

Nomura, UBS, UniCredit Fined for Participating in Trading Cartel

By Editors | 24/05/2021

During Europe’s sovereign debt crisis, the banks shared information about their EGB bidding and trading strategies in Bloomberg terminal chat rooms.

Securities / Derivatives

Korea Brokers Join Emissions Trading Scheme as Market Makers

By Editors | 24/05/2021

Participation by the brokerage firms as market makers will help reduce bid-ask spreads and keep Korea’s emissions trading market liquid.

Enforcement

S. Korea Revises Law to Strengthen Market Integrity

By Editors | 24/05/2021

The revisions will ease approval processes for financial investment businesses, including foreign firms, while also increasing penalties for stock manipulation.

ESG / Sustainability

TDCC, Glass Lewis Announce Partnership on Proxy Reports

By Sanday Chongo Kabange | 24/05/2021

The initiative will enable the TDCC to provide Taiwan issuers with proxy research reports, which will help to enhance transparency for investors.

Market Infrastructure

Hainan Unveils 3-Year Plan to Improve Investment Environment

By Sanday Chongo Kabange | 24/05/2021

The Hainan action plan encourages regional businesses to pursue financing by listing on both domestic and overseas exchanges.

Securities / Derivatives

SGX RegCo Extends Suspension of Issuer Watch-List

By Editors | 24/05/2021

The extension is to enable issuers to focus on Covid-19 related business and economic challenges and on dealing with any resultant liquidity crunch.

Enforcement

SEC Penalises S&P Dow Jones Indices for Disclosure Failure

By Ranamita Chakraborty | 22/05/2021

The SEC settled charges against S&P DJI for the dissemination of stale index values which resulted from an undisclosed quality control feature.

Securities / Derivatives

Shanghai, Shenzhen Bourses Consult on New Bond Issuance Rules

By Editors | 22/05/2021

Rules requiring issuers to have credit ratings are removed, investor rights protection mechanisms are enhanced, and obligations on intermediaries are strengthened.

Enforcement

HKEX Finalises Rule Changes to Enhance Market Quality

By Manesh Samtani | 21/05/2021

HKEX will increase the profit requirement to HKD 80 million in combined profits over the three years. Proposals to enhance its disciplinary powers and sanctions will also be adopted.