Securities / Derivatives

Enforcement

Two Ex-Deutsche Traders Convicted in Spoofing Case

By Sanday Chongo Kabange | 29/09/2020

The two former traders were found guilty of fraud charges for their respective roles in manipulating gold and silver futures prices.

Enforcement

Seoul Court Sentences Ex-Shinhan Exec to Eight Years’ Jail

By Sanday Chongo Kabange | 29/09/2020

The former executive was convicted for accepting bribes, deceiving investors, concealing losses in Lime Asset Management fund products.

Securities / Derivatives

SEBI Considers ‘Backstop Facility’ for Debt Mutual Funds

By Duruthu E Chandrasekera | 29/09/2020

The backstop facility would have to be able to buy relatively illiquid investment-grade corporate bonds from mutual funds in times of stress.

Enforcement

SFC Fines China Everbright Over Expired Standing Authority

By Editors | 29/09/2020

The standing authority used to pledge client securities to obtain credit lines from banks was not renewed due to a miscommunication between compliance teams.

Securities / Derivatives

Malaysia Extends Margin Financing Flexibilities to Year-end

By Editors | 29/09/2020

The temporary margin financing relief measures due to expire on 30 September will be extended to 31 December 2020.

Securities / Derivatives

HKEX Launches Five New MSCI Futures Contracts

By Editors | 29/09/2020

The bourse operator also plans to launch an MSCI Taiwan options contract later this year, subject to regulatory approvals and market conditions.

Securities / Derivatives

Singapore’s iFAST to Launch China Private Fund Manager Business

By Editors | 28/09/2020

iFAST Corporation expects to start selling private funds to qualified onshore individual and institutional investors in China in early 2021.

Securities / Derivatives

Korea Considers Capping Margin Lending, Underwriting Fees

By Editors | 28/09/2020

Interest rates on margin accounts vary between 4.5% and 9%; underwriting fees vary between 1% and 6% of the total value of the shares.

Securities / Derivatives

Taiwan FSC Considers Changes to Capital Market Rules

By Sanday Chongo Kabange | 28/09/2020

The FSC is examining whether to encourage the development of Internet-only securities companies to cater to investors who are increasingly placing orders online.