Securities / Derivatives

Securities / Derivatives

CSRC Approves Four ETFs Tracking New SSE STAR 50 Index

By Editors | 26/09/2020

China Asset Management, E Fund Management, Huatai-PineBridge Fund Management and ICBC Credit Suisse Asset Management received approval.

Securities / Derivatives

Philippine Bourse Proposes to Ease Listing Rules

By Sanday Chongo Kabange | 26/09/2020

The minimum cap requirement for the Main Board is being removed in favour of a net income requirement. The criteria for the SME Board are also being relaxed.

Market Infrastructure

ASX Responds on Tranche 2 Rule Changes for CHESS Replacement

By Editors | 26/09/2020

The consultation on the 2nd tranche of rule changes covered operating rules relating to corporate actions, mFund and RTGS payment aspects for the new system.

AML / KYC

Stockbrokers’ Association Pushes Back Against AUSTRAC Proposal

By Manesh Samtani | 25/09/2020

AUSTRAC proposed in July to allow brokers to open accounts for new clients with flexibility to complete the customer identification procedure within five days.

Enforcement

New Zealand FMA Warns of Action Against Poor Conduct

By Editors | 25/09/2020

There are no excuses for conduct that presents the risk of harm to investors, customers and the integrity of the markets, says FMA chief Rob Everett.

Securities / Derivatives

Sumitomo Mitsui Under Fire for Miscounting Shareholder Votes

By Editors | 25/09/2020

Sumitomo Mitsui confirmed that 1,139 shareholder voting forms were not counted even though they were delivered in time.

Market Infrastructure

European Commission Grants 18 Months Equivalence to UK CCPs

By Editors | 25/09/2020

The European Commission says the decision will give financial market participants time to reduce their “excessive” exposures to UK-based CCPs.

Capital / Liquidity

India Establishes Netting Certainty for Bilateral OTC Derivatives

By Manesh Samtani | 24/09/2020

Parliament passed a bill providing legal basis for bilateral netting of OTC derivatives contracts which are not centrally cleared.

Securities / Derivatives

US Launches Three New Exchanges, Including MEMX

By Sanday Chongo Kabange | 24/09/2020

Long-Term Stock Exchange (LTSE) launched on 17 September; Members Exchange (MEMX) on 21 September; MIAX Pearl will launch on 25 September.