Securities / Derivatives

    ESG / Sustainability

    Japan FSA Issues Proposal to Revise Corporate Governance Code

    By Manesh Samtani | 07/04/2021

    The changes will improve board independence, promote board diversity, and enhance climate-related and ESG disclosures by top-tier listed companies.

    Securities / Derivatives

    BlackRock Paves Way for Mutual Fund Business in China

    By Editors | 07/04/2021

    BlackRock has withdrawn its private fund manager registration to pave the way for the launch of its new wholly-owned mutual fund unit in China.

    Enforcement

    SFC Adds ‘Ramp-and-Dump’ Syndicate Member to Wanted List

    By Editors | 07/04/2021

    An arrest warrant was issued for Zeng Lingxi, an alleged member of a syndicate suspected of operating ramp-and-dump scams on social media.

    Securities / Derivatives

    Korea Set to Introduce Tougher Penalties for Illegal Short Selling

    By Editors | 06/04/2021

    Illegal short sellers can face fines of up to 100% of the amount of the short selling order, imprisonment for a year or more, and additional penalties up to five times unfair profits.

    Securities / Derivatives

    FCA to Consult on Stronger Protections for SPAC Investors

    By Editors | 06/04/2021

    The consultation will consider enhanced disclosure requirements, a minimum market cap and a redemption option for investors.

    Securities / Derivatives

    PBOC Optimises Interbank Bond Market Circulation Mechanism

    By Editors | 06/04/2021

    Bond registration, depository and clearing institutions will establish direct connections with the interbank bond market to enable electronic transmission of information.

    Enforcement

    US SEC Opens Preliminary Investigation into Archegos Collapse

    By Manesh Samtani | 06/04/2021

    Credit Suisse expects a $4.7bn loss from the collapse of Archegos. The bank has suspended share buybacks, cut its dividend, and announced the departure of seven key executives.

    Enforcement

    ASIC Bans Sale of Binary Options to Retail Clients

    By Editors | 05/04/2021

    The binary options ban will take effect from 3 May. A separate order imposing conditions on the issue and distribution of CFDs to retail clients has taken effect on 29 March.

    Big Picture

    ISDA, CCDC Outline Barriers to Using RMB Bonds as IM Collateral

    By Editors | 03/04/2021

    China has to address questions around close-out netting enforceability, which restrict the use of Chinese government bonds as IM in global derivatives markets.

    Securities / Derivatives

    HKEX Proposes to Streamline Listing Regime for Overseas Issuers

    By Manesh Samtani | 03/04/2021

    The proposed changes provide an easier path to a Hong Kong listing particularly for Chinese companies under pressure to delist from US exchanges.

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