Securities / Derivatives

Securities / Derivatives

Tokyo Bourse Plans to Extend Trading Hours – Report

By Editors | 18/05/2021

Longer trading hours are expected to increase participation from overseas investors, as well as local retail investors that trade after work.

Market Infrastructure

HKEX Clears First SOFR-HONIA Cross Currency Swaps

By Editors | 18/05/2021

OTC Clear announced last week that it was launching clearing services for cross-currency interest rates swaps and basis swaps referencing HONIA and SOFR.

Enforcement

CSRC Launches Probe into Allegations of Market Manipulation

By Editors | 17/05/2021

A fund manager has claimed that at least 18 stocks are being manipulated by the listed companies, private equity funds and publicly offered funds.

Securities / Derivatives

SEBI Consults on Measures to Protect Client Collateral

By Editors | 17/05/2021

The proposed framework seeks to protect clients’ collateral from being misused or misappropriated by trading or clearing members.

Securities / Derivatives

PCAOB Proposes Framework for HFCAA Determinations

By Editors | 16/05/2021

The PCAOB will use the proposed framework to determine when it is unable to carry out inspections of overseas audit firms of US-listed companies.

Securities / Derivatives

SEBI Proposes to Reduce Promoter Lock-in Period

By Editors | 14/05/2021

SEBI proposes to reduce the lock-in period for the minimum promoter’s contribution to an IPO from 3 years to one year.

Enforcement

Hong Kong: Six Current & Former Directors Fined Over Inside Information

By Editors | 14/05/2021

Timely disclosure of inside information is central to the orderly operation of the market and underpins a fair and informed market, the SFC said.

Securities / Derivatives

China: NAFMII Revises Rules for Credit Derivatives

By Editors | 14/05/2021

The rules remove a restriction that prohibited CDS and CLN from being linked to instruments other than non-financial corporate debt.

Securities / Derivatives

SEC Thailand Issues Guidelines for Distressed Bond Funds

By Editors | 13/05/2021

Only institutional and ultra-HNW investors will be allowed to invest in distressed bond funds, which will be non-redeemable but have a maturity date prescribed.