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Market Infrastructure
Colombo Stock Exchange Digitalises Core Operations
By Duruthu E Chandrasekera | 18/09/2020
Account opening and post-trade functions such as clearing and settlement are now electronically enabled. E-contract notes and e-statements have also been adopted.
Securities / Derivatives
SGX to List World’s Largest Chinese Pure Government Bond ETF
By Editors | 17/09/2020
CSOP Asset Management’s inaugural ETF on SGX will track the performance of fixed-rate government bonds issued in China as measured by a FTSE Russell index.
Enforcement
SFC Fines BEA for 13 Year Failure to Segregate Client Securities
By Editors | 17/09/2020
There was no evidence of client loss as a result of BEA’s regulatory breaches, and the bank has undergone remedial actions to enhance its internal systems and controls.
Securities / Derivatives
ASX Revises Temporary Emergency Capital Raising Measures
By Editors | 17/09/2020
To use the emergency capital raising measures, companies must now satisfy ASX that they are raising capital predominantly to address a Covid-19 related impact.
Securities / Derivatives
Myanmar Plans Second Stock Exchange For Public Companies
By Sanday Chongo Kabange | 17/09/2020
The new exchange will be set up as a pre-listing board with looser listing requirements, and serve as a launchpad for listing on the YSX.
Big Picture
Markets Must Remain Open, Transparent if Volatility Returns: WFE
By Manesh Samtani | 17/09/2020
Under no circumstances should restrictions on trading be invoked because of increased volatility, the WFE says in a guidance note.
Securities / Derivatives
CSRC Issues Draft Rules for Private Equity Funds
By Editors | 17/09/2020
The rules seek to address concerns that some private equity funds are being used as vehicles for public fundraising and qualified investor requirements are being circumvented.
Enforcement
Singapore Convicts Three Individuals for Unauthorised Trading
By Editors | 16/09/2020
The former trading representatives acted on the instructions of a fourth individual to use accounts belonging to family, friends and clients to buy and sell Skyone shares.
Enforcement
SFC Bans Sponsor Principal for 20 Months Over 2017 IPO Application
By Manesh Samtani | 16/09/2020
Former Yi Shun Da Capital CEO breached the code of conduct and sponsor guidelines in his work on the listing application of Imperial Sierra Group in 2017.
Securities / Derivatives
India to Introduce New Interest Rate Derivatives Products
By Editors | 16/09/2020
The new products will be accessible to FPIs as well as non-residents transacting with Indian market makers through intermediaries.
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