Securities / Derivatives

Enforcement

ASIC Offers Immunity to Market Misconduct Whistleblowers

By Editors | 25/02/2021

Under ASIC’s new immunity policy, individuals who have engaged with others to commit market misconduct offences can seek immunity by reporting the misconduct.

Enforcement

FSS Korea Orders Woori, IBK to Compensate Lime Investors

By Editors | 25/02/2021

The FSS will encourage banks and securities firms that sold frozen Lime funds to voluntarily settle disputes with other investors based rates set at the ruling.

Securities / Derivatives

Hong Kong to Increase Stamp Duty on Stock Transactions

By Manesh Samtani | 24/02/2021

The decision is estimated to raise trading costs by 6-15 percent, depressing trading volumes and squeezing HKEX’s earnings per share by 3-7 percent.

Capital / Liquidity

DTCC Suggests Move to T+1 Settlement in US Markets

By Manesh Samtani | 24/02/2021

Reducing the settlement cycle to T+1 could reduce the NSCC’s value-at-risk clearing fund charge by 30-40 percent for sample portfolios, DTCC said.

Big Picture

More Than Half of Asian Investor Group Mull Net Zero by 2050

By ESG Investor | 24/02/2021

Survey results from the Asia Investor Group on Climate Change suggest that growing appetite is being blocked by lack of investable opportunities.

Securities / Derivatives

Schroders Wealth Management JV Wins CBIRC Approval

By Editors | 24/02/2021

The joint venture with BOCOM will become the third wealth management JV with foreign majority owners to receive regulatory authorisation in China.

Securities / Derivatives

Bursa Malaysia to Allow Lower Public Shareholding Spreads

By Editors | 23/02/2021

The exchange will consider applications from issuers to have public shareholding spreads of between 15% and 20%, compared to current requirements for 25%.

Securities / Derivatives

FTSE Russell to Add STAR Market Stocks to Global Benchmark

By Editors | 23/02/2021

The changes, effective from 22 March, are expected to result in $100mn of passive inflows to STAR Market stocks.

Enforcement

SFC Fines Asset Manager for Short Position Reporting Errors

By Editors | 23/02/2021

The SFC found that 7,814 short positions held by collective investment schemes managed by Brilliance Asset Management were either misstated or omitted.