Securities / Derivatives

Securities / Derivatives

SGX RegCo Raises Audit, Valuation Standards for Listed Firms

By Manesh Samtani | 12/01/2021

Primary-listed issuers must appoint an ACRA-registered auditor, and only use property valuers that meet certain qualification criteria.

Market Infrastructure

SEBI Proposes to Ease Stock Exchange Ownership Norms

By Editors | 12/01/2021

Domestic promoters will be allowed to own 100% of a newly set-up stock exchange or depository for up to 10 years. Foreign promoters will be allowed to own up to 49%.

Market Infrastructure

CCPs Should Limit Procyclical Changes to Initial Margin: ISDA

By Editors | 11/01/2021

Procyclical changes to initial margin levels ended up draining liquidity from the market and contributing to market stress during the March/April market turmoil.

Securities / Derivatives

CSRC Issues Final Rules on Convertible Corporate Bonds

By Editors | 11/01/2021

The rules require trading venues to improve trading rules, enhance risk monitoring, and establish appropriate investor suitability and information disclosure rules.

Enforcement

FSS Korea to Probe Samsung Securities for Regulatory Violations

By Editors | 11/01/2021

The FSS will look into whether loans granted to executives violated the capital market law and whether the firm influenced a merger involving one of its subsidiaries.

Securities / Derivatives

HKEX Launches Familiarisation Programme for New Risk Engine

By Editors | 11/01/2021

A familiarisation programme has been launched to allow clearing participants to retrieve margin related reports calculated based on the new ORP risk models.

AML / KYC

China Issues New Rules to Protect from Foreign Sanctions

By Manesh Samtani | 11/01/2021

Global businesses that comply with sanctions deemed illegal by MOFCOM can be sued for compensation in Chinese courts.

Sanctions

US Banks to Delist Hong Kong Listed Structured Products

By Manesh Samtani | 11/01/2021

The move is said to be a direct result of a prohibition on US persons from purchasing shares in companies identified to be linked to the Chinese military.

Securities / Derivatives

China Issues Final Rules Governing National Carbon Market

By Editors | 08/01/2021

Provincial level authorities will be able to set carbon emissions caps for the first time, and shall be charged with verifying greenhouse gas emissions reports.