Securities / Derivatives

Enforcement

Chinese Court Orders Ratings Firm to Compensate Bond Creditors

By Editors | 07/01/2021

The court held Dagong Global Credit Rating, its controller, underwriter, accounting firm, and law firm jointly responsible for defaults by a construction company three years ago.

Securities / Derivatives

HKEX Outlines Next Steps for VCM, POS Enhancements

By Manesh Samtani | 07/01/2021

Phase 2 VCM enhancements will occur in March 2021 in the securities market. VCM and POS enhancements will be applied to the derivatives market in Q2 2021.

Securities / Derivatives

India: IFSCA Becomes IOSCO Associate Member

By Editors | 06/01/2021

The IFSCA was established in April 2020 as a unified authority to regulate all financial services in Gift City, India’s international financial services centre.

Securities / Derivatives

FTSE Russell to Remove More Chinese Companies from Indexes

By Editors | 06/01/2021

The three companies being removed are China United Network Communications, Semiconductor Manufacturing International Corporation and Nanjing Panda Electronics.

Securities / Derivatives

Shanghai, Shenzhen Bourses Implement Revised Delisting Rules

By Editors | 05/01/2021

The exchange amended the rules in response to complaints that the delisting thresholds were too high to be effective in deterring fraud.

Enforcement

SEBI Fines Reliance Industries, Mukesh Ambani for Manipulative Trading

By Editors | 05/01/2021

Reliance Industries entered into an arrangement with 12 agents to corner Reliance Petroleum futures and earn undue profits, SEBI said.

Securities / Derivatives

Vietnam to Establish New Entity to Manage HNX, HoSE

By Editors | 05/01/2021

The new Vietnam Stock Exchange will rate as a limited liability company to manage the Hanoi Stock Exchange and Ho Chi Minh City Stock Exchange.

Securities / Derivatives

UPDATED – NYSE Commences, Then Halts Delisting of Chinese Companies

By Editors | 05/01/2021

NYSE will no longer delist the ADRs of China Telecom, China Mobile and China Unicom “in light of further consultation with relevant regulatory authorities”.

Enforcement

Korea FSS Identifies More Fraud, Bribery at Private Equity Firms

By Editors | 04/01/2021

The FSS said it will impose sanctions on companies identified as being engaged in such practices, including to refer cases for criminal prosecution as needed.