Securities / Derivatives

    Enforcement

    Taiwan FSC Fines KGI Securities Over Poor Internal Controls

    By Editors | 31/12/2020

    The case relates to the August suicide of a former KGI Securities employee, who suffered large investment losses as a result of illegal futures trades for his clients.

    Securities / Derivatives

    Tokyo Bourse Reorganisation to Take Effect in April 2022

    By Editors | 31/12/2020

    Companies will be able to choose which section they want to be listed on between September and December 2021, and JPX will announce the results in January 2022.

    Enforcement

    IOSCO Issues Guidance on Addressing Misconduct During Stress Events

    By Editors | 31/12/2020

    Extreme price volatility, profitability pressures, psychological stressors, remote working and aggressive advertising were some of the drivers of misconduct risk during the pandemic.

    Securities / Derivatives

    HKFE Announces Launch Date for Hang Seng TECH Index Options

    By Editors | 31/12/2020

    The Hang Seng TECH Index Futures, introduced in November, have now been certified by the CFTC to be offered and sold to persons in the US.

    Securities / Derivatives

    IOSCO Seeks Views from Market Participants on ETF Market

    By Editors | 30/12/2020

    IOSCO asks asset managers, liquidity providers and market-makers to help it obtain a more granular understanding of ETFs.

    Market Infrastructure

    HKEX to Introduce New Market Access Platform in Q3 2021

    By Editors | 30/12/2020

    Phase 1 will involve the technical migration from the Orion Central Gateway to the new Cash Market Gateway in Q3 2021.

    Securities / Derivatives

    HKEX Clears First Cross Currency Swaps for Japanese FIs

    By Editors | 29/12/2020

    Japan’s FSA granted HKEX’s OTC Clear a licence allowing it to offer clearing services to Japanese financial institutions in January 2020.

    Securities / Derivatives

    NYSE Gets SEC Green Lights to Allow Direct Listings

    By Editors | 29/12/2020

    Companies will be able to directly sell shares in an auction without a traditional underwriter, enabling investors to participate in new listings more readily.

    Enforcement

    CBIRC Takes Control of Trust Company Accused of Embezzlement

    By Editors | 24/12/2020

    A joint working team comprising CBIRC and local government officials was dispatched to Sichuan Trust to supervise operations and carry out a management reshuffle.

    AML / KYC

    SFC to Require OFCs to Appoint Responsible Person for AML

    By Editors | 23/12/2020

    The requirement replaces an earlier proposal for OFCs to maintain a significant controllers register, which was deemed too operationally burdensome.

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