Securities / Derivatives

Enforcement

SFC Fines Fulbright Securities Over Short Selling Controls

By Editors | 23/12/2020

Fulbright Securities failed to detect and prevent illegal short selling failures in at least 93 instances over a period of at least six months.

Securities / Derivatives

To 2021 And Beyond – A Regulator’s Perspective

By Boon Gin Tan | 23/12/2020

SGX RegCo chief Boon Gin Tan says sustainability is now a new fiduciary responsibility, and expectations in this area have never been higher.

Securities / Derivatives

Hang Seng Index Operator Seeks ‘More Balanced Representation’

By Editors | 22/12/2020

Hang Seng Indexes Company proposes to increase the number of constituent stocks in the HSI, lower the weight cap, and remove the minimum listing history requirement.

Securities / Derivatives

CSRC Grants Deutsche Bank Fund Custody Licence in China

By Editors | 22/12/2020

Deutsche Bank has become the second foreign bank to be granted a domestic fund custody licence in China, just months after rules were finalised for granting such approvals.

Securities / Derivatives

China to Accelerate Development of Domestic Derivatives Market

By Sanday Chongo Kabange | 22/12/2020

China’s financial futures and options market “far lags” market participants’ growing needs to manage their risks, said CSRC vice chairman Fang Xinghai.

Big Picture

ASIFMA Offers Recommendations to Address ESG Data Challenges

By Editors | 22/12/2020

The report, released by ASIFMA and FOSDA, says the recommendations are critical to supporting and enabling the further development of green and sustainable markets in Asia.

Securities / Derivatives

FSC Korea Unveils Additional Measures to Curb Illegal Short Selling

By Editors | 21/12/2020

The FSC will place new restrictions on market makers, revamp the rebate system, and set up a new monitoring system to detect illegal short selling activity.

Securities / Derivatives

China Seeks to Improve Market Quality with New Delisting Rules

By Editors | 21/12/2020

Companies will be automatically delisted if their shares close below 1 yuan, or their market value remains below 300mn yuan, for 20 consecutive trading days.

Enforcement

US SEC Penalises Robinhood $65m for Misleading Customers

By Sanday Chongo Kabange | 21/12/2020

The SEC said Robinhood misled customers into believing trading was commission free, while it executed customers’ orders at inferior trade prices costing them $34mn.