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Securities / Derivatives
US SEC to Propose Rules for Chinese Delistings Next Month
By Manesh Samtani | 18/11/2020
SEC officials have been working on the rules since August, when a presidential working group proposed enhanced listing standards to ensure access to Chinese audit work papers.
Securities / Derivatives
Singapore Sees Regulatory Support for Bank-Issued Covered Bonds
By Editors | 18/11/2020
Moody’s Investors Service says the higher encumbrance limit set by MAS last month may increase covered bonds issuances, deepen the market and reduce refinance risks.
Securities / Derivatives
FMA Proposes New Guidance on Financial Product Advertising
By Sanday Chongo Kabange | 18/11/2020
The guidance sets out the FMA’s expectations of what good conduct in the advertising of offers of financial products looks like.
Market Infrastructure
OTC Clear to Launch RTGS Settlement Service for Members
By Manesh Samtani | 18/11/2020
From 30 November 2020, the new service will relieve clearing members from having to create payment instructions to settle amounts due to OTC Clear each day.
Market Infrastructure
ASIC Flags Concerns Over Further Infrastructure Issues at ASX
By Editors | 17/11/2020
Following a near-full day market closure, data issues prevented ASX from displaying Chi-X bids and offers on its Centre Point matching system.
ESG / Sustainability
FSB to Address NBFI Vulnerabilities as Key Priority in Year Ahead
By Manesh Samtani | 17/11/2020
In a letter to the G20, the FSB outlines its key priorities for the year ahead, including work to address vulnerabilities in money market funds, open-ended funds, and bond markets.
Securities / Derivatives
BSE India Launches New Investment Platform for Fund Managers
By Sanday Chongo Kabange | 17/11/2020
Asset managers can transact for all their schemes through the new platform rather than switch between multiple platforms as is current practice.
Securities / Derivatives
SFC Plans to Issue Code of Conduct for Investment Banks – Report
By Editors | 16/11/2020
The SFC is reportedly seeking to frame a detailed code of conduct for capital raisings that will cover how investment banks calculate their fees.
Market Infrastructure
HKEX Proposes Revamp of Hong Kong IPO Settlement Process
By Manesh Samtani | 16/11/2020
Subject to market support and readiness, HKEX intends to launch a new platform called FINI in 2022 that will cut the IPO settlement process from T+5 to T+1.
Securities / Derivatives
Hong Kong MPFA Adds SSE, SZSE, IDX to Approved List
By Editors | 16/11/2020
The move provides MPF fund managers greater flexibility, allowing them to diversify investment risks and channel more assets into A shares.
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