Securities / Derivatives

Securities / Derivatives

China Finalises New IPO Rules Shenzhen’s ChiNext Board

By Editors | 15/06/2020

Under the new market-based IPO pricing system, companies seeking a ChiNext listing will have to abide by stricter information disclosure rules, but will no longer require CSRC approval.

Securities / Derivatives

S. Korea Unveils New Corporate Asset Purchase Programme

By Editors | 15/06/2020

KAMCO, a state-run distressed asset manager which was deployed during the 1997 financial crisis, will set up a special purpose vehicle to buy up corporate assets for fair market prices.

Securities / Derivatives

ASIC Issues Guidance on Listed Company Executive Pay Decisions

By Editors | 14/06/2020

The high-level guidance set out specific factors boards and remuneration committees should consider when exercising discretion on executive variable pay in the current environment.

Securities / Derivatives

CSRC Green-lights Trading in Six New Commodity Options Contracts

By Editors | 14/06/2020

The ZCE will launch trading steam coal options; the DCE will launch polypropylene, PVC and LLDPE options; and the SHFE will launch aluminum and zinc options.

Enforcement

Malaysia: Former Trust Consultant Jailed for Securities Fraud

By Editors | 13/06/2020

The former consultant promised investors guaranteed returns but used the monies they paid for share trading in her personal account.

Securities / Derivatives

AMAC Issues Guidance on Private Fund Performance Remuneration

By Editors | 13/06/2020

The guidelines articulate four basic principles private fund managers are required to follow in designing and implementing performance remuneration mechanisms.

Fintech / Regtech

Taiwan Fintechs to Gain Access to Canada’s Securities Sandbox

By Editors | 12/06/2020

The CSA sandbox allows firms to obtain exemptive relief from securities law requirements to test new products and services in the Canadian market on a time-limited basis.

Enforcement

Shanghai Police Detain Anxin Trust Controller Over Illegal Loans

By Editors | 12/06/2020

Police have detained Anxin Trust’s biggest shareholder for lending assets under management in trust products to friends and other associates.

Market Infrastructure

WFE Issues Guidance on CCP Handling of Non-default Losses

By Editors | 11/06/2020

At the ten largest CCPs, no CCP has ever allocated a loss to a clearing member related to custody or collateral investment through its rulebook, the guidance makes clear.