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Securities / Derivatives
Vanguard Scraps Plans to Obtain China Mutual Fund Licence
By Editors | 18/03/2021
Vanguard says the mutual funds market is “fairly crowded” and that it would instead focus on a JV with Ant Group providing robo-advisory services to retail investors.
Capital / Liquidity
SEC Thailand Proposes Measures to Protect Funds from Panic Selling
By Editors | 18/03/2021
The SEC is considering imposing conditions for investors seeking to redeem mutual fund units, among other measures to enhance liquidity management at funds.
ESG / Sustainability
CFTC Establishes New Dedicated Unit for Climate Risk
By Editors | 18/03/2021
Other US financial regulators including the SEC, Treasury Department and Federal Reserve have also recently raised climate risk and a key focus.
Securities / Derivatives
PSE Proposes Tighter Rules for Listings via Reverse Takeover
By Editors | 17/03/2021
Companies will be required to conduct a public offering of at least 10 percent of their shares within one year from closing a transaction that results in a backdoor listing.
Securities / Derivatives
Taiwan FSC Directs More Firms to File Reports in English
By Editors | 17/03/2021
A total of 657 listed companies are required to file English-language reports this year, up from 351 firms last year.
Securities / Derivatives
SEC Thailand Introduces New Securities Licence Types
By Editors | 17/03/2021
The two new licences are for firms that serve as intermediaries only for equity instruments, and for firms managing private funds.
Securities / Derivatives
PSE Proposes Alternative Listing Option for Businesses
By Sanday Chongo Kabange | 17/03/2021
The new rule will allow businesses to raise funds on the exchange by listing their preferred shares without listing their common shares.
AML / KYC
UPDATED – US Federal Judge Lifts Investment Ban Against Xiaomi
By Manesh Samtani | 17/03/2021
The judge said there was no evidence of Xiaomi sharing information with the Chinese government, and that the ban deprived the company of its right to due process.
Big Picture
DTCC Proposes Plan to Harmonise Global Trade Reporting
By Manesh Samtani | 17/03/2021
DTCC proposes plan to eliminate cross-jurisdictional differences in trade reporting standards to boost transparency and the monitoring of systemic risk.
Fintech / Regtech
SGX, Marex Spectron Join Forces on Ferrous Analytics Tools
By Editors | 17/03/2021
Marex Spectron will apply its analytics tools on publicly available data for SGX commodity derivatives to provide Titan OTC participants with in-depth analysis and richer datasets
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