Securities / Derivatives

Securities / Derivatives

Japan FSA Orders JPX, TSE to Improve Following Market Outage

By Editors | 30/11/2020

TSE President and CEO Koichiro Miyahara has resigned to take responsibility for a system failure that caused a full-day market closure in October.

Fintech / Regtech

NZX to Create Industry Working Group on Capital Markets Technology

By Editors | 30/11/2020

The working group will develop a roadmap to solve for New Zealand’s lack of scale and geographic isolation through the use of technology.

Securities / Derivatives

HKEX Proposes to Raise Profit Requirement for New IPOs

By Manesh Samtani | 30/11/2020

One option HKEX proposes is to raise the profit requirement for companies seeking to list in Hong Kong threefold, reflecting the growth of the Hang Seng Index since 1994.

Securities / Derivatives

SFC Finalises Changes to Grant Greater Flexibility to REIT Managers

By Editors | 29/11/2020

REITs will be allowed to invest in minority-owned properties and property development projects, and borrowing limits will be increased.

Market Infrastructure

HKEX Announces Stock Connect Expansion Arrangements

By Manesh Samtani | 29/11/2020

Pre-revenue biotech companies listed on Hong Kong’s Main Board will be included from 27 December. SSE STAR Market stocks will be included in early 2021.

Enforcement

US OCC Fines JPMorgan for Weak Controls Over Fiduciary Activities

By Editors | 29/11/2020

The deficiencies identified by the OCC constituted unsafe or unsound practices that were part of “a pattern of misconduct”, says the consent order.

Securities / Derivatives

TFEX Announces Launch of Japanese Rubber Futures Contract

By Editors | 29/11/2020

The cash-settled rubber futures contract will use the Osaka Exchange’s RSS3 futures delivery prices as settlement prices on the Thailand Futures Exchange.

Market Infrastructure

Indonesia Prepares to Launch Sovereign Wealth Fund

By Manesh Samtani | 29/11/2020

Indonesia will need to pay particular attention to the governance of the new fund, as Malaysia’s 1MDB scandal still looms large in the minds of global investors.

Market Infrastructure

DSB Calls for Asian Members to Join Product Committee

By Editors | 29/11/2020

The DSB seeks to expand its Product Committee membership to include more OTC derivatives users from Asia to further broaden industry collaboration geographically.