Securities / Derivatives

Securities / Derivatives

Thailand to Lift Short-selling Restrictions Next Week

By Editors | 23/09/2020

As market volatility has returned to normal levels, SET and TFEX will return to its normal short selling rules and its normal ceiling and floor limits.

Market Infrastructure

SGX, NSE Formalise Agreement to Operationalise ‘Connect’

By Manesh Samtani | 22/09/2020

The Connect will bring trading of SGX Nifty products to GIFT City to create a larger pool of liquidity, comprising both foreign and domestic market participants.

Enforcement

China Market Supervisor Issues Fines Against Luckin Coffee

By Editors | 22/09/2020

Luckin was able to falsely inflate revenue, costs and profits last year with the help of 43 third-party companies, which have also been fined.

Enforcement

ASIC Directs Fund Managers to Correct Product Mislabelling

By Editors | 22/09/2020

ASIC has identified 14 funds using the term ‘cash’ in their names in a confusing and inappropriate way, and 3 others with a significant liquidity mismatch.

Big Picture

A New Zero Tolerance Era for ESG Reporting

By Editors | 22/09/2020

As nations across the globe come to terms with understanding and tackling climate change, mandatory reporting of such risks across capital markets could well become the norm.

Enforcement

SFC Suspends Former Licensed Rep for Over Discretionary Trading

By Editors | 22/09/2020

The former Ewarton Securities representative placed his own orders within 30 seconds ahead of those placed for the client’s account.

Securities / Derivatives

SEBI Modifies NAV Rules for Mutual Fund Schemes

By Sanday Chongo Kabange | 22/09/2020

The move is expected to create a more level playing field for all mutual fund investors and promote greater use of digital payment channels.

AML / KYC

Sri Lanka: CSE Enables Digital ID Verification for Account Opening

By Duruthu E Chandrasekera | 22/09/2020

The CSE and Central Depository System can digitally verify national ID card details against information held by the Department for Registration of Persons.

Enforcement

Korea FSS Fines Four Foreign Fund Managers for Naked Short Selling

By Editors | 22/09/2020

One firm was fined KRW 360mn for failing to borrow KRW 13mn worth of stock prior to short-selling, a penalty of more than 27 times the amount short-sold.