Securities / Derivatives

Securities / Derivatives

Australian Treasury Bans ‘Conflicted’ Commissions Paid on LICs

By Editors | 24/05/2020

Fund managers will be barred from paying fees to financial advisers and stockbrokers for selling listed investment companies and trusts.

Enforcement

CSRC Accuses Guangdong Fund Manager of Lying to Investors

By Editors | 24/05/2020

Guangdong-based Cornerstone Management reportedly lost 70% in two funds after promising a minimum 8% annual return.

Securities / Derivatives

SFC to Allow Leveraged, Inverse ETFs Tracking Mainland Indices

By Editors | 24/05/2020

The SFC is prepared to initially only accept ‘swap-based’ L&I products tracking Mainland equity indices, with a leverage factor up to 2x, or negative 1x for inverse products.

Securities / Derivatives

SEBI Allows Debt Funds to Increase Exposure to G-Secs

By Editors | 23/05/2020

The flexibility has been granted for three months to ensure adequate liquidity in corporate bond funds, banking & PSU debt funds, and credit risk funds.

Securities / Derivatives

S. Korea to Set Up SPV to Support Lower Grade Corporate Debt

By Editors | 22/05/2020

The SPV is a separate initiative from the bond market stabilisation fund, which focused on corporate bonds rated AA and higher.

Securities / Derivatives

New US Law Could Force Chinese Companies to De-list

By Editors | 21/05/2020

New legislation passed in the US Senate will require companies to submit to an audit that can be reviewed by the PCAOB, and de-list firms that at noncompliant for three years.

Securities / Derivatives

SEBI Provides Exit Route for Franklin Templeton Investors

By Editors | 21/05/2020

Franklin Templeton will be allowed to list units of its six shuttered mutual funds on stock exchanges, providing an alternate exit route to investors whose money is trapped.

Securities / Derivatives

S. Korea to Introduce New Measures to Enhance ABS Markets

By Editors | 21/05/2020

The requirement for ABS issuers to be rated BB or higher will be removed to facilitate the use of securitisation for SME and startup financing, among other measures.

Securities / Derivatives

Fidelity Applies for Approval to Sell Retail Funds in China

By Editors | 21/05/2020

Fidelity already operates four privately managed funds in China targeting institutional clients and high net-worth individuals.