Securities / Derivatives

    Enforcement

    SFC Fines BEA for 13 Year Failure to Segregate Client Securities

    By Editors | 17/09/2020

    There was no evidence of client loss as a result of BEA’s regulatory breaches, and the bank has undergone remedial actions to enhance its internal systems and controls.

    Securities / Derivatives

    ASX Revises Temporary Emergency Capital Raising Measures

    By Editors | 17/09/2020

    To use the emergency capital raising measures, companies must now satisfy ASX that they are raising capital predominantly to address a Covid-19 related impact.

    Securities / Derivatives

    Myanmar Plans Second Stock Exchange For Public Companies

    By Sanday Chongo Kabange | 17/09/2020

    The new exchange will be set up as a pre-listing board with looser listing requirements, and serve as a launchpad for listing on the YSX.

    Big Picture

    Markets Must Remain Open, Transparent if Volatility Returns: WFE

    By Manesh Samtani | 17/09/2020

    Under no circumstances should restrictions on trading be invoked because of increased volatility, the WFE says in a guidance note.

    Securities / Derivatives

    CSRC Issues Draft Rules for Private Equity Funds

    By Editors | 17/09/2020

    The rules seek to address concerns that some private equity funds are being used as vehicles for public fundraising and qualified investor requirements are being circumvented.

    Enforcement

    Singapore Convicts Three Individuals for Unauthorised Trading

    By Editors | 16/09/2020

    The former trading representatives acted on the instructions of a fourth individual to use accounts belonging to family, friends and clients to buy and sell Skyone shares.

    Enforcement

    SFC Bans Sponsor Principal for 20 Months Over 2017 IPO Application

    By Manesh Samtani | 16/09/2020

    Former Yi Shun Da Capital CEO breached the code of conduct and sponsor guidelines in his work on the listing application of Imperial Sierra Group in 2017.

    Securities / Derivatives

    India to Introduce New Interest Rate Derivatives Products

    By Editors | 16/09/2020

    The new products will be accessible to FPIs as well as non-residents transacting with Indian market makers through intermediaries.

    Fintech / Regtech

    BNP, Digital Asset to Develop DLT Connectivity to ASX, HKEX

    By Editors | 15/09/2020

    BNP Paribas Securities Services and Digital Asset have joined forces to design real-time trade and settlement apps using DAML smart contracts.

    Capital / Liquidity

    ISDA, CCDC to Promote Global Use of China Bonds as Collateral

    By Editors | 15/09/2020

    ISDA and the CCDC will soon publish research making the case for yuan-denominated bonds to be used internationally as collateral.

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