Securities / Derivatives

Securities / Derivatives

SEBI Directs Multi Cap Funds to Raise Exposure to Smaller Stocks

By Sanday Chongo Kabange | 14/09/2020

New guidelines will force multi cap funds to dump large cap stocks in favour of small- and mid-cap stocks by January 2021.

Enforcement

SFC Issues Statement on Alleged Manipulation of Next Digital Shares

By Manesh Samtani | 14/09/2020

The SFC does not explicitly say whether it is investigating Next Digital trading activity or whether a request for assistance was received from police ahead of last week’s arrests.

Market Infrastructure

Changes to Hong Kong OFC Regime Take Effect Immediately

By Editors | 13/09/2020

Private OFCs are no longer subject to investment restrictions and securities brokers are now eligible to be OFC custodians, among other changes.

Enforcement

Shenzhen’s ChiNext Board Under Scanner for Corruption Risk

By Editors | 13/09/2020

China’s anti-graft watchdog is looking into whether wild swings may have been caused by insider trading or manipulation involving exchange officials.

Fintech / Regtech

Thailand Starts Issuing Govt Savings Bonds on Blockchain

By Editors | 10/09/2020

The new scripless bond platform enhances investors’ buying experience, improves operational efficiency and reduces overall cost, the BOT said.

Enforcement

HK Police Arrest 15 on Stock Manipulation Suspicions

By Sanday Chongo Kabange | 10/09/2020

Police believe the 15 individuals manipulated the stock price of Next Digital after its owner Jimmy Lai was arrested last month.

Securities / Derivatives

ASIC Defers New Fee Disclosure Obligations Two Years to 2022

By Sanday Chongo Kabange | 10/09/2020

Superannuation funds and managed investment scheme issuers will now have until September 2022 to comply with fee and cost disclosure requirements.

Securities / Derivatives

China NIFC Issues Rules for Anonymous Bond Auctions

By Editors | 10/09/2020

Anonymous bond auctions are typically used to dispose of defaulted bonds at a discount, without the seller having to reveal their identity to the buyer.

Enforcement

Bursa Malaysia Suspends Prop Trader For Order Book Manipulation

By Sanday Chongo Kabange | 10/09/2020

The trader placed buy orders at multiple price levels to induce other participants into the market and facilitate his own disposal of the shares at higher prices.