Securities / Derivatives

Securities / Derivatives

CSRC Drafts Rules to Force Issuers to Repurchase Fraudulent Issuances

By Lucy Zhang | 27/08/2020

Stock issuers may be ordered to repurchase shares if they conceal material facts or fabricate information in securities issuance documents.

Market Infrastructure

DDoS Attacks Force Fourth Day of Market Closure at NZX

By Manesh Samtani | 27/08/2020

The hacker group said to be responsible has reportedly also carried out attacks against MoneyGram, YesBank India, Worldpay, PayPal, Braintree and Venmo this week.

Securities / Derivatives

Taiwan CSD Launches Consolidated Access to ESG Ratings

By Editors | 27/08/2020

FTSE Russell, ISS ESG, MSCI and Sustainalytics have collaborated with TDCC to launch a new ESG Dashboard that provides consolidated access to ESG ratings.

Securities / Derivatives

CSRC Publishes Classification Results for Securities Firms

By Editors | 27/08/2020

The classification reflects securities firms’ governance structures, risk management capabilities, continuous compliance status, and business development status.

Securities / Derivatives

CSRC Offers to Allow PCAOB to Inspect State-owned Entities – Report

By Editors | 27/08/2020

The CSRC proposes to allow the PCAOB to choose any Chinese state-owned enterprises for trial inspections, though information related to national security would be redacted.

Securities / Derivatives

Korea to Extend Short Selling Ban Six More Months

By Manesh Samtani | 27/08/2020

During the six-month extension, the FSC plans to strengthen penalties for illegal short-selling and improve retail investor access to stock short sales.

Capital / Liquidity

FSC Korea Extends Easier Liquidity Requirement for Banks

By Editors | 26/08/2020

The lower liquidity coverage ratio was scheduled to end in September, but the FSC has decided to extend the relaxed requirements until end-March.

Capital / Liquidity

SGX to Offer Free Analytics to Facilitate UMR Preparation

By Manesh Samtani | 26/08/2020

Through a partnership with Cassini Systems, SGX will provide market participants the analysis needed to understand how they can reduce the UMR cost burden.

ESG / Sustainability

Taiwan FSC Releases Corporate Governance, Sustainability Roadmap

By Editors | 26/08/2020

From 2024, all financial firms and listed companies with paid-in capital over $340mn will be required to have at least one-third of their boards made up of independent directors.