Securities / Derivatives

AML / KYC

Thailand SEC to Simplify KYC Rules for Low Risk Investment Products

By Editors | 22/08/2020

The SEC proposes to simplify KYC requirements for low-risk investment products such as local money market funds with daily redemption, subject to a THB 50,000 investment limit per account.

Enforcement

Scotiabank Resolves DOJ, CFTC Spoofing Charges for $127.4m

By Editors | 20/08/2020

Four Scotiabank traders based in New York, London and Hong Kong placed thousands of orders in precious metals futures between 2008 and 2016 to manipulate prices.

Securities / Derivatives

Singapore Authorities Charge Five Remisiers for False Trading

By Editors | 20/08/2020

The five individuals charged were former remisiers for Phillip Securities, OCBC Securities, DBS Vickers Securities, and Maybank Kim Eng Securities.

ESG / Sustainability

Taiwan FSC Unveils Green Finance Action Plan 2.0

By Lucy Zhang | 20/08/2020

The action plan seeks to promote green and sustainable financial markets, improve ESG disclosures, and establish a classification standard for the financial industry.

Securities / Derivatives

HKEX Adds Two More Taiwan Futures Contracts to MSCI Suite

By Manesh Samtani | 20/08/2020

HKEX is seeking CFTC certification for the new contracts. The move intensifies competition with SGX, which already has a CFTC-certified futures contract for Taiwan.

ESG / Sustainability

SGX Partners with FTSE Russell to Expand Derivatives Product Line

By Manesh Samtani | 20/08/2020

The product expansion will cater to demand from institutional investors for solutions in multi-asset, ESG, dividend, sector and duration strategies.

Enforcement

Top Chinese Court Issues Guidance on Punishing ChiNext Crimes

By Editors | 19/08/2020

The “zero tolerance” guidance came days before the first batch of companies are set to debut under ChiNext’s new registration-based system.

Securities / Derivatives

MSCI Launches Climate Change Indexes for China Stocks

By Editors | 19/08/2020

The new indexes will allocate higher weightings to stocks with lower carbon emissions. MSCI is in talks on the creation of investment products based on the new indexes.

Market Infrastructure

Taiwan to Tighten Rules on Investments from Mainland China

By Editors | 19/08/2020

A draft amendment will expand the definition used to determine whether a Taiwanese firm is considered Chinese-owned or under the control of a Mainland company.