Securities / Derivatives

Securities / Derivatives

SEBI Consults on New Format for Sustainability Reporting

By Editors | 18/08/2020

The top 1,000 listed entities by market cap can adopt the new format voluntarily for the financial year 2020-21. It will become mandatory from the financial year 2021-22.

Enforcement

SEC Opens Fraud Investigation Into Chinese Streaming Service iQiyi

By Sanday Chongo Kabange | 17/08/2020

The investigation into follows an April report from Wolfpack Research alleging Nasdaq-listed iQiyi inflated its revenue, user numbers and expenses.

Securities / Derivatives

Hang Seng Index to Include Alibaba, Xiaomi from 7 September

By Editors | 16/08/2020

The changes reflect a May decision to allow weighted voting rights and secondary-listed companies from the Mainland to be included as HSI and HSCEI constituents.

Securities / Derivatives

SEBI Issues Rules on Administrative Assistance to Trustees

By Duruthu E Chandrasekera | 16/08/2020

Mutual fund trustees must appoint a dedicated employee with professional qualifications and a minimum five years of experience.

Securities / Derivatives

SZSE, CSDC Issue New Guidelines on Cash Management Products  

By Lucy Zhang | 16/08/2020

The guidelines limit cash management products to investing in only highly liquid assets, among other restrictions, to ensure investors’ rights are protected.

ESG / Sustainability

Bursa Malaysia Publishes ESG Scores of Publicly Listed Companies

By Editors | 16/08/2020

The availability of ESG ratings will help investors and allow listed companies to benchmark themselves against their peers in terms ESG performance, Bursa Malaysia says.

Enforcement

Singapore Police Lay First Charge Against Hin Leong Founder

By Editors | 16/08/2020

While investigations into other offences are ongoing, the charge of abetment of forgery for the purpose of cheating carries a punishment of up to ten years’ imprisonment and a fine.

Market Infrastructure

Korea Kicks Off First Meeting of New Green Finance Task Force

By Manesh Samtani | 13/08/2020

The task force will establish a monitoring system for climate-related financial risks, lead efforts to boost investment in green industries, and promote ESG investing in Korea.

Securities / Derivatives

Bursa Malaysia Amends Listing Rules to Protect Shareholders

By Editors | 13/08/2020

Disclosures requirements applicable to new issues are enhanced, director independence is strengthened, and transparency on loans linked to controlling shareholders is improved.