Securities / Derivatives

Capital / Liquidity

CFTC Adopts New Swaps Rules Limiting Extraterritorial Oversight

By Editors | 27/07/2020

Chairman Heath Tarbert said it is unnecessary for the CFTC to be “the world’s policeman” for all swaps, given that most G20 jurisdictions have adopted similar swaps regulations.

Enforcement

Hong Kong Court Sentences Ex-HKMEx Chairman to Four Years Jail

By Editors | 27/07/2020

The 62-year-old Barry Cheung was found guilty a week earlier of conspiracy to defraud the SFC into letting HKMEx keep its licence to provide automated trading services in Hong Kong.

Securities / Derivatives

SGX RegCo Addresses Financial Reporting Challenges Amid Covid-19

By Editors | 26/07/2020

SGX RegCo places emphasis on quality, reliability and appropriateness of interim financial reports, with particular regard to asset valuations and alternative performance measures used.

Market Infrastructure

Japanese Trust Funds Align with Global Trends on FX Settlement Risk

By Makoto Miyazaki | 26/07/2020

Trust funds in Japan have started focusing on mitigating FX settlement risk, to which they have long been exposed. This article explains the change in focus and the factors behind this.

ESG / Sustainability

Hong Kong Exchange Proposes Introduction of Paperless IPO Regime

By Manesh Samtani | 26/07/2020

The stock exchange is seeking feedback on proposals to introduce a paperless listing documents regime, and to only allow IPO subscriptions through electronic channels.

Securities / Derivatives

BSEC Needs to Step Up Its Game, say Market Participants

By Duruthu E Chandrasekera | 25/07/2020

BSEC is working to speed up the IPO process and barriers to listing, amid calls for more diversified products and better transparency and governance in the capital market.

Enforcement

Korea: Optimus Asset Management Accused of Fraud, Embezzlement

By Editors | 23/07/2020

Optimus Asset Management CEO Kim Jae-hyun misappropriated investor funds to personally invest in stocks, futures and options since 2018.

Securities / Derivatives

SEBI Directs Funds to Trade Corporate Bonds Through Exchanges

By Sanday Chongo Kabange | 23/07/2020

From October, SEBI will require mutual funds to trade at least 10 percent of their corporate bonds through RFQ platforms of stock exchanges to enhance transparency and price discovery.

Enforcement

ASIC Commences Civil Penalty Proceedings Against FX Firm

By Sanday Chongo Kabange | 22/07/2020

Forex Capital Trading and its sole director allegedly used high pressure sales tactics, false or misleading statements, and conflicted remuneration to maximise trading volume and client deposits.