Securities / Derivatives

AML / KYC

SEBI to Augment Social Media Monitoring to Fight Manipulation

By Editors | 24/01/2020

SEBI is working on a ‘data lake’ project that will use AI, machine learning and NLP tech to analyse unstructured data and augment market surveillance.

Securities / Derivatives

KRX to Ease Listing Requirements for Startups

By Editors | 24/01/2020

An existing fast-track process for promising startups to list on the KOSDAQ market will be extended to the main KRX bourse in 2020.

Securities / Derivatives

FSC Korea Eases Five Percent Rule in Support of Shareholder Rights

By Editors | 23/01/2020

Reporting requirements are being eased for investors seeking to exercise shareholder rights in relation to corporate governance, executive pay and dividend policy.

Enforcement

SFC Launches Proceedings Against China Ding Yi Feng Manipulators

By Editors | 23/01/2020

On its first day of trading after a 10-month suspension, China Ding Yi Feng has lost 90% of its value, representing HKD 25 billion in lost market value.

Market Infrastructure

HKMA Consults on Contractual Stay Provisions in Financial Contracts

By Editors | 23/01/2020

FIs will have to adopt provisions in financial contracts binding counterparties to temporary stays on termination rights that may be imposed by the HKMA during bank resolution.

Enforcement

CFTC Penalises Australian Firm for Spoofing by Former Trader

By Editors | 23/01/2020

The CFTC has ordered Propex Derivatives to pay $1mn, comprising restitution, disgorgement, and a civil monetary penalty. The DOJ has also entered a deferred prosecution agreement with the firm.

Securities / Derivatives

China Prohibits SOEs from Speculative Derivatives Trading

By Editors | 22/01/2020

State-owned enterprises may only engage in derivatives trading for hedging purposes. Speculative derivatives trading is explicitly prohibited.

Market Infrastructure

S. Korea to Implement Asia Region Funds Passport on 27 May

By Editors | 22/01/2020

To register passport funds that can be offered in overseas markets, fund managers in Korea must have at least $500mn under management and meet a $1mn minimum capital requirement.

Securities / Derivatives

RBI Permits Gift City Trading of Rupee Derivatives

By Editors | 21/01/2020

The move will help address demands from overseas participants for the availability of better tools to hedge India exposures.