Securities / Derivatives

    Enforcement

    CFTC Penalises Mirae Asset Daewoo on Spoofing Charges

    By Editors | 15/01/2020

    Mirae Asset will pay $700,000 to settle charges against Daewoo Securities, which it acquired in April 2016 — after the spoofing conduct at issue occurred.

    Securities / Derivatives

    SET Scraps Lunch Break for Trading Cross Border Products

    By Editors | 14/01/2020

    The move is aimed at increasing the overlap time for trading between the Thai and ASEAN stock exchanges.

    Securities / Derivatives

    Japan FSA Issues New Guidance on Asset Manager Registration

    By Editors | 14/01/2020

    The guidebook is aimed at facilitating the smooth entry of asset management and other financial instruments businesses into Japan’s capital markets.

    Enforcement

    SFC Lifts UBS Underwriting Suspension Two Months Early

    By Editors | 14/01/2020

    The SFC is satisfied that UBS has adequate and effective systems, controls, policies and procedures to enable compliance with all requirements in relation to its sponsor business.

    Securities / Derivatives

    ASIC to Audit Broker Sales of Listed Investment Funds

    By Editors | 14/01/2020

    ASIC is reviewing whether sales commissions paid by fund managers to brokers or financial advisers to sell funds compromise the best interests of investors.

    Enforcement

    FSS Korea Probes Fraud Involving Small-cap Stocks

    By Editors | 14/01/2020

    A group of investors is suspected of taking control of small firms, only to then release news designed to inflate share prices or raise more capital to enrich themselves.

    Fintech / Regtech

    Legal Certainty Needed to Advance DLT Adoption in Derivatives

    By Editors | 14/01/2020

    ISDA, Clifford Chance, R3 and the Singapore Academy of Law have published a new whitepaper analysing the legal issues relating to the use of smart derivatives contracts on a distributed ledger.

    Securities / Derivatives

    Indian Stock Exchanges Introduce Cross Margining Facilities

    By Editors | 13/01/2020

    NSE launched the cross-margining facility from Friday (10 January), whereas BSE India will introduce it from Wednesday (15 January).

    Securities / Derivatives

    HKEX Asks Participants to Prepare Systems for Investor Compensation Levy

    By Editors | 13/01/2020

    While the collection of the investor compensation levy is currently suspended, exchange participants should take necessary actions to prepare for its calculation and payment.

    Securities / Derivatives

    SGX Enhances Listing Due Diligence Standards for Issue Managers

    By Editors | 13/01/2020

    The ABS listings due diligence guidelines and independence requirements have been incorporated into SGX’s mainboard listing rules.

    JOIN OUR NEWSLETTER

    A daily selection of top stories from the Regulation Asia editorial team