Securities / Derivatives

Securities / Derivatives

JP Morgan Applies for Control of China Futures Business

By Editors | 10/01/2020

The application to take a majority stake in Guangdong-based JPMorgan Futures follows the removal of the foreign ownership limit for futures companies on 1 January 2020.

Enforcement

SGX RegCo Adopts Risk-Based Approach to Quarterly Reporting

By Manesh Samtani | 10/01/2020

A new risk-based approach to quarterly reporting and stronger continuous disclosure requirements will apply from 7 February. The new whistleblowing office has also been established.

Enforcement

Nine Korean Banks Face Legal Action for Selling Loss-Making Funds

By Editors | 09/01/2020

Investors are reportedly preparing for a suit against banks which sold them loss-making funds from Lime Asset Management without properly disclosing the risks.

Securities / Derivatives

ASX Consults on Changes to Trade Cancellation Policy

By Editors | 09/01/2020

ASX proposes to amend its trade cancellation policy for ASX 24 options and for the 20 Year Bond Futures contract to provide participants greater flexibility.

Securities / Derivatives

CSRC to Allow Fund Managers to Invest in NEEQ Stocks

By Editors | 08/01/2020

To trade NEEQ stocks, fund managers should have investment and research capabilities, and strong liquidity risk management, due diligence and internal control systems.

Enforcement

HKEX Updates Rules for Southbound Investor Identification Regime

By Editors | 08/01/2020

The rule update requires the China broker to keep records of all submitted orders, SEHK trades and related client instructions for a minimum of 20 years.

Market Infrastructure

ISDA Offers Guidance on Cross-Border Application of Margin Rules

By Editors | 08/01/2020

The guide seeks to help firms subject to margin rules analyse multiple foreign rule sets, identify situations in which different rules apply, and improve understanding on substituted compliance.

Securities / Derivatives

ESMA Analyses Market Impact of Circuit Breakers

By Editors | 08/01/2020

ESMA’s study found that price volatility is significantly lower after the use of a circuit breaker, as intended, but that bid-ask spreads significantly increase after a trading halt.

Securities / Derivatives

Singapore Fund Managers See Opportunity in ESG Investing: IMAS

By Manesh Samtani | 08/01/2020

The 5th annual IMAS Investment Managers’ Outlook Survey shows that 2020 could be the biggest year yet for ESG investing for Singapore fund managers.