Securities / Derivatives

Securities / Derivatives

HKEX Shortens Structured Product Listing Cycle to Three Days

By Editors | 29/06/2020

From 13 July, issuers can list derivative warrants, CBBCs and inline warrants for trading on the third trading day after the submission of their term sheets.

Securities / Derivatives

Singapore Banks Ready to Trade SORA Derivatives

By Editors | 29/06/2020

The ABS and SC-STS say “significant progress” has been made in key technical work to support Singapore’s transition from SOR to SORA.

Securities / Derivatives

SEBI Allows Exchanges to Penalise Excessive Algo Orders

By Editors | 29/06/2020

On the third instance of the order-to-trade ratio exceeding 2000, trading members will be restricted from placing any orders for the first 15 minutes on the next trading day.

Enforcement

Luckin Coffee Abandons Plans to Appeal Nasdaq Delisting

By Editors | 29/06/2020

A hearing with Nasdaq Hearings Panel was scheduled for Thursday but Luckin withdrew its request a day before.

Securities / Derivatives

SGX RegCo Publishes Best Practices Guide For Singapore Lawyers

By Editors | 29/06/2020

The Guide offers clarity to Singapore lawyers on regulatory submissions on behalf of listed companies, establishing a baseline standard for their conduct.

Market Infrastructure

IOSCO Offers Guidance to Promote Deference Between Regulators

By Editors | 28/06/2020

IOSCO offers 11 good practices to help regulators establish and operate efficient deference processes, and mitigate the risk of market fragmentation.

Securities / Derivatives

SEBI Issues Operational Framework for Trading Distressed Debt

By Editors | 28/06/2020

From 1 July, the new operational framework will lift restrictions that have to date prevented trading in debt securities that have defaulted on redemption.

Securities / Derivatives

S. Korea to Impose Capital Gains Tax on All Financial Products

By Editors | 28/06/2020

The new framework will see a 20% capital gains tax imposed on retail investor profits over 20mn won, and 25% on profits over 300mn won.

Securities / Derivatives

Malaysia, Thailand Extend Short Selling Restrictions

By Editors | 28/06/2020

Malaysia will extend its short-selling ban until year-end; Thailand will continue using the uptick rule until end-September; Korea’s short-selling ban is due to expire in mid-September.