Securities / Derivatives

Market Infrastructure

Japan Set to Consult on Reorganisation of TSE Boards

By Editors | 02/12/2019

The TSE will consult on the criteria for companies to move to the First Section, and measures to enhance the independence of listed subsidiaries from their parent companies.

Securities / Derivatives

SEBI Lists Permissible Jurisdictions for Depository Receipts Issuance

By Editors | 02/12/2019

Indian companies will be allowed to issue depository receipts on exchanges in the US, Japan, Korea, the UK, France, Germany, Canada, and India’s own international financial centre known as Gift City.

Enforcement

Third Individual Jailed in SGX Derivatives Spoofing Case

By Editors | 29/11/2019

The former proprietary trading firm director furnished a false statement to SGX Derivatives Trading with the intent of deceiving it about trading activities in futures contracts.

Securities / Derivatives

SGX RegCo Proposes Removal of Minimum Trading Price Rule

By Editors | 29/11/2019

SGX RegCo is proposing to scrap the MTP rule in light of its suite of other measures to deal with market manipulation, including the pairing of trading restrictions with ‘Trade with Caution’ alerts.

Securities / Derivatives

CFTC Fines Goldman $1mn for Three Weeks of Missing Phone Records

By Editors | 28/11/2019

Goldman’s phone recording hardware failed in January 2014 an went undetected for three weeks, thereby impeding an unrelated CFTC investigation.

Enforcement

Korea Progresses Financial Consumer Protection Bill

By Editors | 28/11/2019

The bill, approved by the national policy committee, contains six sales regulations to be applied to all financial products and establishes a legal basis for penalising firms in violation.

Securities / Derivatives

SGX Enhances Securities Borrowing and Lending Programme

By Editors | 28/11/2019

Effective from 2 December, new variable rates will make it more attractive for institutional investors to borrow securities, increasing the opportunity for securities holders to generate income.

Securities / Derivatives

Indian Exchanges Issue New Framework for Listing Commercial Paper

By Editors | 28/11/2019

The listing framework for commercial papers will lead to more transparency, a better disclosure regime and greater investor protection.

Securities / Derivatives

SGX to Develop New Products Using China Bond Indices

By Editors | 27/11/2019

SGX, ICBC and the CCDC will explore the development of new index fund products using newly-launched China Bond Indices as the underlying, to be listed in Singapore.