Securities / Derivatives

ESG / Sustainability

SGX Becomes First Asian Exchange to List Catastrophe Bonds

By Editors | 27/11/2019

The ‘World Bank Philippines Catastrophe Bonds’ will finance up to $225mn of financial protection against earthquakes and tropical cyclones for the Philippines over the next three years.

Securities / Derivatives

CSRC Formally Bars Manipulation of Futures Markets

By Editors | 27/11/2019

The CSRC prohibits four types of futures trading manipulation, including false trading and activities intended to spread false information or create confusion among investors.

Securities / Derivatives

HKMA Warns FIs Against Churning Investment Funds for Clients

By Manesh Samtani | 25/11/2019

The HKMA has issued new guidance aimed at preventing, detecting and mitigating misconduct risks at financial institutions in the selling of investment funds.

AML / KYC

SSE, SZSE Propose Rules Changes to Implement Investor ID Regime

By Editors | 25/11/2019

Under the regime, brokers must assign a unique digital code that identifies each investor, who will be “deemed to agree” that their information may be transferred to the Hong Kong SFC and SEHK.

Securities / Derivatives

Nomura Joint Venture Secures China Securities Business Licence

By Editors | 25/11/2019

Nomura Orient International Securities, 51% owned by its Japanese parent, will be allowed to operate brokerage, investment consulting, proprietary trading, and asset management businesses.

Securities / Derivatives

CSRC Approves Launch of New Commodity Options Contract

By Editors | 25/11/2019

PTA, methanol, iron ore and gold options will launch in December and rapeseed meal options will launch in mid-January.

Securities / Derivatives

EFS Reporting for Derivatives to Start in Q3 2020: APRA

By Editors | 23/11/2019

APRA has determined that only ANZ, BNP Paribas, Citibank, CBA, Deutsche Bank, HSBC, JP Morgan, Macquarie, MUFG, NAB, Sumitomo Mitsui and Westpac will be required to report under ARS 722.0.

Securities / Derivatives

SEBI Approves New Rules for Portfolio Managers

By Editors | 23/11/2019

Among the rules are a higher net worth requirement for portfolio managers,  a doubling of the minimum investment requirement for PMS funds, and mandatory appointment of a custodian.

Securities / Derivatives

SEBI Requires Listed Companies to Disclose Defaults Within 24 Hours

By Editors | 22/11/2019

Effective from 1 January, once a listed company falls 30 days behind on loan repayment it will have 24 hours to disclose the default, even before it is classified as an NPA by the lender.