Securities / Derivatives

Enforcement

Hong Kong: Investors Seek Compensation for Failed IPOs – Report

By Editors | 11/05/2020

The SFC has issued almost HK$1bn in penalties for IPO sponsor failures over 20 years. These proceeds have gone to the government, not investors.

Market Infrastructure

ESMA Approves Four Trade Repositories for SFTR Reporting

By Editors | 10/05/2020

DTCC, UnaVista, KDPW and REGIS-TR will have their TR registrations for derivatives contracts under EMIR extended to include securities financing transactions under SFTR.

Securities / Derivatives

Japan’s New Foreign Investment Rules Take Effect

By Manesh Samtani | 10/05/2020

While a series of exemptions for foreign financial institutions have been granted, the new requirements only allow 30 days for full implementation on 7 June.

Securities / Derivatives

India: Gift City Exchanges Launch First Rupee Derivatives

By Editors | 09/05/2020

Rupee futures and options will offer overseas market participants new onshore tools to hedge their India exposures, reducing their reliance on offshore currency markets.

Securities / Derivatives

SEBI Defends Rules Limiting Mutual Fund Investment in Unlisted Debt

By Editors | 09/05/2020

SEBI was responding to recent comments by Franklin Templeton’s president, which appeared to in part blame the rules for the closure of six India funds.

Securities / Derivatives

Bank of China to Partially Shoulder Investors’ Crude Oil Losses

By Editors | 08/05/2020

The move followed a determination by the Financial Stability and Development Committee that the bank was at fault for not following investment suitability principles.

Market Infrastructure

China Scraps QFII, RQFII Quotas; Simplifies Outbound Remittance Rules

By Editors | 08/05/2020

QFII and RQFII investors will merely need to go through a registration process to invest in China. Requirements on outbound remittances and currency exchange have also been simplified.

Securities / Derivatives

Charles Li to Step Down as HKEX Chief Executive Next Year

By Editors | 07/05/2020

Charles Li has been chief executive for over 10 years, and is credited with the launch of Stock Connect, Bond Connect, HKEX’s new listing regime and its dual class share system.

Enforcement

US SEC Penalises Bloomberg Tradebook Over Order Routing

By Editors | 07/05/2020

Bloomberg Tradebook let unaffiliated brokers make decisions about the routing of certain customer trade orders in a way that lowered its own costs, without informing affected customers.