Securities / Derivatives

Fintech / Regtech

SFC Issues Guidance on Outsourcing of Data Storage

By Editors | 01/11/2019

Licensed corporations must ensure cyber and operational risks are properly mitigated and that the SFC’s access to regulatory records is not restricted or otherwise undermined.

Enforcement

SFC Fines China Rise for Short Selling, Cross Trading Breaches

By Editors | 31/10/2019

China Rise’s former CEO placed 199 illegal short selling orders in 2014, and an unnamed senior manager executed cross trades at a price detrimental to the client.

Market Infrastructure

Singapore Brokers Experience DDoS-related Disruption

By Editors | 31/10/2019

MAS said a small number of stock brokers encountered DDoS attacks last week, but only “limited disruption” resulted due to their mitigation services being activated.

Securities / Derivatives

UBS Becomes First Foreign Firm to Sponsor STAR Market IPO

By Editors | 30/10/2019

China-based UBS Securities, now majority-controlled by UBS Group AG, was the sole underwriter for the IPO, which is also now the first STAR Market stock dually-listed in Hong Kong.

Securities / Derivatives

China Commodity Exchanges to Stop Double-counting Trade Volumes

By Editors | 30/10/2019

The SHFE, DCE and ZCE will all move to reporting on a single-count basis from 1 January 2020, in a bid to converge with international standards.

Securities / Derivatives

HKEX Issues Guidance for Overseas Companies Seeking HK Listings

By Editors | 29/10/2019

The guidance materials have been enhanced to improve access to the Hong Kong market and to facilitate the application process.

Securities / Derivatives

CSRC to Boost Competitiveness of NEEQ, ChiNext Markets

By Editors | 28/10/2019

The CSRC is speeding up its reform efforts for the NEEQ and ChiNext markets to ensure their competitiveness, and inclusiveness to small and innovative firms.

Enforcement

FSS to Conclude Probe into Derivatives Mis-selling This Week

By Editors | 28/10/2019

The FSS will conclude its investigation into KEB Hana and Woori Bank this week. KEB Hana and its CEO are expected to face higher penalties for ‘obstructing’ the investigation.

Enforcement

SEBI, US SEC Probe IT Major Infosys for “Unethical Practices”

By Editors | 28/10/2019

SEBI and the US SEC are probing Infosys after whistleblowers alleged costs were under-reported to inflate profits and “critical information” was hidden from auditors and the board.