Securities / Derivatives

Big Picture

Short-selling Bans Negatively Impact Market Quality: WFE

By Editors | 01/05/2020

A review of academic research shows that it “almost unanimously” points towards short-selling bans being disruptive for the orderly functioning of markets.

Big Picture

Australia, NZ, China, Japan Get Low Grades on Fund Regulation, Tax

By Editors | 01/05/2020

Australia, New Zealand, China, Japan are among the nations that have received the lowest scores on tax settings and regulatory regimes for the managed funds industry, according to a new Morningstar study.

Securities / Derivatives

SEBI Extends Mutual Fund Deadlines for Lowering Unlisted Debt Holdings

By Editors | 30/04/2020

Mutual funds will now have until 30 September to reduce their holdings of unlisted non-covertible debentures to 15% of assets, and until 31 December to reduce it to 10%.

Enforcement

Korea: FSS Confirms ‘Bad Bank’ Plan to Recover Lime Asset Losses

By Editors | 29/04/2020

FSS governor Yoon Suk-heun also pledged to establish a sustainable monitoring system, in light of events at Lime Asset Management and last year’s derivative product mis-selling at banks.

Securities / Derivatives

Malaysia SC Eases Rules for Issuing Convertible Notes to VC, PE Firms

By Editors | 28/04/2020

The flexibilities are aimed at easing the fundraising process for MSMEs as well as small and mid-cap companies, making it more cost-effective and reducing time to market.

Securities / Derivatives

CBIRC Instructs Banks to Halt Risky Crude Oil Products – Reports

By Editors | 28/04/2020

The verbal directions came nearly a week after an estimated $1.4bn in losses were recorded in a crude oil futures trading product sold by Bank of China.

Securities / Derivatives

SGX, CITIC Securities Agree to Collaborate Across Borders

By Editors | 28/04/2020

SGX and CITIC Securities will collaborate on FICC, REIT, equity, debt and related derivatives markets, among other areas.

Securities / Derivatives

Shenzhen’s ChiNext Moves Closer to Market-based IPO System

By Editors | 28/04/2020

The new registration-based IPO system will simplify the months or years companies typically have to wait before listing their shares.

Securities / Derivatives

Malaysia Extends Short Selling Ban by Two Months

By Editors | 28/04/2020

The short-selling suspension will now last until 30 June 2020, to ensure to manage risks and mitigate any excessive speculative activities.