Securities / Derivatives

Securities / Derivatives

Fund Houses Plot China Growth Plans After Rules Relaxed

By AsianInvestor | 22/04/2020

With full ownership now on the table and various alternatives also open, foreign fund groups in China are weighing how to expand into a fast-changing market with lots of potential.

Enforcement

FSS Prompts JP Morgan Securities Seoul to Enhance Internal Controls

By Editors | 22/04/2020

South Korea’s FSS has reportedly instructed the Seoul branch of JP Morgan Securities to strengthen its internal controls on inter-subsidiary relations.

Enforcement

Singapore Police Open Probe into Renowned Oil Trader

By Editors | 21/04/2020

Hin Leong Trading’s founder admitted to concealing $800mn in losses from oil futures. The firm now unpaid debts of $3.85bn. Up to 23 banks are affected.

Securities / Derivatives

SEBI Extends Short Selling, Volatility Curbs Until 28 May

By Editors | 21/04/2020

SEBI has extended March measures that tightened market-wide position limits, raised margin rates, and capped on index derivatives positions.

Securities / Derivatives

Korea: Banks, Brokers Propose ‘Bad Bank’ to Recover Lime Asset Losses

By Editors | 21/04/2020

19 banks and securities firms will likely comprise the new entity, which will be charged with acquiring and selling the assets of Lime Asset Management’s funds.

Securities / Derivatives

Philippine SEC Moves to Protect Minority Shareholders from Abuse

By Editors | 20/04/2020

Asset sales representing 51% of total assets will require approval from two-thirds of shareholders; minority shareholders will be able to call meetings and add agenda items.

ESG / Sustainability

A Focus on Governance, Stewardship, and Engagement

By Siew Kai Choy | 20/04/2020

Boards must prioritise and assess culture as a strategic asset, and develop an appreciation for how it may lead to behaviour with material consequences, says Siew Kai Choy.

AML / KYC

SFC Fines BOCOM International Securities for “Serious” Breaches

By Editors | 20/04/2020

The brokerage did not have effective controls to identify third party deposits, and “extensive deficiencies” were found in its handling of margin lending and margin calls.

Securities / Derivatives

Bursa Malaysia Raises Share Issue Limits, Extends Filing Deadlines

By Editors | 20/04/2020

Listed issuers are allowed to increase the general mandate threshold for new securities issues from the existing 10% to 20% of the total number of issued shares.