Securities / Derivatives

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.

Securities / Derivatives

CSRC Approves Credit Suisse Majority Control of Securities JV

By Editors | 20/04/2020

The approval allows Credit Suisse to raise its stake in a joint venture with Founder Securities from 33.3% to 51%, making it the latest foreign firm to gain majority control of a domestic brokerage in China.

Securities / Derivatives

SFC Seeks Certainty on ETF Market Making Continuity

By Editors | 18/04/2020

ETF management companies should procure more than one market maker, or secure arrangements for alternative market makers to quickly step in if there is a disruption.

Securities / Derivatives

Japan Extends Deadlines for Filing Securities Reports, Holding AGMs

By Editors | 18/04/2020

Japan’s FSA has extended the submission deadline for corporate securities reports to the end of September, while companies are being encouraged postpone annual shareholder meetings or hold them virtually.

Securities / Derivatives

UPDATED – Singapore REITs Granted Relief on Cash Flow, Fundraising

By Editors | 17/04/2020

MAS is raising the leverage limit for S-REITs and deferring implementation of the minimum interest coverage ratio requirement, on top of recently-announced enhanced share issue limits.

Crypto / Digital Assets

Malaysia SC Announces Capital Market Measures to Support Businesses

By Editors | 17/04/2020

The measures include relief for publicly listed companies from PN17 (financial distress) classification, even if they fall below certain regulatory thresholds.