Securities / Derivatives

AML / KYC

India Withdraws FPI Tax Surcharge Amid Foreign Pressure

By Editors | 26/08/2019

The surcharge, introduced last month, increased capital gains tax on foreign trusts investing in India to over 40%, prompting the stock market’s worst July in 17 years.

Market Infrastructure

EU Shareholder Rights Directive – It’s Time for APAC Firms to Act

By Demi Derem | 26/08/2019

Though a European regulation, SRD II will directly impact Asian intermediaries and hundreds of billions of euros in assets held by APAC investors, says Demi Derem at Broadridge.

AML / KYC

Investors Accuse BSEC Chairman of Embezzlement, Money Laundering

By Editors | 24/08/2019

The chairman of Bangladesh’s securities regulator is alleged to have approved IPOs for companies that falsified their financial statements to show higher profitability.

Market Infrastructure

SFC Highlights Liquidity Risk Management Deficiencies at Funds

By Editors | 24/08/2019

The SFC asks fund managers to review their current policies, procedures, systems and processes and take immediate action to rectify any inadequacies or deficiencies.

Securities / Derivatives

SEBI Eases Requirements for FPI Registration

By Editors | 23/08/2019

SEBI has consolidated 57 circulars and 183 FAQs issued over the years into a single circular for FPIs, easing several requirements in the process.

Securities / Derivatives

ASIC Proposes Ban on Binary Options, Restrictions on CFDs

By Editors | 23/08/2019

In 2018, licensed binary options and CFD issuers made about $2bn from these products, largely attributed to retail client losses, fees and costs.

Enforcement

SEBI Targets Insider Trading with Informant Reward Mechanism

By Editors | 22/08/2019

Whistleblowers will be eligible for rewards up to $139,000 and, if culpable themselves, for amnesty or settlement with SEBI.

Securities / Derivatives

SZSE ChiNext Board to Adopt Registration Based IPO System

By Editors | 22/08/2019

Shenzhen’s ChiNext board has begun work to prepare for adoption of a registration-based IPO system, currently in use at Shanghai’s new tech board.

Market Infrastructure

Goldman Files Application to Control China Securities JV

By Editors | 22/08/2019

Goldman is seeking to bring its China business in line with its operations in other parts of the world – as its local partner folds its operations into the joint venture.