Securities / Derivatives

Securities / Derivatives

Tokyo Stock Exchange to Ease Rules on Delistings, IPOs – Report

By Editors | 17/03/2020

Companies that have fallen into negative net worth as a result of the coronavirus pandemic will have 2 years before their shares are delisted, up from 1 year currently.

Securities / Derivatives

Japan Unveils New Foreign Investment Rules for Consultation

By Editors | 17/03/2020

Foreign financial institutions subject to regulatory supervision are eligible for a “blanket exemption” from the pre-notification requirement.

Securities / Derivatives

MAS Revises Code on Collective Investment Schemes

By Manesh Samtani | 16/03/2020

The changes extend the requirements imposed on approved trustees and managers to VCCs, VCC directors and VCC custodians, while also introducing a best interest duty.

Securities / Derivatives

UPDATED – BOJ Introduces New Lending Facility, Expands Asset Purchases

By Editors | 16/03/2020

The new 8 trillion yen lending facility will offer banks one-year, zero-interest loans collateralised by corporate debt securities. The BOJ is also doubling its annual ETF purchase capacity.

Securities / Derivatives

Hong Kong to Allow 60 Days Grace for Publishing Annual Reports

By Editors | 16/03/2020

Listed issuers may defer annual report publication for 60 days if they have published their preliminary results, management accounts or specified material financial information before 31 March.

Securities / Derivatives

Singapore Exchange Introduces S$5m Covid-19 Care Package

By Editors | 16/03/2020

S$1.5mn will be contributed to national healthcare-support programmes, while S$3.5mn will be used to support Singapore-listed companies and SGX employees and contract staff.

Securities / Derivatives

ASIC Directs Equity Market Participants to Limit Trading

By Editors | 16/03/2020

The move is a response to a particularly large increase in trades executed on Friday, largely attributable to algorithmic and high frequency trading.

Securities / Derivatives

SET Tightens Short Selling Rule After Second Trading Halt

By Editors | 14/03/2020

Short selling orders can now only be executed at prices higher than the last traded price, the SET said after its circuit breaker was triggered for the second day in a row.

Securities / Derivatives

FSC Korea Imposes Complete Ban on Short-Selling for Six Months

By Editors | 14/03/2020

The FSC is also loosening rules on share buybacks and lifting minimum collateral coverage requirements for securities firms, while the BOK considers an interest rate cut.