Securities / Derivatives

Enforcement

CSRC Optimises Rules on Administrative Reconciliation

By Lucy Zhang | 13/08/2020

The revisions will help to ensure investors are compensated for losses in a timely manner and market order is restored as soon as possible, the CSRC says.

Enforcement

SFC Bans Account Exec for 18 Months Over Discretionary Trading

By Editors | 12/08/2020

The former China Tonghai Securities account executive effected over 6,000 trades in a client’s account on a discretionary basis for almost 7 years without authorisation.

Securities / Derivatives

Singapore, Israel to Enhance Supervisory Cooperation for Dual Listings

By Editors | 12/08/2020

SGX and the Tel-Aviv Stock Exchange entered a partnership in May 2018 pledging to engage technology companies to list on both exchanges, but so far no companies are dual listed on both.

Securities / Derivatives

Malaysia SC Increases Gearing Limit for M-REITs

By Editors | 12/08/2020

The increase is temporary to provide Malaysian REITs greater flexibility to manage cash flows and debt and capital structures more efficiently.

Securities / Derivatives

ASIC Issues Warning on Asset Valuations in Managed Funds

By Sanday Chongo Kabange | 12/08/2020

ASIC says it is aware that illiquid assets have been difficult to value amid the pandemic, but asserts that it is precisely in this context that valuations are most important.

Securities / Derivatives

Chinese Firms Continue to Seek US Listings Ahead of New Rules

By Editors | 12/08/2020

Chinese companies already listed on US bourses will have until 1 January 2022 comply with tougher IPO standards. New listings will have to comply sooner.

Securities / Derivatives

China to Deepen Financial Sector Opening-up Despite Worsening US Ties

By Editors | 12/08/2020

PBOC governor Yi Gang says China will continue to open up its financial sector in line with the phase one trade deal signed with the US in January.

Securities / Derivatives

CSRC Revises Rules on Corporate Bond Issuance, Trading

By Editors | 11/08/2020

One of the main changes is the removal of a requirement for bond issuers to seek credit ratings, which will make it easier for companies to sell debt securities.

Securities / Derivatives

IOSCO Outlines Key Elements of Effective Market Making Programmes

By Editors | 11/08/2020

The key elements may help promote the provision of liquidity, strengthen investor confidence, and foster fair and efficient markets, IOSCO says.