Securities / Derivatives

    Enforcement

    Five Major Banks Face UK Class Action in FX Rigging Case

    By Editors | 31/07/2019

    The class action, estimated to be worth more than $1.2bn for trades executed in the UK, follows a similar-size fine levied against the banks by the European Commission in May.

    Securities / Derivatives

    JPX, TOCOM Finalise Merger Agreement to Create Integrated Bourse

    By Editors | 31/07/2019

    TOCOM precious metals, agricultural and rubber products will be transferred to Osaka Exchange, a JPX subsidiary, creating an all-in-one bourse by July 2020.

    Securities / Derivatives

    CSRC Issues Comprehensive Rules for Brokerage Firms

    By Editors | 31/07/2019

    The role of brokerage firms in the securities market has not been fully utilised, and the professional services provided to investors are ‘seriously inadequate’, the CSRC says.

    Securities / Derivatives

    ASIC Proposes Disclosure Relief for Agent Securities Lenders

    By Editors | 30/07/2019

    The proposed relief will defer substantial holding notifications required of agent lenders to the time when lending authority is first exercised.

    Securities / Derivatives

    Twenty Suspended Firms Face Permanent Delisting in Hong Kong

    By Editors | 30/07/2019

    Of the 22 firms that were already suspended last August when new rules took effect, only two have so far been given the green light for their shares to resume trading.

    Securities / Derivatives

    SSE Star Market Stocks to Be Included in Stock Connect

    By Editors | 28/07/2019

    A shares listed on the SSE Star Market will be eligible for northbound trading once relevant business and technical preparations are completed.

    Securities / Derivatives

    Hong Kong Cracks Down on Backdoor Listings, Shell Activities

    By Editors | 28/07/2019

    Effective from 1 October, new rules from HKEX will prohibit large disposals of businesses or assets by listed companies for three years following a change in control.

    Securities / Derivatives

    UPDATED – ASIC to Review Active ETF Rules on Market Making

    By Editors | 26/07/2019

    ASIC has asked market operators not to admit any managed funds that do not disclose their portfolio holdings daily and have internal market makers, while it undertakes a review of its regulatory settings.

    Securities / Derivatives

    Taiwan to Launch Intraday Odd-lot Trading in H2 2020

    By Editors | 26/07/2019

    Currently, odd-lot trading is only permitted after-hours. Allowing intraday odd-lots trades is expected to boost retail stock market participation and increase daily turnover.

    Market Infrastructure

    NSE Clearing Retains Dominance as Interoperability Kicks In – Report

    By Editors | 25/07/2019

    Trading members and custodians have largely selected NSE Clearing over ICCL to settle trades in the equity cash segment following the introduction of clearing corporation interoperability.

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