Securities / Derivatives

AML / KYC

Hong Kong Announces Budget Initiatives to Boost Financial Sector

By Manesh Samtani | 26/02/2020

The initiatives include a waiver on stamp duties paid by ETF market makers, tax concessions for private equity funds, and planned enhancements to Hong Kong’s AML/CTF regime.

Securities / Derivatives

ASIC Proposes to Reduce Red Tape for Companies Planning IPOs

By Editors | 26/02/2020

ASIC proposes to grant conditional relief for voluntary escrow arrangements and pre-prospectus communications to existing shareholders and employees.

Securities / Derivatives

Bursa Malaysia Subsidiary to Assume All Regulatory Functions

By Editors | 25/02/2020

The establishment of the new wholly-owned subsidiary, ‘Bursa RegSub’, follows a similar approach to SGX, which formed SGX RegCo to undertake all regulatory functions in 2017.

Securities / Derivatives

SEBI Amends Margin Framework for Cash, Derivatives Segments

By Editors | 25/02/2020

Margin requirements will be lower for positions that are hedged against each other, making some options strategies more feasible for traders.

Enforcement

HKEX Finds Compliance Deficiencies at Exchange, Clearing Participants

By Editors | 25/02/2020

HKEX has asked 95 participants to address deficiencies relating to position limits and large open position reporting, risk management and China Connect trading activities.

Securities / Derivatives

SFC Highlights Key Regulatory Initiatives in Quarterly Report

By Editors | 25/02/2020

Among the initiatives were the launch of the new OFC regime for private fund managers, a regulatory framework for virtual assets, and enhancements to the investor compensation regime.

Market Infrastructure

ASX Consults on Tranche 2 Rule Changes for CHESS Replacement

By Editors | 24/02/2020

ASX is consulting on operating rules relating to corporate actions, mFund and RTGS payment aspects for ‘Day 1’ implementation of CHESS Replacement system functionality.

Securities / Derivatives

China Reopens Treasury Bond Futures Market to State-run Banks

By Editors | 24/02/2020

The domestic treasury bond futures market was closed in 1995 following a panic sell-off and the collapse of China’s largest brokerage at the time.

Securities / Derivatives

Japan: New Foreign Investment Rule to Impact Up to 500 Listed Firms

By Editors | 24/02/2020

Proposed ministry orders currently being finalised will reportedly exempt a wide range of foreign financial institutions and hedge funds from the reporting requirement.