ADVERTISEMENT
Enforcement
China Hands IPO Bans to 139 Funds on STAR Market Violations
By Editors | 25/07/2019
The funds were handed bans of 6 and 12 months for making IPO applications for shares on Shanghai’s new tech board that exceeded the size of their investments.
Market Infrastructure
BSE, SSE to Explore Dual Listings, Offshore RMB Products
By Editors | 23/07/2019
BSE India and the Shanghai Stock Exchange have agreed to develop communication channels to facilitate cross-border capital market cooperation.
Securities / Derivatives
China Kicks Off Trading in New SSE STAR Market
By Editors | 23/07/2019
The first batch of 25 stocks raised over $5.4bn and ended the day higher by an average of 140% from their IPO prices, with some rising as much as 520% during the session.
Securities / Derivatives
FSB Adjusts Timelines to Implement Recommended SFT Haircuts
By Editors | 22/07/2019
The FSB has adjusted the implementation timelines for its framework recommendations for haircuts on certain non-centrally cleared securities financing transactions to align with Basel III.
Market Infrastructure
China Announces 11 Measures to Open Up Financial Sector
By Editors | 22/07/2019
The measures ease restrictions on foreign investment in securities firms, asset management companies, FX brokerage, insurance and pension management, among others.
Securities / Derivatives
Myanmar Bourse May Open to Foreigners by Year-End
By Editors | 17/07/2019
Foreign investors will be allowed to hold up to a 35% stake in Myanmar-listed companies, as stipulated in the new Companies Law, which entered into force in August 2018.
Securities / Derivatives
Dhaka Bourse to Develop Tradeable Capital Market Indices
By Editors | 17/07/2019
The Shanghai and Shenzhen bourses, as strategic partners, will provide technical support to help the Dhaka Stock Exchange develop the new indices.
Enforcement
US SEC Penalises Nomura for Mis-sold Mortgage Backed Securities
By Editors | 17/07/2019
Nomura Securities International has agreed to repay approximately $25mn to affected customers and $1.5mn in SEC fines to settle the charges.
Market Infrastructure
SGX RegCo Proposes Price Limits for Auction Mechanism
By Editors | 16/07/2019
SGX already uses dynamic circuit breakers during continuous trading, but there is currently nothing similar used during the opening, mid-day and closing auctions.
Market Infrastructure
Japan Completes Migration to T+2 Securities Settlement Cycle
By Editors | 16/07/2019
Japan has migrated to its new T+2 securities settlement cycle, on schedule, following a final successful migration rehearsal test over the weekend.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team