Securities / Derivatives

Market Infrastructure

Japan FSA, CFTC Agree to Mutually Recognise Derivatives Platforms

By Editors | 15/07/2019

Certain FSA-regulated derivatives trading platforms will be exempt from the requirement to register with the CFTC, and the FSA will facilitate authorisation for CFTC-regulated platforms.

Market Infrastructure

SGX Launches New Trading Engine from Nasdaq

By Editors | 15/07/2019

The upgrade standardises and unifies SGX’s operations, messaging and data infrastructure, enabling greater flexibility, speed and cost-efficiency when launching new products and services.

Securities / Derivatives

China, UK Seek to Establish Bond Market Connectivity – Report

By Editors | 12/07/2019

Following the success of the Hong Kong Bond Connect and Shanghai-London Stock Connect, China and the UK are exploring the feasibility of a bond connect programme.

Market Infrastructure

RBI Proposes to Extend Trading Hours for Forex, Money Market

By Editors | 11/07/2019

An RBI working group has proposed extending onshore FX trading from 5pm to 9pm, in a bid to recapture liquidity lost to offshore markets in recent years.

Securities / Derivatives

SGX RegCo Announces Changes to Voluntary Delisting Rules

By Editors | 11/07/2019

The new rules require exit offers in conjunction with voluntary delistings to be both “reasonable” and “fair”, and exclude the offeror and concert parties from the shareholder vote.

Securities / Derivatives

China Introduces Trading Alerts for Interbank Repo Rates

By Editors | 11/07/2019

The move follows the PBOC’s suspension of traders earlier this week for “abnormal” trades which put the overnight repo rate far below normal market rates.

Enforcement

Singapore Convicts Three Front-Runners Under Insider Trading Laws

By Editors | 11/07/2019

Two First State equity dealers told a UOB Kay Hian remisier about their firm’s intended orders to front-run trades in 100 counters, leading to over S$8mn in insider trading profits over 8 years.

Securities / Derivatives

SFC Strengthens Protections for Client Assets Held by AIs

By Editors | 09/07/2019

Intermediaries and AIs must sign an acknowledgement letter making clear that assets held in designated client asset accounts are protected from recourse.

Securities / Derivatives

India Proposes Additional GIFT City Tax Incentives

By Editors | 08/07/2019

Existing tax incentives have been extended to 10 years from 5 years. New exemptions for dividend distribution tax and alternate investment funds also proposed.