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Securities / Derivatives
China: Fees Hinder Entry of Foreign Distressed Debt Funds – Report
By Editors | 18/02/2020
Offshore funds have to rely on accounting and law firms throughout the three- to four-year life cycle of a transaction in China, at cost of up to 15% of the transaction’s value.
Securities / Derivatives
Whistleblowing Policy to Become Mandatory for SGX Listed Companies
By Editors | 18/02/2020
SGX RegCo chief Tan Boon Gin wants to hardcode a whistleblowing policy into the Listing Rules to make compliance mandatory. A consultation will be launched in June.
Securities / Derivatives
Bangladesh Banks to Get Credit Support for Stock Market Investment
By Editors | 17/02/2020
Stock market investment through the credit support package will not count towards the maximum allowed stock market exposure of 25% of capital.
Enforcement
FSC Korea to Lower Derivatives Mis-selling Fines for Woori, KEB Hana
By Editors | 17/02/2020
The FSC will impose lower penalties than what was recommended by the FSS, citing the two banks’ cooperation and their agreements to compensate clients for damages.
Securities / Derivatives
SEBI Introduces New System to Detect Broker Misuse of Client Securities
By Editors | 17/02/2020
An online register will record brokers’ holdings of client securities, clubbing all such information collected by exchanges, depositories and clearing corporations for all types of trades.
Securities / Derivatives
CSRC Loosens Rules on New Fundraising by Listed Firms
By Editors | 15/02/2020
The CSRC has relaxed pricing and lock-up restrictions to incentivise listed companies to raise new funding from strategic investors through non-public offerings.
Enforcement
Korea to Strengthen Regulatory Framework for Hedge Funds
By Manesh Samtani | 15/02/2020
The FSC will cap illiquid investments at 50% for open-ended funds, require them to conduct regular stress tests, raise transparency of complex fund structures, and enhance supervisory monitoring.
Crypto / Digital Assets
IOSCO Offers Guidance on Regulating Crypto-asset Trading Platforms
By Editors | 14/02/2020
The report provides a toolkit of possible measures for key considerations relevant to authorities for regulating crypto-asset trading platforms.
Capital / Liquidity
India Doubles Pension Fund Manager Net Worth Requirement
By Editors | 13/02/2020
The increase brings the requirements for pension fund managers in line with those for managers of mutual funds regulated by SEBI.
Securities / Derivatives
BSP Bars Bank Affiliates from Holding Bank-Issued Debt
By Editors | 12/02/2020
The prohibition is aimed at preventing related parties from obtaining undue advantage when transacting in debt instruments issued by affiliated banks.
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