Securities / Derivatives

Securities / Derivatives

Singapore: ACRA Proposes Amendments to Companies Act

By Editors | 22/07/2020

An ACRA working group recommends reforms to facilitate digitalisation, review financial reporting requirements, and safeguard shareholders’ interests, among other proposals.

Securities / Derivatives

SEBI to Phase In Stricter Stock Trading Margin Norms From December

By Editors | 22/07/2020

The new rules are expected to severely impact intra-day stock trading, which accounts for about 90% of the market volumes in India.

Securities / Derivatives

SGX, Nasdaq Agree to Streamline Dual Listing Process

By Editors | 21/07/2020

Under the agreement, information previously filed with the US SEC or Nasdaq can be used to fulfil documentary requirements for a dual listing in Singapore.

Securities / Derivatives

Malaysia Introduces Enhanced IPO Framework for Main Market

By Editors | 21/07/2020

The new framework will introduce a mandatory holistic consultation process, a longer exposure period for the draft prospectus, and a more liberal principal adviser regime.

Market Infrastructure

Bloomberg Begins Publishing IBOR Fallback Rates for Derivatives

By Editors | 21/07/2020

The calculations being published include the adjusted RFRs, the spread adjustment and the ‘all in’ IBOR fallback rates for certain key IBORs across various tenors.

Securities / Derivatives

CSRC Updates Rules for Managing Margin Deposits for Futures

By Editors | 21/07/2020

The revisions strengthen the obligations of depository banks and futures companies in managing margin deposits for futures trading, and clarify that the same rules apply for overseas participants.

AML / KYC

MAS Seeks Expanded Powers to Address Financial Sector Risks

By Manesh Samtani | 21/07/2020

MAS proposes to expand its powers to issue prohibition orders, regulate virtual asset service providers, and impose technology risk management requirements on firms.

Enforcement

NAFMII Penalises Bank of Beijing with Underwriting Suspension

By Editors | 20/07/2020

NAFMII says Bank of Beijing failed to perform due diligence and adequately monitor five bond issuances for Kangde Xin Composite Material Group, all of which defaulted in recent years.

Enforcement

Korea FSS Formally Launches Probe Into Private Funds Industry

By Editors | 20/07/2020

Any misconduct detected during the probe will be referred to prosecutors and follow-up efforts will be made to protect investors. The probe is expected to continue until 2023.