Securities / Derivatives

Securities / Derivatives

S. Korea to Level Playing Field for Domestic PE Funds

By Manesh Samtani | 01/10/2018

The FSC plans to ease rules that are said to limit the shareholder rights of domestic private equity funds and put them on even footing with foreign funds.

Securities / Derivatives

China Tightens Rules on Offshore Operations of Brokerages, Funds

By Garima Chitkara | 01/10/2018

Brokerages and fund houses should ensure a “concise and transparent” network of overseas subsidiaries and ensure foreign units focus on the core business and not conduct any non-financial business.

Enforcement

RBI Consults On Market Abuse Prevention Rules

By Garima Chitkara | 01/10/2018

The draft guidelines will ban price manipulation in any financial instrument or benchmark rate and require market participants to put in place internal policies to monitor for market abuse.

Capital / Liquidity

China Seeks to Boost Interbank Bond Issuances by Foreign Institutions

By Editors | 27/09/2018

PBOC and MOF have issued guidelines clarifying the requirements for foreign governments and institutions issuing interbank bonds in China.

Securities / Derivatives

FTSE Russell Index to Include China, MSCI Considers Increased Weighting

By Manesh Samtani | 27/09/2018

FTSE Russell to include China A-shares in global and emerging market benchmarks in three tranches; MSCI consults on increasing China weighting over two years.

Securities / Derivatives

US SEC Cautions Against Governance Risks from Dual Class Shares – Report

By Manesh Samtani | 26/09/2018

SEC commissioner Robert Jackson Jr reportedly urged Singapore and Hong Kong to maintain close oversight over companies with dual class share structures to mitigate against corporate governance risks.

Enforcement

CFTC Imposes Fine on Mizuho Bank in Spoofing Case

By Editors | 25/09/2018

A trader placed multiple large orders on CME and CBOT futures contracts from Mizuho’s Singapore office with no intention of executing them.

Securities / Derivatives

China Allows Direct Stock Investment with WMP Funds

By Garima Chitkara | 24/09/2018

The move is aimed at increasing investment into Chinese equities even as regulators take steps to reduce the risk posed by such products to bank balance sheets.

ESG / Sustainability

Hong Kong Lays Out Road Map for Green Finance Development

By Garima Chitkara | 24/09/2018

The SFC will require better environmental and climate risk disclosures by listed companies and asset managers, and will work with HKEX to promote green financial products.