Securities / Derivatives

Capital / Liquidity

Bangladesh Imposes Limits on Bank Exposures to Non-Listed Securities

By Editors | 30/05/2019

The move comes just after the central bank allowed banks to exclude investments in non-listed securities from their capital market exposure calculations.

Securities / Derivatives

Thailand Looks to Ease Listing Rules for SMEs

By Editors | 30/05/2019

Revising the listing rules will be a key agenda item at a 1 June meeting between the SEC and SET, as the current rules may be too restrictive for SMEs.

Securities / Derivatives

SEBI Issues Disclosure Guidelines for Listed Debt Securities

By Editors | 29/05/2019

SEBI requires debenture trustees to continuously disclose the status of interest and redemption payments, meaning that any default or delay of payment will be disclosed within a day of the due date.

Market Infrastructure

ISDA Proposes Further Definition Changes to Improve CDS Market

By Editors | 29/05/2019

The new proposal will amend the definition of “Outstanding Principal Balance”, which determines the principal amount of a bond or loan that must be delivered to physically settle a CDS contract.

Securities / Derivatives

HKEX Launches First 2x Inverse ETF

By Editors | 29/05/2019

In its three year strategic plan unveiled earlier this year, HKEX said it would work to become a hub for the issuance and trading of ETFs in Asia.

Securities / Derivatives

India Opens Voluntary Retention Route for FPIs

By Editors | 28/05/2019

The revised VRR scheme is open for allotment as of 27 May, allowing FPIs to invest in government securities and corporate debt up to an aggregate limit of $7.8bn.

Enforcement

SFC Fines China Merchants Securities for IPO Sponsor Failures

By Editors | 28/05/2019

China Merchants Securities was a joint sponsor with UBS – fined in March – for the 2009 IPO of China Metal Recycling, which was found to have fabricated financial information.

Securities / Derivatives

HK to Suspend Stocks on Disclaimer, Adverse Audit Opinions

By Editors | 27/05/2019

Trading in a Hong Kong listed company will be suspended if the auditor issues a disclaimer or adverse opinion for any financial year commencing on or after 1 September 2019.

Securities / Derivatives

Sino-Japan ETF Connect Launched; Six Cross-Border ETFs Approved

By Editors | 27/05/2019

The announcement follows an ETF Connectivity Agreement signed by JPX and the SSE last month, where both agreed to establish an system for cross-listings of ETFs.