Securities / Derivatives

Securities / Derivatives

ASIC to Audit Broker Sales of Listed Investment Funds

By Editors | 14/01/2020

ASIC is reviewing whether sales commissions paid by fund managers to brokers or financial advisers to sell funds compromise the best interests of investors.

Enforcement

FSS Korea Probes Fraud Involving Small-cap Stocks

By Editors | 14/01/2020

A group of investors is suspected of taking control of small firms, only to then release news designed to inflate share prices or raise more capital to enrich themselves.

Fintech / Regtech

Legal Certainty Needed to Advance DLT Adoption in Derivatives

By Editors | 14/01/2020

ISDA, Clifford Chance, R3 and the Singapore Academy of Law have published a new whitepaper analysing the legal issues relating to the use of smart derivatives contracts on a distributed ledger.

Securities / Derivatives

Indian Stock Exchanges Introduce Cross Margining Facilities

By Editors | 13/01/2020

NSE launched the cross-margining facility from Friday (10 January), whereas BSE India will introduce it from Wednesday (15 January).

Securities / Derivatives

HKEX Asks Participants to Prepare Systems for Investor Compensation Levy

By Editors | 13/01/2020

While the collection of the investor compensation levy is currently suspended, exchange participants should take necessary actions to prepare for its calculation and payment.

Securities / Derivatives

SGX Enhances Listing Due Diligence Standards for Issue Managers

By Editors | 13/01/2020

The ABS listings due diligence guidelines and independence requirements have been incorporated into SGX’s mainboard listing rules.

Securities / Derivatives

Philippine SEC Issues New Corporate Governance Code

By Editors | 10/01/2020

The new code comes into effect on 12 January, and gives public companies and registered issuers 6 months to submit a new manual on corporate governance.

Securities / Derivatives

JP Morgan Applies for Control of China Futures Business

By Editors | 10/01/2020

The application to take a majority stake in Guangdong-based JPMorgan Futures follows the removal of the foreign ownership limit for futures companies on 1 January 2020.

Enforcement

SGX RegCo Adopts Risk-Based Approach to Quarterly Reporting

By Manesh Samtani | 10/01/2020

A new risk-based approach to quarterly reporting and stronger continuous disclosure requirements will apply from 7 February. The new whistleblowing office has also been established.