Securities / Derivatives

Securities / Derivatives

China Approves Asset Managers to Offer Target Pension Products

By Editors | 09/08/2018

Fourteen asset managers have received approval to launch pension target funds, which will improve A-share liquidity and offer consumers more pension management alternatives.

Securities / Derivatives

Shanghai Bourse to Move to Closing Auction Mechanism

By Garima Chitkara | 09/08/2018

New call auction mechanism expected to reduce equity market price manipulation will go into effect on 20 August and also apply to transactions on the Hong Kong-Shanghai Stock Connect.

Securities / Derivatives

India’s Brokers Move Against Tax on Physically-Settled Equity Derivatives

By Garima Chitkara | 09/08/2018

Brokers’ lobby is asking the Bombay High Court for a resolution on an impasse between market participants and the NSE over a decision to levy a 0.1% tax on physically settled equity derivatives.

Securities / Derivatives

Chinese Alternative Asset Managers Dissolve in Record Number

By Manesh Samtani | 09/08/2018

The Asset Management Association of China says in the first half of 2018, 163 private fund institutions have failed to renew their registration status with the association every three months as required.

Securities / Derivatives

S. Korea Brokerages Lack Internal Warning Systems – FSS

By Garima Chitkara | 09/08/2018

Korean brokerages don’t have adequate internal systems that could prevent fat-finger errors like those that affected Samsung Securities in April.

Securities / Derivatives

CSRC Consults on Revised Mutual Funds Disclosure Rules

By Emma Zhou | 08/08/2018

New guidelines aim to protect the interests of investors by improving the quality of and access to disclosures and increasing accountability in the asset management sector with regard to disclosures.

Securities / Derivatives

SEBI to Discontinue Sub-Brokers as Registered Market Intermediaries

By Garima Chitkara | 07/08/2018

Sub-brokers will no longer exist as a regulatory category at SEBI and will need to become trading members or authorised persons starting from 31 March 2019.

Securities / Derivatives

ASIC Finalises Review Of Exchange Traded Products

By Garima Chitkara | 06/08/2018

ASIC review concludes that the ETP market is performing well in general, however, some concerns were raised on spread management and market maker concentration.

Securities / Derivatives

SFC Warns Against Disguised Margin Financing

By Editors | 06/08/2018

Suspected margin financing arrangements involve unlicensed affiliates of licensed corporations or third parties who appear to be engaging in securities margin financing without an SFC licence in order to circumvent regulatory requirements.