Securities / Derivatives

ESG / Sustainability

Japan to Revise Stewardship Code to Include ESG Factors

By Editors | 12/12/2019

The proposed revisions could be adopted as early as March, increasing the focus on ESG factors for institutional investors in Japan.

Market Infrastructure

China Issues Revised Trading Rules for Interbank FX Market

By Editors | 12/12/2019

The rules are intended for both domestic and foreign institutions, in line with recent draft rules from SAFE that sought to allow foreign firms to trade RMB foreign exchange derivatives.

Securities / Derivatives

NSE Launches Interest Rate Options on 10-Yr Govt Bond

By Editors | 11/12/2019

Interest rate options on 10 year government bonds provide institutional investors a new tool to hedge interest rate risk.

Fintech / Regtech

KRX to Tighten Rules on Algorithmic and AI-based Trading

By Editors | 11/12/2019

Algorithmic trading is not illegal in Korea, but authorities have long been concerned that the practice may cause market confusion and disadvantage retail investors.

Enforcement

SEBI Bans Fidelity Trader and Family Members for Front-Running

By Editors | 10/12/2019

The trader used non-public information to front-run impending trades of Fidelity Group entities with his mother and sister’s trading accounts from Hong Kong.

Securities / Derivatives

RBI Relaxes Restriction on Foreign Exchange Hedging

By Editors | 10/12/2019

Residents and non-residents will be allowed to undertake OTC currency derivative transactions up to $10mn without having to evidence underlying exposure.

Securities / Derivatives

SFC, HKMA to Launch New Survey to Assess Product Selling Risks

By Editors | 10/12/2019

The survey will help the SFC and HKMA identify risks associated with the selling activities of intermediaries and coordinate their responses to address areas of common concern.

Big Picture

Fund Managers to Remain in Regulatory Spotlight in 2020: Moody’s

By Editors | 10/12/2019

Asset managers will remain in the regulatory spotlight as authorities actively work to reduce conflicts of interest in financial advice and elevate supervision of fund liquidity management.

Securities / Derivatives

SEBI Proposes Mandatory Benchmarking of Alternative Investment Funds

By Editors | 09/12/2019

Alternative investment funds with at least a three-year track record will have to be benchmarked against industry peers and their performance disclosed to investors.