Securities / Derivatives

Securities / Derivatives

India to Accept AAA-rated Sovereign Securities as Collateral

By Manesh Samtani | 03/07/2018

Clearing arm of BSE’s India INX at GIFT City will accept AAA-rated international sovereign securities with maturities over 5 years as collateral from clearing members and custodians, starting with US treasuries.

Securities / Derivatives

India Mulls Allowing Mutual Funds in Commodities Derivatives – Report

By Garima Chitkara | 28/06/2018

Market regulator SEBI discussing whether to allow retail investors to participate in commodity derivatives through mutual funds; may also allow derivatives based on commodity indices.

Securities / Derivatives

Hong Kong Finalises OTC Derivatives Framework

By Garima Chitkara | 28/06/2018

HKMA and SFC published conclusions from their March 2018 consultation on LEI requirements, reporting norms and platform trading.

Securities / Derivatives

SGX Introduces Dual Class Shares Structures

By Manesh Samtani | 28/06/2018

New rules on dual class shares will permit equal voting process on certain issues and cap multiple voting shares at 10 votes a share, with sunset clauses to auto-convert them to ordinary voting shares.

Securities / Derivatives

Sri Lanka Bourse To Launch New Board for SMEs

By Garima Chitkara | 27/06/2018

The Colombo Stock Exchange and the securities regulator are launching an SME board next week to encourage equity financing by small firms and boost growth and corporate governance in the sector.

Securities / Derivatives

Philippine Bourse to Introduce Short Selling

By Manesh Samtani | 26/06/2018

Only members of PSE index and ETFs are eligible for short selling, up to a maximum of 10% of outstanding shares; naked short selling not permitted.

Market Infrastructure

India Proposes LEI Rules For All Financial Transactions

By Garima Chitkara | 25/06/2018

RBI releases draft rules which would require the use of LEIs for non-derivatives transactions, having already announced a phasing in for OTC derivatives markets.

Securities / Derivatives

First CDR Applicant Xiaomi Postpones Mainland Listing

By Garima Chitkara | 20/06/2018

Xiaomi, the first applicant for China’s Depository Receipt programme has decided to put its CDR offering on hold until after its Hong Kong IPO later this month.

Market Infrastructure

Cambodia Opens Applications for New CIS-Related Licences

By Garima Chitkara | 20/06/2018

Cambodia’s securities regulator has started accepting applications for licences for fund managers, distributors, administrators, trustees, among other CIS-related activities.