Securities / Derivatives

Securities / Derivatives

Cambodia, Indonesia Signs Derivatives Cooperation Pact

By Garima Chitkara | 20/06/2018

CDX has signed a cooperation agreement with JFX to boost derivatives trading in Cambodia; securities regulator set to issue more derivatives trading licences.

Securities / Derivatives

Hong Kong Targets September for OTC Derivatives Margin Rules

By JP Reimann | 20/06/2018

SFC consultation proposes to phase-in IM requirements to avoid market disruption; VM to take effect on 1 September 2019.

Enforcement

Goldman Faces Naked Short Selling Fine in S. Korea

By Manesh Samtani | 19/06/2018

South Korean branch of Goldman Sachs International said its naked shorts were the result of an institutional investor reversing a decision to lend it shares; the firm faces a fine up to $896,000.

Market Infrastructure

China Proposes Communist Party Unit at Listed Firms

By Garima Chitkara | 18/06/2018

The CSRC has proposed establishing a ‘CCP Unit’ at firms already listed and those looking to list on Chinese stock exchanges, for the purpose of carrying out Party activities.

Securities / Derivatives

India Eases Rules For FPI Investment In Corporate Bonds

By Garima Chitkara | 18/06/2018

RBI has loosened some restrictions on residual maturity and concentration limits on corporate bond holdings by foreign investors in a bid to boost demand and support the rupee.

Enforcement

CSRC Warns New Economy Firms Against IPO Over-Pricing

By Garima Chitkara | 18/06/2018

CSRC has singled out five new economy firms whose share prices had “wild swings” or dropped significantly below their highs or offer prices soon after listing.

Securities / Derivatives

UPDATED – SGX Granted Extension for Continued India Derivatives Trading

By Manesh Samtani | 18/06/2018

SGX, NSE ordered to facilitate continued listing of SGX Nifty products for at least two successive contract months beyond arbitration; injunction preventing SGX from launching new successor products to remain in effect pending final outcome.

AML / KYC

GIFT City Exchanges Launch Omnibus Account Structure

By Manesh Samtani | 14/06/2018

BSE’s India INX and NSE IFSC have launched the segregated nominee account structure, allowing foreign investors to avoid direct FPI registration and instead trade Indian equities through established intermediaries.

Uncategorised

Rules Relaxed for Chinese Investment in Taiwan-Listed Foreign Firms

By Garima Chitkara | 14/06/2018

Regulator does away with rules requiring Chinese investors to apply for QDII license to invest in foreign firms listed in Taiwan; foreign firms can also solicit Chinese investment through private placements, rights issues or stake transfer.