Securities / Derivatives

AML / KYC

SSE, SZSE Propose Rules Changes to Implement Investor ID Regime

By Editors | 25/11/2019

Under the regime, brokers must assign a unique digital code that identifies each investor, who will be “deemed to agree” that their information may be transferred to the Hong Kong SFC and SEHK.

Securities / Derivatives

Nomura Joint Venture Secures China Securities Business Licence

By Editors | 25/11/2019

Nomura Orient International Securities, 51% owned by its Japanese parent, will be allowed to operate brokerage, investment consulting, proprietary trading, and asset management businesses.

Securities / Derivatives

CSRC Approves Launch of New Commodity Options Contract

By Editors | 25/11/2019

PTA, methanol, iron ore and gold options will launch in December and rapeseed meal options will launch in mid-January.

Securities / Derivatives

EFS Reporting for Derivatives to Start in Q3 2020: APRA

By Editors | 23/11/2019

APRA has determined that only ANZ, BNP Paribas, Citibank, CBA, Deutsche Bank, HSBC, JP Morgan, Macquarie, MUFG, NAB, Sumitomo Mitsui and Westpac will be required to report under ARS 722.0.

Securities / Derivatives

SEBI Approves New Rules for Portfolio Managers

By Editors | 23/11/2019

Among the rules are a higher net worth requirement for portfolio managers,  a doubling of the minimum investment requirement for PMS funds, and mandatory appointment of a custodian.

Securities / Derivatives

SEBI Requires Listed Companies to Disclose Defaults Within 24 Hours

By Editors | 22/11/2019

Effective from 1 January, once a listed company falls 30 days behind on loan repayment it will have 24 hours to disclose the default, even before it is classified as an NPA by the lender.

Enforcement

SFC Warns Against Concealing Identities of Transacting Counterparties

By Manesh Samtani | 22/11/2019

Listed entities should disclose counterparties’ controllers and beneficial owners in corporate transactions. Asset managers should maintain effective controls to detect dubious arrangements or transactions.

Market Infrastructure

Japan FSA Reviews Proposal to Reorganise Tokyo Bourse

By Editors | 22/11/2019

The proposal would recast the TSE’s existing boards into a “prime” market for blue chips, a “standard” market for mid-tier companies and a “growth” board for startups.

Crypto / Digital Assets

MAS Consults on Regulatory Approach for Crypto Derivatives

By Garima Chitkara | 21/11/2019

The MAS has received indications of interest for bitcoin and ether derivatives, regulated under the SFA, to be made available to investors in Singapore.