Securities / Derivatives

Enforcement

Lime Asset, Shinhan Investment Raided in Hedge Fund Misselling Probe

By Editors | 20/02/2020

Investigators were dispatched to both firms to secure computer drives and documents linked to alleged misselling and fraud at both firms.

Securities / Derivatives

SEBI Forms Municipal Bonds Development Committee

By Editors | 18/02/2020

The committee will advise on regulation to develop the primary and secondary markets for municipal bonds.

ESG / Sustainability

TWSE Amends Listed Company Guidelines to Enhance Governance, CSR

By Editors | 18/02/2020

The amendments include stock trading controls to prevent insider trading, ethical management units at listed companies, and disclosures of governance practices for managing climate risk.

Capital / Liquidity

SEBI Bars Portfolio Managers from Charging Upfront Fees

By Editors | 18/02/2020

SEBI has barred portfolio managers from charging upfront fees from clients and imposed caps on annual management fees and exit loads.

Securities / Derivatives

China: Fees Hinder Entry of Foreign Distressed Debt Funds – Report

By Editors | 18/02/2020

Offshore funds have to rely on accounting and law firms throughout the three- to four-year life cycle of a transaction in China, at cost of up to 15% of the transaction’s value.

Securities / Derivatives

Whistleblowing Policy to Become Mandatory for SGX Listed Companies

By Editors | 18/02/2020

SGX RegCo chief Tan Boon Gin wants to hardcode a whistleblowing policy into the Listing Rules to make compliance mandatory. A consultation will be launched in June.

Securities / Derivatives

Bangladesh Banks to Get Credit Support for Stock Market Investment

By Editors | 17/02/2020

Stock market investment through the credit support package will not count towards the maximum allowed stock market exposure of 25% of capital.

Enforcement

FSC Korea to Lower Derivatives Mis-selling Fines for Woori, KEB Hana

By Editors | 17/02/2020

The FSC will impose lower penalties than what was recommended by the FSS, citing the two banks’ cooperation and their agreements to compensate clients for damages.

Securities / Derivatives

SEBI Introduces New System to Detect Broker Misuse of Client Securities

By Editors | 17/02/2020

An online register will record brokers’ holdings of client securities, clubbing all such information collected by exchanges, depositories and clearing corporations for all types of trades.