Securities / Derivatives

    Enforcement

    UPDATED – South Korea Cracks Down on High-Risk Derivatives Sales

    By Editors | 14/11/2019

    Penalties for mis-selling are being toughened to include fines up to 30 million won and punitive fines up to 50 percent of unfair gains. New standards for professional investors also established.

    Securities / Derivatives

    SEBI Cuts IPO Listing Time to Just Three Days

    By Editors | 13/11/2019

    The move comes as the country’s securities regulator has extended its timeline to make all retail applications for public equity issues to be paid exclusively using digital payment application, UPI.

    Securities / Derivatives

    Malaysia Finalises Requirements for Electronic Trading Platforms

    By Editors | 13/11/2019

    The new rules went into effect on 11 November and require that electronic trading platforms and networks obtain prior approval from the central bank before offering services in Malaysia.

    Securities / Derivatives

    SET Launches Interbank Payment System for Securities Transactions

    By Editors | 13/11/2019

    The new system will provide greater convenience for investors, alleviate intermediaries’ cash management burden, and mitigate payment risks in the banking system.

    Securities / Derivatives

    MAS Grants Dalian Commodity Exchange RMO Licence

    By Editors | 12/11/2019

    China’s Dalian Commodity Exchange has been recognised by the MAS as a market operator, allowing it to promote iron ore futures to Singapore investors.

    Securities / Derivatives

    SEBI Issues New Operations Guidelines for Foreign Investors

    By Editors | 11/11/2019

    Under the new guidelines, banks from non-BIS countries are eligible for FPI licences, and foreign firms can directly invest in India on behalf of their clients.

    Fintech / Regtech

    Ageing Infrastructure Creating Derivatives Market Inefficiencies: ISDA Chief

    By Editors | 10/11/2019

    Firms still take more than a day on average to resolve reconciliations and disputes caused by a lack of data transparency through the trade lifecycle.

    Enforcement

    Former HKTV Staff Member Jailed for Insider Dealing

    By Editors | 09/11/2019

    HKTV’s former senior regulatory affairs manager made over HK$160,000 in profit from trading on insider information in December 2013.

    Market Infrastructure

    China Extends Use of Bond Collateral to All Domestic Futures

    By Editors | 08/11/2019

    The CCDC has signed a memorandum of cooperation with the SHFE, ZCE, DCE, CFFEX, and Shanghai’s INE, building on previous efforts to enable the use of bonds as collateral for futures trading.

    AML / KYC

    SEBI Allows Intermediaries, Funds to Use Aadhaar for e-KYC

    By Editors | 08/11/2019

    Intermediaries and mutual fund distributors are not allowed to store investors’ Aadhaar numbers “under any circumstances”.

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