Securities / Derivatives

Securities / Derivatives

Hong Kong Allows Corporate Setup for Investment Funds

By JP Reimann | 18/05/2018

SFC’s new open-ended fund company (OFC) regime will allow investment funds to set up under corporate structures starting from 30 July 2018.

Market Infrastructure

BSE Receives US SEC “Designated Offshore Securities Market” Status

By Garima Chitkara | 17/05/2018

Designation will allow Indian exchange BSE to sell securities to US investors without needing to register them with the US SEC.

Securities / Derivatives

ASIFMA: China’s Reforms Target Increased Foreign Participation

By Manesh Samtani | 17/05/2018

Beijing-based panellist emphasised the rule of law, clear and transparent regulation and increased competition from foreign intermediaries as key to China’s opening up.

Securities / Derivatives

ASIC Consults on Relief from Naked Short Selling Prohibitions

By Garima Chitkara | 16/05/2018

ASIC proposes to grant legislative relief on naked short selling prohibitions for ETF market-making, corporate actions and IPO sell-downs.

Capital / Liquidity

BCBS, IOSCO Target Simple, Transparent Securitisation Structures

By Garima Chitkara | 16/05/2018

Preferential regulatory capital treatment to be applied for banks acting as investors in or as sponsors of short-term securitisations that meet ‘simple, transparent and comparable’ criteria.

Securities / Derivatives

New SEBI Committee to Rework FPI Rules

By Garima Chitkara | 16/05/2018

New committee to rationalise foreign investment rules and remove ambiguities and gaps in the FPI regime while keeping the broad framework intact.

Capital / Liquidity

SFC Fund Manager Code of Conduct – What You Need to Know

By Derek McGibney | 16/05/2018

The ten key points you need to know about the SFC’s consultation conclusions on changes to the Fund Manager Code of Conduct, due to be implemented in six months’ time.

Fintech / Regtech

IOSCO Meets to Discuss Investor Protection, Emerging Risks

By JP Reimann | 15/05/2018

Board to develop support framework to help members address impact of ICOs on investor protection; agree to launch ‘Fintech Network’ to facilitate collaboration on fintech.

Securities / Derivatives

HKMA Reveals Details of Pilot Bond Grant Scheme

By Garima Chitkara | 14/05/2018

Eligible bond issuers can apply for a grant equivalent to half of eligible issuance expenses, including for debt origination and structuring, legal, audit, sales and distribution, up to HKD2.5mn.