Securities / Derivatives

Securities / Derivatives

India Raises FPI Investment Limits for Govt, Corporate Debt

By Editors | 17/04/2018

Investment limits raised almost 10% effective 12 April, with additional increases set for October.

Enforcement

SFC Reprimands, Fines Nomura’s Instinet $2.2mn

By Editors | 16/04/2018

The firm failed to put in place reasonable controls to ensure non-proprietary orders received execution priority, prevent erroneous and disorderly orders being sent to the market.

Capital / Liquidity

China Restricts Borrowings, Suspends OTC Options to Curb Brokerage Risks

By JP Reimann | 16/04/2018

Central bank will cap outstanding balances of short-term financing tools at 60% of a brokerage’s net capital; cap to be adjusted every six months based on brokers’ liquidity profiles.

Fintech / Regtech

SFC Eying Rules on Instant Message Trade Orders

By Samuel Riding | 16/04/2018

Executive director also says regulator to develop common standard on the content and format of data required to be kept by investment firms.

Capital / Liquidity

China to Revive QDII Scheme for Outbound Investment

By Editors | 15/04/2018

SAFE has invited financial institutions to seek new quotas under the scheme; institutions’ total QDII quota to be capped at 8 percent of fund assets, will not be allowed to apply for fresh quotas if under 70 percent of existing allocations are used up.

Market Infrastructure

PBOC Confirms Financial Sector ‘Opening up’ Plans

By Samuel Riding | 14/04/2018

Governor Yi Gang confirms there will eventually be no limits on foreign ownership of financial institutions; quadruples Stock Connect quotas.

Market Infrastructure

India to Level Playing Field Through ‘Managed Co-location Services’

By Garima Chitkara | 12/04/2018

SEBI asks exchanges to provide technical know-how and expertise to small traders that buy their co-location services in order to level the playing field among exchange members.

Enforcement

Samsung Securities Dividend Error Prompts Industry Wide Probe

By Manesh Samtani | 12/04/2018

The firm mistakenly paid out dividends worth 33 times its market cap; FSS will inspect how unauthorised ‘ghost stocks’ were sold by employees.

Enforcement

Former Maybank Executive Jailed for Insider Trading

By Samuel Riding | 11/04/2018

Ex head of equity markets at Malaysia’s largest bank also fined $250,000 for offences which occurred more than 10 years ago.