Securities / Derivatives

Securities / Derivatives

SET Revises Circuit Breaker Mechanism to Curb Volatility

By Editors | 18/03/2020

The circuit breaker will be triggered in three stages instead of two. The ceiling and floor limits for securities and derivatives are also revised.

Securities / Derivatives

S. Korea Revises FX Derivatives Rule to Ease USD Funding Stress

By Editors | 18/03/2020

The limits on banks’ foreign currency forward positions will be raised to guard against a US dollar funding shortage amid a mass exodus of foreign capital.

Enforcement

AMP Units Pay ASIC Penalties for Trade Reporting Failures

By Editors | 18/03/2020

The AMP entities failed to report information about over 1,000 derivatives transactions and to correctly report collateral information about over 19,000 transactions over several years.

Capital / Liquidity

Philippine Markets Shut, Central Bank Promises Regulatory Relief

By Editors | 17/03/2020

The Philippines has halted stock, bond and currency trading ‘until further notice’. The BSP is urging banks to provide financial relief to customers and employees.

Securities / Derivatives

Tokyo Stock Exchange to Ease Rules on Delistings, IPOs – Report

By Editors | 17/03/2020

Companies that have fallen into negative net worth as a result of the coronavirus pandemic will have 2 years before their shares are delisted, up from 1 year currently.

Securities / Derivatives

Japan Unveils New Foreign Investment Rules for Consultation

By Editors | 17/03/2020

Foreign financial institutions subject to regulatory supervision are eligible for a “blanket exemption” from the pre-notification requirement.

Securities / Derivatives

MAS Revises Code on Collective Investment Schemes

By Manesh Samtani | 16/03/2020

The changes extend the requirements imposed on approved trustees and managers to VCCs, VCC directors and VCC custodians, while also introducing a best interest duty.

Securities / Derivatives

UPDATED – BOJ Introduces New Lending Facility, Expands Asset Purchases

By Editors | 16/03/2020

The new 8 trillion yen lending facility will offer banks one-year, zero-interest loans collateralised by corporate debt securities. The BOJ is also doubling its annual ETF purchase capacity.

Securities / Derivatives

Hong Kong to Allow 60 Days Grace for Publishing Annual Reports

By Editors | 16/03/2020

Listed issuers may defer annual report publication for 60 days if they have published their preliminary results, management accounts or specified material financial information before 31 March.