Securities / Derivatives

Securities / Derivatives

China Tightens Rules on Stock Pledges, Repos

By Editors | 17/01/2018

Shenzhen, Shanghai exchanges confirm stock pledges and repos must serve real economy, limit proportion of stock allowed to be pledged.

Market Infrastructure

Korea Announces Measures to Reform Kosdaq Market to Support Startups

By Garima Chitkara | 15/01/2018

Measures include overhauling Kosdaq listing requirements, strengthening competitiveness, and improving market soundness and investor trust.

Enforcement

The Return of ‘Super Alpha’ and Regulatory Arbitrage

By Peter Guy | 15/01/2018

The return of SAC Capital’s founder with a new venture reveals the complicated ethics of a post financial crisis world.

Securities / Derivatives

ESMA Publishes List of Derivatives Subject to MiFID II Trading Rules

By Samuel Riding | 11/01/2018

Listed securities must be traded on regulated markets or organised trading facilities; no APAC venues yet to be granted equivalency.

Securities / Derivatives

Thailand Allows Securities Firms to Offer Bitcoin Futures Locally

By Manesh Samtani | 11/01/2018

The SEC says fraud and money laundering not points of concern as CBOE and CME markets are properly supervised.

Market Infrastructure

Korea’s Reduction in Foreign Shareholder Capital Gains Tax Threshold Arouses Concern

By Garima Chitkara | 10/01/2018

Government to cut threshold from 25% to 5%, ASIFMA says reduction will challenge securities firms, produce no tax revenue.

Securities / Derivatives

HKEx Considering New Rules to Boost Trading Volumes

By Garima Chitkara | 10/01/2018

HK exchange looking to establish new trading rules, including rebates, simplified collateral regulations and removal of 10bp stamp duty charge.

Securities / Derivatives

MiFID II – Just the Start of a Perfect Storm for Research

By Peter Guy | 08/01/2018

The unbundling of research costs will not only create more transparency but usher in a collapse and change in banking research.

Capital / Liquidity

Japan Regulator to Overhaul Supervision and Restructure

By Samuel Riding | 08/01/2018

FSA’s move towards ‘dynamic supervision’ includes scrapping inspection manuals, restructuring governance, internal structure and HR policy.