Securities / Derivatives

Market Infrastructure

Giancarlo Proposes Multilateralism in CFTC Cross-border Approach

By Manesh Samtani | 03/10/2018

In a white paper, Giancarlo proposes an alternative cross-border framework that pursues multilateralism and gives deference to non-US jurisdictions with comparable G20 swaps reforms.

Market Infrastructure

MAS Goes Live with Reporting Requirement for OTC Commodity, Equity Trades

By Manesh Samtani | 02/10/2018

Firms must report OTC derivatives transactions in commodities and equities to a licensed trade repository; DTCC welcomes the MAS’ move to improve transparency and reduce risk.

Securities / Derivatives

BSE India Commences Commodity Derivatives Trading

By Editors | 02/10/2018

The BSE has become the first stock exchange in India to offer commodity trading as it launches futures contracts in gold and silver.

Securities / Derivatives

HK Bourse Proposes to Suspend Firms with Disclaimer, Adverse Audit Opinions

By Editors | 02/10/2018

A trading suspension would be imposed if a listed company’s auditor has issued a disclaimer or adverse opinion on the company’s financial statements.

Securities / Derivatives

S. Korea to Level Playing Field for Domestic PE Funds

By Manesh Samtani | 01/10/2018

The FSC plans to ease rules that are said to limit the shareholder rights of domestic private equity funds and put them on even footing with foreign funds.

Securities / Derivatives

China Tightens Rules on Offshore Operations of Brokerages, Funds

By Garima Chitkara | 01/10/2018

Brokerages and fund houses should ensure a “concise and transparent” network of overseas subsidiaries and ensure foreign units focus on the core business and not conduct any non-financial business.

Enforcement

RBI Consults On Market Abuse Prevention Rules

By Garima Chitkara | 01/10/2018

The draft guidelines will ban price manipulation in any financial instrument or benchmark rate and require market participants to put in place internal policies to monitor for market abuse.

Capital / Liquidity

China Seeks to Boost Interbank Bond Issuances by Foreign Institutions

By Editors | 27/09/2018

PBOC and MOF have issued guidelines clarifying the requirements for foreign governments and institutions issuing interbank bonds in China.

Securities / Derivatives

FTSE Russell Index to Include China, MSCI Considers Increased Weighting

By Manesh Samtani | 27/09/2018

FTSE Russell to include China A-shares in global and emerging market benchmarks in three tranches; MSCI consults on increasing China weighting over two years.