Securities / Derivatives

Securities / Derivatives

China Prohibits SOEs from Speculative Derivatives Trading

By Editors | 22/01/2020

State-owned enterprises may only engage in derivatives trading for hedging purposes. Speculative derivatives trading is explicitly prohibited.

Market Infrastructure

S. Korea to Implement Asia Region Funds Passport on 27 May

By Editors | 22/01/2020

To register passport funds that can be offered in overseas markets, fund managers in Korea must have at least $500mn under management and meet a $1mn minimum capital requirement.

Securities / Derivatives

RBI Permits Gift City Trading of Rupee Derivatives

By Editors | 21/01/2020

The move will help address demands from overseas participants for the availability of better tools to hedge India exposures.

Securities / Derivatives

Vietnam to Tighten Bond Issuance Rules Amid Overheating Market

By Editors | 21/01/2020

The draft rules require that separate bond issuances be at least six months apart, and that issuers limit their issuances to three times capital.

Securities / Derivatives

SET Unveils Three Pillar Growth Strategy for 2020

By Editors | 21/01/2020

The SET will look to set up trading links with Cambodia, Laos, Myanmar and Vietnam this year, expecting much of its growth to be driven by offshore-related investment products and IPOs.

Securities / Derivatives

Philippine Regulators Ease REITs Rules with New Framework

By Editors | 21/01/2020

The new rules remove stringent tax and minimum public ownership requirements under a 2009 law that prevented the rise of REITs in the Philippine capital market.

Securities / Derivatives

SEBI Mandates Additional Disclosures for Debt Securities

By Editors | 21/01/2020

Under the new format, listed companies need to disclose deviations in the use of debt issuance proceeds from the objects stated in their offer documents.

Enforcement

CSRC Lifts Citadel Securities’ 4-Year Trading Suspension

By Editors | 21/01/2020

Citadel Securities has agreed to pay almost $100mn to settle charges that its algorithmic trading disrupted the market during the 2015 market correction.

Securities / Derivatives

SFC Offers Brokers, Fund Managers Guidance on Risk Governance

By Editors | 21/01/2020

Senior management, including the board, responsible officers and MICs will be held accountable for the overall risk management control of their firms.