Securities / Derivatives

Securities / Derivatives

CSRC to Boost Competitiveness of NEEQ, ChiNext Markets

By Editors | 28/10/2019

The CSRC is speeding up its reform efforts for the NEEQ and ChiNext markets to ensure their competitiveness, and inclusiveness to small and innovative firms.

Enforcement

FSS to Conclude Probe into Derivatives Mis-selling This Week

By Editors | 28/10/2019

The FSS will conclude its investigation into KEB Hana and Woori Bank this week. KEB Hana and its CEO are expected to face higher penalties for ‘obstructing’ the investigation.

Enforcement

SEBI, US SEC Probe IT Major Infosys for “Unethical Practices”

By Editors | 28/10/2019

SEBI and the US SEC are probing Infosys after whistleblowers alleged costs were under-reported to inflate profits and “critical information” was hidden from auditors and the board.

Securities / Derivatives

Myanmar to Open Stock Market to Foreign Nationals in Phases

By Editors | 24/10/2019

The SECM has decided to open the stock market only to foreign nationals living in Myanmar for the time being, but a new board planned for Q3 2020 will reportedly allow foreigners to trade freely.

Enforcement

UBS Identifies ‘Inappropriate Spreads’ Charged to HK, SG Clients

By Editors | 24/10/2019

UBS may have charged some wealth management clients booked in Hong Kong and Singapore ‘inappropriate spreads’ on debt securities transactions between 2008 and 2015.

Securities / Derivatives

SEBI Allows Stock Exchange Listings of Commercial Paper

By Editors | 23/10/2019

SEBI says issuers have shown an interest in listing their commercial paper on stock exchanges to capture broader investor participation.

Enforcement

JPM, SocGen Earned $6.8mn on Money-Losing DLFs Sold in Korea

By Editors | 23/10/2019

FSS data shows that JP Morgan Chase and Société Générale earned nearly $6.8mn from the high-risk derivatives products sold through KEB Hana and Woori Bank.

Securities / Derivatives

China Eases Rules on Backdoor Listings for Some Firms

By Editors | 23/10/2019

Assets in high tech and strategically important emerging sectors that “conform to the national strategy” can be used to restructure ChiNext companies, the CSRC says.

Enforcement

FSC Korea to Raise Penalties for Illegal Short Selling

By Editors | 22/10/2019

On top of the higher penalties for illegal short selling, the FSC will penalise violators extra if they are found to have also engaged in unfair dealing.