Securities / Derivatives

Securities / Derivatives

SEBI Issues Disclosure Guidelines for Listed Debt Securities

By Editors | 29/05/2019

SEBI requires debenture trustees to continuously disclose the status of interest and redemption payments, meaning that any default or delay of payment will be disclosed within a day of the due date.

Market Infrastructure

ISDA Proposes Further Definition Changes to Improve CDS Market

By Editors | 29/05/2019

The new proposal will amend the definition of “Outstanding Principal Balance”, which determines the principal amount of a bond or loan that must be delivered to physically settle a CDS contract.

Securities / Derivatives

HKEX Launches First 2x Inverse ETF

By Editors | 29/05/2019

In its three year strategic plan unveiled earlier this year, HKEX said it would work to become a hub for the issuance and trading of ETFs in Asia.

Securities / Derivatives

India Opens Voluntary Retention Route for FPIs

By Editors | 28/05/2019

The revised VRR scheme is open for allotment as of 27 May, allowing FPIs to invest in government securities and corporate debt up to an aggregate limit of $7.8bn.

Enforcement

SFC Fines China Merchants Securities for IPO Sponsor Failures

By Editors | 28/05/2019

China Merchants Securities was a joint sponsor with UBS – fined in March – for the 2009 IPO of China Metal Recycling, which was found to have fabricated financial information.

Securities / Derivatives

HK to Suspend Stocks on Disclaimer, Adverse Audit Opinions

By Editors | 27/05/2019

Trading in a Hong Kong listed company will be suspended if the auditor issues a disclaimer or adverse opinion for any financial year commencing on or after 1 September 2019.

Securities / Derivatives

Sino-Japan ETF Connect Launched; Six Cross-Border ETFs Approved

By Editors | 27/05/2019

The announcement follows an ETF Connectivity Agreement signed by JPX and the SSE last month, where both agreed to establish an system for cross-listings of ETFs.

Crypto / Digital Assets

MAS Sandbox Admits SGX-Backed Digitised Securities Platform iSTOX

By Editors | 27/05/2019

From within the sandbox, iSTOX is currently onboarding the first batch of issuers and investors who will participate in issuance and trading of digitised securities starting in 4Q 2019.

Securities / Derivatives

India INX Allows Direct Trading on LME, ICE, Eurex, Euronext

By Editors | 24/05/2019

The first trade on the LME from India INX took place on 21 May, in copper.