Securities / Derivatives

Securities / Derivatives

HKEX to Include Climate Risk Disclosures in ESG Framework

By Manesh Samtani | 19/12/2019

Listed companies will have to disclose climate-related issues on a ‘comply or explain’ basis, HKEX said in its conclusions from a May consultation to update its ESG reporting framework

Securities / Derivatives

SFC Concludes Consultation on OTC Derivatives Margin Requirements

By Manesh Samtani | 19/12/2019

IM requirements will be phased in for firms with AANA exceeding HK$375bn starting from 1 September 2020, the same date VM requirements take effect.

Securities / Derivatives

China’s Bond Defaults: Is It Time to Be Worried?

By CorporateTreasurer | 19/12/2019

Tewoo’s debt restructuring breaks the market’s assumption that offshore creditors will get full repayment in debt workouts. Investors in China’s SOEs need to brace for more defaults.

Securities / Derivatives

IOSCO Offers Guidance on Reducing Conflicts in Debt Capital Raising

By Editors | 18/12/2019

The guidance includes proposed regulatory measures to address potential conflicts of interest and associated conduct risks that could arise in the debt capital raising process.

Securities / Derivatives

SEBI Restricts FPI Service Provisioning by Local Asset Managers

By Editors | 18/12/2019

Asset management companies can provide management and advisory services to “appropriately regulated entities” such as pension funds, insurance companies, banks and mutual funds.

Securities / Derivatives

NZ FMA Identifies Weaknesses in Fund Custody Arrangements

By Editors | 17/12/2019

An FMA review found that custody administration tasks are often being delegated back to fund managers, which weakens the separation of functions and duties.

Securities / Derivatives

CFETS Rolls Out Foreign Currency Pledged Repo Business

By Editors | 17/12/2019

The move is aimed at reducing the costs of foreign currency financing and diversifying foreign currency financing instruments.

Securities / Derivatives

SFC to Allow Hong Kong ETFs to Invest in Overseas Master ETFs

By Editors | 17/12/2019

The SFC will authorise index tracking feeder ETFs that want to invest in an overseas-listed, non-SFC authorised master ETF on a case-by-case basis.

Securities / Derivatives

CSRC Issues Pilot Rules for Spin-Off IPOs by Listed Companies

By Editors | 17/12/2019

To spin off a unit, a listed company should have three-year cumulative net profits of at least 600mn yuan, which is lower than the 1bn yuan requirement proposed in an August consultation.