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AML / KYC
SFC Goes Live with Amended Professional Investor Rules
By Manesh Samtani | 19/07/2018
Holding companies of existing qualified professional investors will gain status as professional investors; intermediaries must obtain confirmation that their shareholders are notified of the change.
Market Infrastructure
SEBI Proposes New Rules for Auditors, Other Fiduciaries
By Manesh Samtani | 19/07/2018
Under the new proposals, fiduciaries providing false information in audit or valuation reports will face stringent penalties, including bans from securities markets and forced repayment of any gains deemed unlawful.
Securities / Derivatives
HK Exchange Publishes Structured Products Listing Guide
By Manesh Samtani | 18/07/2018
Guide provides clearer framework and timelines to facilitate more efficient introduction of new structured products.
Enforcement
MUFG Brokerage Unit Primary Dealer Status Suspended
By Manesh Samtani | 17/07/2018
Dealer found to be manipulating prices in JGB futures trading, resulting in one-month suspension of the firm’s primary dealer status for one month.
Securities / Derivatives
Thailand to Expand Collateral Allowed for Margin Trading
By Manesh Samtani | 16/07/2018
The SEC is consulting on allowing debt instruments, government securities, and mutual fund units as collateral for margin accounts at securities firms.
Securities / Derivatives
China Blocks Southbound Access to Dual-Class Stocks
By Manesh Samtani | 16/07/2018
Shanghai and Shenzhen bourses release joint statement barring domestic investors from trading in foreign companies, stapled securities and stocks with weighted voting rights structures listed in Hong Kong.
Securities / Derivatives
SEBI Blocks Cash Payments To Stock Brokers
By Garima Chitkara | 16/07/2018
Stock brokers are no longer allowed cash payments either directly or deposited into their bank accounts, as India aims to promote digital payments and a cashless economy.
Securities / Derivatives
SGX to Roll Out Central Clearing for Bilateral OTC FX Derivatives
By Garima Chitkara | 16/07/2018
Singapore Exchange to launch trading solutions allowing privately negotiated OTC FX trades to be cleared like standard FX futures; launch set for 27 August encompassing five currency pairs, including USD/CNH.
Securities / Derivatives
FSC Eases Listings for Taiwan Owned Foreign Companies
By Emma Zhou | 13/07/2018
New rules to attract overseas companies to list in Taiwan include the removal of a profitability requirement and a shortening of the FSC’s listing application review process.
Market Infrastructure
SEBI Amends Stress Testing Methodology for Commodity Derivatives
By Garima Chitkara | 12/07/2018
Minimum capital requirement for settlement guarantee fund has been fixed at INR100mn, as opposed to being determined through daily stress tests.
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