Securities / Derivatives

Enforcement

Singapore Convicts Three Front-Runners Under Insider Trading Laws

By Editors | 11/07/2019

Two First State equity dealers told a UOB Kay Hian remisier about their firm’s intended orders to front-run trades in 100 counters, leading to over S$8mn in insider trading profits over 8 years.

Securities / Derivatives

SFC Strengthens Protections for Client Assets Held by AIs

By Editors | 09/07/2019

Intermediaries and AIs must sign an acknowledgement letter making clear that assets held in designated client asset accounts are protected from recourse.

Securities / Derivatives

India Proposes Additional GIFT City Tax Incentives

By Editors | 08/07/2019

Existing tax incentives have been extended to 10 years from 5 years. New exemptions for dividend distribution tax and alternate investment funds also proposed.

Securities / Derivatives

SSE STAR Market to Start Trading on 22 July

By Editors | 08/07/2019

The Shanghai Stock Exchange has said the first batch of listings on the new science and technology innovation board will start trading on 22 July.

Market Infrastructure

Philippine SEC Drafts Framework for Cross-border Publication of Research

By Editors | 08/07/2019

Under the draft framework, capital market professionals authorised by the SEC can issue research reports in ASEAN countries that are MoU signatories: Malaysia, Singapore and Thailand.

Securities / Derivatives

China to Launch New Futures Contracts

By Editors | 08/07/2019

China will launch futures contracts in urea, rubber and glutinous rice, and potentially stainless steel futures later in the year.

Securities / Derivatives

CSRC to Use Investor Protection Funds to Bail Out Brokers in Crisis

By Editors | 08/07/2019

The draft rules say securities firms would need to provide equivalent collateral for loans from the Investor Protection Fund, which will charge 1.5 times the market lending rate.

Securities / Derivatives

HKEX to Expand Closing Auction Session to All Equities, Funds

By Editors | 08/07/2019

The expansion will help improve trading liquidity at close, simplifying operations of market participants, and standardise closing times for equities.

Securities / Derivatives

China to Resume Approvals for Domestically Funded Securities Firms

By Editors | 07/07/2019

All newly approved brokerages since 2008 have been joint ventures between domestic and foreign investors. But market access should also be broadened to domestic investors, the CSRC says.