Securities / Derivatives

Enforcement

SEBI Proposes SRO Nomination Plan for Mutual Fund Distributors, Advisers

By Editors | 02/04/2019

A consultation proposes the creation of a nomination committee comprising external experts to recommend a self regulatory organisation for mutual fund distributors and advisers to curb mis-selling.

Market Infrastructure

NSE, SGX Reach Agreement on India Derivatives

By Editors | 01/04/2019

NSE and SGX have reportedly finalised an agreement that will enable SGX to offer trading in Nifty derivatives to Singapore investors through a special purpose vehicle operating as a broker at GIFT City.

Market Infrastructure

EU, Singapore Adopt Decision to Mutually Recognise Derivatives Venues

By Editors | 01/04/2019

The European Commission recognises Singapore trading venues as MiFIR-compliant; MAS has exempted EU trading facilities from its markets licensing requirements.

Securities / Derivatives

China Retail Investors Take a Liking to Government Bonds

By Editors | 29/03/2019

China’s pilot scheme allowing banks to sell government bonds to retail investors has been met with success, with over $200mn in bonds sold in a single day.

Enforcement

Singapore Charges Three for Spoofing Index Futures

By Editors | 28/03/2019

In a MAS-CAD joint investigation, three individuals are being charged for allegedly spoofing SGX-MSCI index futures and giving false statements to SGX.

Securities / Derivatives

SGX Bolsters Forex Business with BidFX Acquisition

By Editors | 28/03/2019

The acquisition is part of SGX’s strategy to build core pillars of growth across multiple asset classes, with FX being one of its key growth pillars.

Securities / Derivatives

SEBI Amends Norms on Mutual Fund Commissions, Disclosures

By Editors | 27/03/2019

SEBI has set a cap on up-fronting of trail commissions and amended disclosure rules to “protect the interests of investors.”

Enforcement

Citigroup Faces $1.2m Fine in Japan over Alleged JGB Manipulation

By Editors | 27/03/2019

Citigroup’s London office allegedly placed large orders in the 10-year JGB futures market outside of Japanese trading hours that were not executed, but may have mislead investors.

Market Infrastructure

CFTC Expands Margin Comparability Determination for Japan

By Editors | 27/03/2019

The amended determination for Japan finds comparability regarding the scope of entities subject to the margin requirements, and the treatment of margining for inter-affiliate transactions.