Securities / Derivatives

Enforcement

Soros-Linked Fund Manager Fined in Hong Kong for Naked Short Selling

By Editors | 07/12/2018

SFM HK Management Ltd, owned by New York’s Soros Fund Management, was fined HK$1.5mn for short selling Great Wall Motors bonus shares before they were available for trading.

Market Infrastructure

Shanghai-London Stock Connect Launch Delayed – Report

By Editors | 07/12/2018

The launch has reportedly been delayed in connection with a Brexit parliamentary vote and a lack of clarity from Chinese regulators on technical issues.

Capital / Liquidity

SFC Revised Code for Funds to Take Effect from January 2019

By Manesh Samtani | 07/12/2018

Amended ‘Code on Unit Trusts and Mutual Funds’ to take effect in January with 12-month transition period. Proposals on classification of derivatives funds have been revised.

Enforcement

China Unifies Enforcement of Bond Markets Under CSRC

By Editors | 05/12/2018

The move to unify regulation of the bond markets under one authority is aimed at improving the overall regulatory system and preventing systemic risk.

Market Infrastructure

SEBI Consults on Proposals to Allow Indian Firms to List Overseas

By Editors | 05/12/2018

An expert panel constituted by SEBI has issued recommendations that, if adopted, would enable Indian firms to list overseas and foreign companies to list directly in India.

Market Infrastructure

Calastone to Migrate Global Funds Network to Blockchain

By Matthew Chan | 04/12/2018

By moving to a blockchain platform, Calastone seeks to address the high cost of funds distribution and operational risk resulting from manual processes, older systems and legacy technology.

Market Infrastructure

SEBI Issues Cybersecurity Framework for Brokers, Depository Participants

By Manesh Samtani | 04/12/2018

Stockbrokers and depository participants will have to formulate a comprehensive cyber security and cyber resilience policy document in accordance with the guidelines by April 2019.

Securities / Derivatives

CSRC Approves UBS Majority Control of China Securities JV

By Editors | 04/12/2018

UBS will become the first foreign financial institution to take a controlling stake in a China-based securities joint venture, having now received formal approval from the CSRC.

Securities / Derivatives

China Eases Restrictions on Index Futures Trading

By Editors | 04/12/2018

The CFFEX has lowered margin requirements and trading costs on stock index futures, while also raising the daily trading limit on individual futures products.editors