Securities / Derivatives

Enforcement

Samsung Securities Dividend Error Prompts Industry Wide Probe

By Manesh Samtani | 12/04/2018

The firm mistakenly paid out dividends worth 33 times its market cap; FSS will inspect how unauthorised ‘ghost stocks’ were sold by employees.

Enforcement

Former Maybank Executive Jailed for Insider Trading

By Samuel Riding | 11/04/2018

Ex head of equity markets at Malaysia’s largest bank also fined $250,000 for offences which occurred more than 10 years ago.

Securities / Derivatives

SFC Identifies Best Practices for Alternative Liquidity Pools

By Editors | 10/04/2018

ALP operator guidelines should include third-party order routing and information about prioritisation for orders simultaneously posted to exchanges; all ALP users should be qualified investors.

Market Infrastructure

Bursa Malaysia Enhances Collective Investment Rules

By Editors | 07/04/2018

Unit holder protections, corporate governance, disclosure quality to be enhanced; applicable to REITs, ETFs, closed-end funds.

Securities / Derivatives

IOSCO Issues Corporate Bond Transparency Recommendations

By Editors | 07/04/2018

Better access to information will aid regulator functions, enhance cross-border information sharing, enable better informed investment decisions, boost market liquidity.

Securities / Derivatives

ASIC Updates Client Money Guidance as New Restrictions Take Effect

By Editors | 06/04/2018

Licensees may not use OTC derivative client money for own obligations, working capital; new reporting requirements to increase transparency on client money use.

Securities / Derivatives

Indian Banks Can Spread Bond Losses Over Four Quarters

By Garima Chitkara | 05/04/2018

Banks to get a breather from taking immediate losses on rising government yields, as provisioning on NPLs have put pressure on profitability across the industry.

Securities / Derivatives

Foreign Hedge Funds Regain Access to Chinese Investors

By Editors | 04/04/2018

FT reports a revival of QDLP programme, allowing wealthier Chinese to invest in foreign-focused private equity and hedge funds.

Enforcement

CSRC Flexes Muscles with Internal Control, Market Integrity Rules

By Samuel Riding | 02/04/2018

Securities regulator, which remains independent after recent reshuffle, tightens rules on investment bank internal controls, securities and futures market participation.