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Securities / Derivatives
CSRC Consults on Rules for Foreign Ownership in Securities Firms
By Manesh Samtani | 09/05/2018
Foreign majority shareholders must be reputable financial institutions with three year track record; Nomura becomes the latest to seek establishment of majority owned joint venture securities firm in China.
Securities / Derivatives
SEBI Extends Trading Hours for Equity Derivatives
By Manesh Samtani | 09/05/2018
The move will align trading hours of equity derivatives with commodity derivatives, effective 1 October, when individual Indian exchanges are also set to integrate stock and commodity trading.
Fintech / Regtech
Korea Joins Regional Peers in Adopting AI-based Market Surveillance
By JP Reimann | 08/05/2018
KRX launches new market surveillance system based on artificial intelligence; reduces time to secure data on suspicious transactions from 5 days to 1 hour.
Market Infrastructure
China Set to Revive RQDII with New Safeguards
By Garima Chitkara | 07/05/2018
Central bank forbids RQDII investors from exchanging the yuan for foreign currencies in offshore CNY investments.
Market Infrastructure
China Issues Draft Rules for Depository Receipt Issuance
By Manesh Samtani | 07/05/2018
Rules include requirements related to investor protection, information disclosures; Shanghai-London Stock Connect to allow cross listings of depository receipts.
Securities / Derivatives
SFC Issues New Rules on Instant Message Trade Orders
By JP Reimann | 07/05/2018
Regulator requires two years of full records, client authentication and validation, a written contingency plan and compliance reviews for instant messaging use.
Market Infrastructure
SEBI Issues New Risk Management Guidelines for Derivatives
By Editors | 04/05/2018
Guidelines to take effect in June specify margin calculation methods, collection and enforcement norms, and method of calculation of trading and clearing members’ liquid net worth, effective from June.
Market Infrastructure
Indian Exchanges Seek CFTC Approval for GIFT City Derivatives
By Garima Chitkara | 04/05/2018
NSE and BSE are looking to sell derivatives traded at GIFT City exchanges to American investors; aimed at countering competition with SGX, which is launching its own Indian equity derivatives offering in June.
Securities / Derivatives
Indonesia Scraps Margin Call Requirement for Options
By Editors | 04/05/2018
OJK amended rules for trading in options, doing away with the 10% margin call requirement. The move is expected to stop the flow of options trading to other markets that don’t have the requirement.
Securities / Derivatives
India Lifts Ban on Foreign Investments in T-bills
By Garima Chitkara | 04/05/2018
Central bank lifts three year residual maturity limits on foreign portfolio investment in government debt and consequently allows foreign investment into T-bills.
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