SECURITIES / DERIVATIVES

Enforcement

China’s Didi Required to Face Investor Lawsuit Over 2021 IPO

By Editors | 19/03/2024

Besides allowing the investor lawsuit to proceed against Didi, the US court also refused to dismiss claims against banks that helped the company go public.

Securities / Derivatives

Taiwan FSC Conducting Inspections at ETF Issuers – Report

By Editors | 18/03/2024

One of the areas the FSC is scrutinising is the use of online influencers by fund houses to promote their products.

Enforcement

China: Police Take “Criminal Coercive Measures” Against Zhongzhi Execs

By Mark Johnston | 18/03/2024

A criminal probe against Zhonzhi  was launched in November 2023 after the company, which controls several asset and wealth management firms, said it was “severely insolvent”.

Enforcement

FSC Korea to Take Hana CEO DLF Case to Supreme Court

By Editors | 18/03/2024

The FSC has decided to appeal a High Court ruling that nullified a reprimand warning imposed on Hana Financial Group CEO Ham Young-joo in 2020.

Enforcement

CSRC Unveils New Policies for Boosting Stock Market Quality

By Manesh Samtani | 18/03/2024

The policies tighten the rules for IPO applicants, increase oversight of listed companies, and impose obligations on brokers and investment banks.

Securities / Derivatives

SEBI to Scale Back Launch of Optional T+0 Settlement Cycle

By Ajoy K Das | 18/03/2024

SEBI said the “beta version” of the optional T+0 settlement system has been approved by its board, but only for a “limited set of 25 scrips” and “with a limited set of brokers”.

Securities / Derivatives

SEBI Exempts Certain FPIs from Additional Disclosure Requirements

By Ajoy K Das | 16/03/2024

SEBI also approved two other proposals, one to relax the timelines for disclosures of material changes, and the other to allow FPIs to reactivate an expired registration.

Securities / Derivatives

India: Five PSBs Required to Dilute Government Stake by August

By Ajoy K Das | 15/03/2024

Out of 12 public sector banks, five have not yet complied with India’s minimum public float requirements, which is required by August 2024.

Market Infrastructure

Hong Kong Considers Scaling Back Severe Weather Trading Plans

By Sanday Chongo Kabange | 15/03/2024

Hong Kong is reportedly considering whether to still keep local markets closed during the most severe weather events to help smaller firms continue operations.