Securities & Trading

The update expands the scope of the standard beyond securities to include OTC derivatives, baskets, emission allowances and carbon credits.

SEBI has relaxed its minimum public offer requirements just days after revealing a number of new initiatives in its annual report.

The changes will discourage opportunistic class actions and protect companies from liability unless their officers have acted with “knowledge, recklessness or negligence”.

The SFC has issued restriction notices against 54 more trading accounts. Singapore regulators are guarding against “pump and dump” and “short and distort” scenarios.

Industry bodies ISA and AIST say the legislation doesn’t go far enough and are pushing for the legislation to be reviewed by a Senate Committee.

Russia's main bourse will open three hours earlier to promote currencies and derivatives trading by Chinese market participants.

The new ‘Orchid’ bond structure will allow global investors to benefit from real-time, multi-currency DVP settlement with any counterparty within Euroclear’s network.

The proposed changes will allow the CHESS replacement system to be scaled to much higher volume levels than previously envisaged, ASX said.

SGX chief Loh Boon Chye says SPACs could facilitate access to capital while minimising market risk exposure by providing another avenue for investment.

Separately, a new framework has been issued allowing professional services firms including consultancies, fund administrators and trustees to set up in GIFT City.