SECURITIES / DERIVATIVES

Securities / Derivatives

Big Four Auditor Facing HK Lawsuit Over Chinese Audit

By Editors | 07/09/2022

The liquidator of a now-collapsed Chinese biotech firm said the auditor could have easily exposed fraud by asking obvious questions.

ESG / Sustainability

China Executes First Triparty Repo Trades Using ESG Bonds

By Editors | 07/09/2022

CFETS, Clearstream and Chinese financial institutions cooperated to execute the first triparty repo trades involving ESG-eligible bonds.

Securities / Derivatives

Beijing Stock Exchange Turns One Year Old

By Editors | 06/09/2022

The BSE issued draft rules for margin trading and securities lending, launched its first treasury bond, and set out plans to introduce its first benchmark index.

Securities / Derivatives

FSC Korea Unveils New Rules to Address Unfair Split-Off IPOs

By Editors | 06/09/2022

Korean investors often lose out when companies decide to split off rapidly growing portions of their businesses into new IPOs.

Enforcement

Singapore Jails Five Former Remisiers for False Trading

By Editors | 06/09/2022

The five were former remisiers for Phillip Securities, OCBC Securities, DBS Vickers Securities, and Maybank Kim Eng Securities.

Capital / Liquidity

Phase 6 of Initial Margin Rules Take Effect

By Editors | 06/09/2022

The final phase of UMR implementation brought into scope approximately 800 firms, including many more buy-side firms than in previous phases.

Securities / Derivatives

SFC Suspends Rifa Futures Exec Over ‘Xinguanjia’ Trading Software

By Editors | 06/09/2022

In July, Rifa Futures became the fourth firm to be fined over the use of Xinguanjia. The firm’s managing director has now been suspended for 8 months.

Securities / Derivatives

ASIC Extends Ban on Binary Options Until 2031

By Editors | 06/09/2022

Since it came into effect, the ban has been “fully effective” in preventing retail clients from losing money trading binary options in Australia, ASIC said.

Securities / Derivatives

Japan FSA Consults on Documentary Requirements for Foreign Entry

By Editors | 06/09/2022

The amendment will allow applicants who meet certain conditions to submit written applications for registration and other subsequent documents in English.