Securities / Derivatives

Enforcement

SFC Revokes Fund Manager Licence, Suspends Manager-In-Charge

By Sanday Chongo Kabange | 12/09/2023

Axial Capital Management failed to maintain its required liquid capital for 19 straight months and to make various filings on time.

ESG / Sustainability

Sri Lanka Revises Corporate Governance Rules for Listed Companies

By Duruthu E Chandrasekera | 12/09/2023

The revisions will help to build investor confidence and better align corporate governance practices in Sri Lanka with international standards.

Securities / Derivatives

Singapore Exchange Reorganises Capital Markets Business Units

By Editors | 12/09/2023

The debt capital market and corporate client coverage units have been folded into SGX’s equity capital markets division.

Capital / Liquidity

China Eases Stock Market Investment Rules for Insurers

By Editors | 11/09/2023

The rule changes are aimed at guiding insurers to support the development of the capital market as well as technology innovation.

Crypto / Digital Assets

Hong Kong SFC Approves City’s First Real Estate STO

By Editors | 11/09/2023

Tykhe Capital Group will launch “Prince Token”, available only to professional investors. Subject to regulatory approval, the token will list on HKbitEX.

Fintech / Regtech

MAS to Exempt Some Market Operators from ACH/RCH Rules

By Editors | 10/09/2023

The exemption applies to platforms that provide services to facilitate trading and settlement, but don’t actually act as a central counterparty of clear or settle trades centrally.

Market Infrastructure

Trade Bodies Call on Policymakers to Scrap EU Clearing Proposal

By Editors | 10/09/2023

A proposed requirement for market participants to hold active accounts at EU CCPs will be detrimental to EU capital markets, the trade bodies say.

Securities / Derivatives

CSRC Proposes Rule Revisions for Corporate Bond Issuance

By Editors | 08/09/2023

Land and environmental impact assessments must be provided if the funds raised from bonds are invested in fixed asset investment projects.

ESG / Sustainability

SEC Philippines to Issue Revised Sustainability Reporting Guidelines

By Sanday Chongo Kabange | 08/09/2023

The SEC says the revised guidelines will take into account the IFRS S1 and S2 standards and ensure listed companies report sustainability information consistently.