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Enforcement
ASIC Bans Former Gleneagle Fund Manager for Naked Short Selling
By Ranamita Chakraborty | 23/05/2023
The former fund manager of Gleneagle Securities engaged in the naked short selling of shares on 150 occasions, ASIC said.

Market Infrastructure
Singapore, Shanghai Exchanges Sign MoU to Link ETF Markets
By Editors | 23/05/2023
A similar MoU was signed between SGX and SZSE in December 2021 which has led to three cross-market ETF listings.

Fintech / Regtech
ASX Will No Longer Use Blockchain for CHESS Replacement System
By Mark Johnston | 22/05/2023
ASX said the rebuild will need to use “a more conventional technology” and no longer involve blockchain or DLT.

ESG / Sustainability
Indonesia Becomes First Asian Sovereign to Sell Blue Bond
By Editors | 22/05/2023
Indonesia sold a JPY 104.8 billion blue bond with four-tranches, less than two years after establishing a framework to do so.

ESG / Sustainability
ACSI Updates Voting Policy to Promote Gender Balance on Boards
By Editors | 22/05/2023
The policy means ASX300 companies could face recommendations ‘against’ male director re-elections if women do not occupy a minimum of 30% of board seats.

Securities / Derivatives
SEBI Introduces New Risk Disclosure Rules for Equity Derivatives
By Editors | 22/05/2023
The new rules are a response to findings that that 9 out of 10 individual traders in the equity F&O segment experience net losses.

Securities / Derivatives
SFC Consults on Revisions to Takeovers and Share Buy-back Rules
By Editors | 21/05/2023
This includes a proposal to add a new rule to give an offeror and an offeree company the option to despatch Codes documents by electronic means.

Securities / Derivatives
HKEX Announces Launch Date for HKD-RMB Dual Counter Model
By Editors | 21/05/2023
The HKD-RMB Dual Counter Model will launch on 19 June 2023. HKEX is now accepting applications for Dual Counter Market Makers.

Securities / Derivatives
WFE Highlights Challenges of Measuring CCP Margin Procyclicality
By Editors | 20/05/2023
The significant uncertainty in measurements means procyclicality mitigation tools can be miscalibrated, inefficient, or detrimental.

Securities / Derivatives
SEBI Consults on Corporate Governance Enhancements for AIFs
By Mark Johnston | 20/05/2023
SEBI proposes amendments to borrowing, leverage, custody and tenure rules for AIFs.
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