SECURITIES / DERIVATIVES

    Securities / Derivatives

    Korea FSS Asks Brokers to Prioritise Consumer Protection

    By Editors | 26/11/2021

    The FSS is reviewing a decision to penalise nine market-makers, taking into account “self-correcting measures” by individual firms.

    Market Infrastructure

    ASIC Imposes Licence Conditions on ASX Over 2020 Outage

    By Sanday Chongo Kabange | 26/11/2021

    ASIC wants market participants to be able to re-route trades to alternative venues such as Chi-X in the event of a future market outage.

    Enforcement

    FSC Korea Cancels Business Licence of Optimus Asset Management

    By Sanday Chongo Kabange | 25/11/2021

    The FSC has also fined Optimus and ordered board member removals, over “numerous counts of violations and inappropriate fund management activities”.

    Securities / Derivatives

    SEBI Relaxes Rule on Daily Fines for Disclosure Violations

    By Sanday Chongo Kabange | 25/11/2021

    Stock exchanges may choose not to impose daily fines on companies for non-compliance with disclosure obligations if investors are not adversely affected.

    Securities / Derivatives

    MAS Proposes Amendments to the Business Trusts Act

    By Editors | 25/11/2021

    Business trusts will have to obtain and maintain information on beneficial ownership and disclose their CEOs’ interests in transactions.

    Securities / Derivatives

    SEBI Defers Implementation of New Margin Requirements

    By Editors | 24/11/2021

    New rules that require investors to have 50 percent of their margins in cash to trade in futures and options have been deferred to 28 February.

    ESG / Sustainability

    Malaysia SC Unveils Initiatives to Boost Corporate Governance

    By Editors | 24/11/2021

    The SC’s corporate governance strategic priorities for the next three years emphasise ESG fitness, diversity and agility of boards.

    Securities / Derivatives

    SEBI Issues New Disclosure Rules for Related-Party Transactions

    By Sanday Chongo Kabange | 24/11/2021

    Listed companies will have to submit information on related-party transactions to stock exchanges every six months and secure shareholder approval.

    Fintech / Regtech

    India: GIFT City Regulator Wins Approval to Set Up Suptech Fund

    By Editors | 24/11/2021

    The IFSCA also received approval for a new headquarters building. GIFT City’s new gold bullion exchange is expected to launch in January.

    Fintech / Regtech

    Blockchain Projects Featured in Beijing Innovation Trials

    By Darien Choong | 24/11/2021

    Four of the selected projects, out of 51 submitted, are based on blockchain. One selected project seeks to use the digital yuan in securities trading.

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