SECURITIES / DERIVATIVES

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.