Securities / Derivatives

Fintech / Regtech

Hong Kong FSTB Issues Policy Statement on Approach to Virtual Assets

By Manesh Samtani | 31/10/2022

The SFC will be consulting on how retail investors may be given a “suitable degree of access” to virtual assets under Hong Kong’s new licensing regime.

Crypto / Digital Assets

SGX-owned MaxxTrader Partners with DBS on Digital Assets

By Editors | 30/10/2022

DBS said the partnership enables it to provide more dynamic pricing, financing, and risk solutions to investors, which contributes to Singapore’s growing influence as a global digital asset hub.

Enforcement

SMBC Nikko Securities Pleads Guilty to Stock Price Manipulation

By Editors | 30/10/2022

SMBC Nikko has already been ordered to suspend its block trading business for 3 months. The trial is set to end on 26 Dec and a verdict delivered on 13 Feb.

Enforcement

SFC Disciplines Takeovers Code Breach with ‘Public Criticism’

By Editors | 30/10/2022

Gold Dragon Worldwide Asset Management failed to disclose trades in a stock during an offer period despite it controlling more than 5 percent of the stock.

Securities / Derivatives

US SEC Finalises Clawback Rule on Erroneously Paid Compensation

By Editors | 30/10/2022

The rule will require issuers to develop and implement a clawback policy for compensation that was erroneously awarded based on incorrect financial statements.

ESG / Sustainability

HKEX Launches Carbon Market to Support Net Zero Transition

By Sanday Chongo Kabange | 30/10/2022

The new platform will allow participants to source, hold, trade, settle and retire voluntary carbon credits from internationally-certified carbon projects.

Securities / Derivatives

China Proposes Rules to Improve Disclosures by Accounting Firms

By Editors | 29/10/2022

The rules are aimed at helping market entities understand the professional competence of individual firms so they can choose their auditor.

Securities / Derivatives

PNGX Proposes New Listing Rules for Consultation

By Mark Johnston | 28/10/2022

ASX, NZX, SGX, and SPX issuers would have to comply with only a minimal number of PNGX rules for a dual listing. The proposals also provide a framework for SPAC listings.

Market Infrastructure

HKEX Suspends VCM on HSI Futures Due to Software Issue

By Editors | 28/10/2022

An external vendor is preparing a software update to fix an issue that caused the VCM to be inadvertently triggered on Tuesday.