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Enforcement
China: Revised Criminal Law Raises Penalties for Capital Market Offences
By Editors | 02/01/2021
The amendments focus on fraudulent issuance, information disclosure falsification, provision of false certification documents by intermediaries, and market manipulation.
Securities / Derivatives
Korea Set to Establish ‘New Deal’ Fund in March 2021
By Editors | 02/01/2021
The application process for private fund managers to set up and manage feeder funds under the New Deal fund began in December 2020.
Enforcement
Taiwan FSC Fines KGI Securities Over Poor Internal Controls
By Editors | 31/12/2020
The case relates to the August suicide of a former KGI Securities employee, who suffered large investment losses as a result of illegal futures trades for his clients.
Securities / Derivatives
Tokyo Bourse Reorganisation to Take Effect in April 2022
By Editors | 31/12/2020
Companies will be able to choose which section they want to be listed on between September and December 2021, and JPX will announce the results in January 2022.
Enforcement
IOSCO Issues Guidance on Addressing Misconduct During Stress Events
By Editors | 31/12/2020
Extreme price volatility, profitability pressures, psychological stressors, remote working and aggressive advertising were some of the drivers of misconduct risk during the pandemic.
Securities / Derivatives
HKFE Announces Launch Date for Hang Seng TECH Index Options
By Editors | 31/12/2020
The Hang Seng TECH Index Futures, introduced in November, have now been certified by the CFTC to be offered and sold to persons in the US.
Securities / Derivatives
IOSCO Seeks Views from Market Participants on ETF Market
By Editors | 30/12/2020
IOSCO asks asset managers, liquidity providers and market-makers to help it obtain a more granular understanding of ETFs.
Market Infrastructure
HKEX to Introduce New Market Access Platform in Q3 2021
By Editors | 30/12/2020
Phase 1 will involve the technical migration from the Orion Central Gateway to the new Cash Market Gateway in Q3 2021.
Securities / Derivatives
HKEX Clears First Cross Currency Swaps for Japanese FIs
By Editors | 29/12/2020
Japan’s FSA granted HKEX’s OTC Clear a licence allowing it to offer clearing services to Japanese financial institutions in January 2020.
Securities / Derivatives
NYSE Gets SEC Green Lights to Allow Direct Listings
By Editors | 29/12/2020
Companies will be able to directly sell shares in an auction without a traditional underwriter, enabling investors to participate in new listings more readily.
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