Securities & Trading

China has to address questions around close-out netting enforceability, which restrict the use of Chinese government bonds as IM in global derivatives markets.

The proposed changes provide an easier path to a Hong Kong listing particularly for Chinese companies under pressure to delist from US exchanges.

Currently, alternative investment funds that acquired shares 180 days before an IPO are subject to a 365-day lock-up period.

The new reporting requirements set the stage for taking a leap for better disclosures in the ESG space in India, SEBI said.

Talks for the new exchange are reportedly in early stages. A time frame and location have not yet been decided.

The link supports DvP settlement of the HKD sale and repo transactions using JGB as collateral, eliminating settlement risk on such transactions.

At least 90 percent of IPO proceeds will have to be placed in escrow pending a SPAC's acquisition of a target company.

The listing rule changes deal with online forms, notification of security issues and corporate action timetables.

The SC has seized records and devices used by the syndicate as well as taken down servers and blocked websites used perpetrate the scams.

The disciplinary action followed a client complaint about unauthorised trading activities in his account from August 2016 to July 2017.