Markets & Infrastructure

Structural Regulation

CBIRC Expands Private Endowment Insurance Trial Nationwide

By Editors | 25/02/2022

The expansion will allow all pension insurers in China to participate in the scheme. So far only six insurers have participated in two pilot areas.

Tokenisation

ICE Makes ‘Strategic Investment’ in Digital Securities Platform tZero

By Editors | 24/02/2022

tZERO operates a digital marketplace for unique private assets, public equities, cryptocurrencies, and other digital assets, including NFTs.

Fraud, Scams & Cybercrime

MAS Bans Former OCBC Representative for Five Years

By Editors | 24/02/2022

The former representative was convicted of forgery in the State Courts last year, leading MAS to believe she would not perform financial advisory services honestly.

Market Data & Technology

ANNA Confirms Timeline for Implementing Revised ISIN Standard

By Editors | 24/02/2022

A highlight of the revised ISO 6166 ISIN standard is the formal inclusion of LEI, CFI and FISN as part of the minimum data record.

Structural Regulation

SET Revises Rules to Encourage Listings by Foreign Firms

By Editors | 24/02/2022

Foreign companies will now only have to retain financial advisors for 1 year after listing and the quiet period of strategic shareholders has been shortened to 1.5 years.

Trading & Investment

FSC Korea to Tighten IPO Lockup Rules Starting in March

By Sanday Chongo Kabange | 23/02/2022

A staggered lockup contracts system will be introduced to avoid sell orders being concentrated immediately after the end of the usual six-month lockup period.

Fraud, Scams & Cybercrime

Seoul Court Declares Lime Asset Management Bankrupt

By Editors | 23/02/2022

Investors lost an estimated KRW 1.7 trillion. Lime Asset Management has a reported KRW 520 billion in debt, compared to just KRW 19 billion in assets, which will be liquidated.

Structural Regulation

SEBI to Enhance Disclosures on IPOs by Loss-making Tech Firms

By Ranamita Chakraborty | 23/02/2022

SEBI proposes that new age technology companies be required to disclose all presentations made to pre-IPO investors during the three years prior to the IPO.

Trading & Investment

HK Budget Includes More Borrower Relief, Capital Market Reforms

By Manesh Samtani | 23/02/2022

Finance Secretary Paul Chan announced measures to further reform Hong Kong’s listing rules, promote the bond market, and introduce yuan share trading in the city.