Structural Regulation

Conduct, Culture & Accountability

FSS Prompts JP Morgan Securities Seoul to Enhance Internal Controls

By Editors | 22/04/2020

South Korea’s FSS has reportedly instructed the Seoul branch of JP Morgan Securities to strengthen its internal controls on inter-subsidiary relations.

Trading & Investment

SEBI Extends Short Selling, Volatility Curbs Until 28 May

By Editors | 21/04/2020

SEBI has extended March measures that tightened market-wide position limits, raised margin rates, and capped on index derivatives positions.

Structural Regulation

India’s New Foreign Investment Rules ‘Discriminatory’, says China

By Editors | 21/04/2020

The additional barriers violate the WTO’s principle of non-discrimination, and go against the general trend of liberalisation and facilitation of trade and investment, says the Chinese Embassy in India.

Conduct, Culture & Accountability

Philippine SEC Moves to Protect Minority Shareholders from Abuse

By Editors | 20/04/2020

Asset sales representing 51% of total assets will require approval from two-thirds of shareholders; minority shareholders will be able to call meetings and add agenda items.

Structural Regulation

Bursa Malaysia Raises Share Issue Limits, Extends Filing Deadlines

By Editors | 20/04/2020

Listed issuers are allowed to increase the general mandate threshold for new securities issues from the existing 10% to 20% of the total number of issued shares.

Structural Regulation

CSRC Approves Credit Suisse Majority Control of Securities JV

By Editors | 20/04/2020

The approval allows Credit Suisse to raise its stake in a joint venture with Founder Securities from 33.3% to 51%, making it the latest foreign firm to gain majority control of a domestic brokerage in China.

Structural Regulation

MAS, ESMA Sign MOU on Singapore’s Financial Benchmarks

By Editors | 18/04/2020

The MOU and last year’s equivalence decision from the European Commission ensure that FIs in the EU can continue using SIBOR and the SOR as reference rates in their contracts.

Structural Regulation

Japan Extends Deadlines for Filing Securities Reports, Holding AGMs

By Editors | 18/04/2020

Japan’s FSA has extended the submission deadline for corporate securities reports to the end of September, while companies are being encouraged postpone annual shareholder meetings or hold them virtually.

Trading & Investment

Malaysia SC Announces Capital Market Measures to Support Businesses

By Editors | 17/04/2020

The measures include relief for publicly listed companies from PN17 (financial distress) classification, even if they fall below certain regulatory thresholds.