Structural Regulation

Conduct, Culture & Accountability

Australia: SocGen Securities Unit Charged for Client Money Rule Breaches

By Editors | 19/03/2020

Societe Generale Securities Australia self-reported three matters over 2017 and 2018, and has completed all remediation actions in relation to its operational set-up.

Structural Regulation

Malaysia Allows Listed Companies to Defer Quarterly, Annual Reports

By Editors | 19/03/2020

Listed companies and REITs managers with a financial year-end of 31 December 2019 can also defer their AGMs.

Trading & Investment

SET Revises Circuit Breaker Mechanism to Curb Volatility

By Editors | 18/03/2020

The circuit breaker will be triggered in three stages instead of two. The ceiling and floor limits for securities and derivatives are also revised.

Structural Regulation

AMP Units Pay ASIC Penalties for Trade Reporting Failures

By Editors | 18/03/2020

The AMP entities failed to report information about over 1,000 derivatives transactions and to correctly report collateral information about over 19,000 transactions over several years.

Structural Regulation

Tokyo Stock Exchange to Ease Rules on Delistings, IPOs – Report

By Editors | 17/03/2020

Companies that have fallen into negative net worth as a result of the coronavirus pandemic will have 2 years before their shares are delisted, up from 1 year currently.

Structural Regulation

Japan Unveils New Foreign Investment Rules for Consultation

By Editors | 17/03/2020

Foreign financial institutions subject to regulatory supervision are eligible for a “blanket exemption” from the pre-notification requirement.

Structural Regulation

MAS Revises Code on Collective Investment Schemes

By Manesh Samtani | 16/03/2020

The changes extend the requirements imposed on approved trustees and managers to VCCs, VCC directors and VCC custodians, while also introducing a best interest duty.

Structural Regulation

Hong Kong to Allow 60 Days Grace for Publishing Annual Reports

By Editors | 16/03/2020

Listed issuers may defer annual report publication for 60 days if they have published their preliminary results, management accounts or specified material financial information before 31 March.

Structural Regulation

Singapore Exchange Introduces S$5m Covid-19 Care Package

By Editors | 16/03/2020

S$1.5mn will be contributed to national healthcare-support programmes, while S$3.5mn will be used to support Singapore-listed companies and SGX employees and contract staff.