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Coverage of regulatory developments, market trends, and operational standards across asset classes, financial products, and trading venues.

Market Abuse
ASIC Bans Former Gleneagle Fund Manager for Naked Short Selling
By Ranamita Chakraborty | 23/05/2023
The former fund manager of Gleneagle Securities engaged in the naked short selling of shares on 150 occasions, ASIC said.

Trading & Investment
Singapore, Shanghai Exchanges Sign MoU to Link ETF Markets
By Editors | 23/05/2023
A similar MoU was signed between SGX and SZSE in December 2021 which has led to three cross-market ETF listings.

Trading & Investment
SEBI Introduces New Risk Disclosure Rules for Equity Derivatives
By Editors | 22/05/2023
The new rules are a response to findings that that 9 out of 10 individual traders in the equity F&O segment experience net losses.

Structural Regulation
EU Commission Adopts MoU on UK Regulatory Cooperation
By Mark Johnston | 21/05/2023
The MoU is seen as a positive step, but it does not deal with access of UK and EU firms to each other’s markets or equivalence decisions.

Trading & Investment
HKEX Announces Launch Date for HKD-RMB Dual Counter Model
By Editors | 21/05/2023
The HKD-RMB Dual Counter Model will launch on 19 June 2023. HKEX is now accepting applications for Dual Counter Market Makers.

Trading & Investment
CDS Payments Not Triggered by Credit Suisse Bond Wipe-out
By Editors | 18/05/2023
The EMEA Credit Derivatives Determination Committee was asked to rule on whether the Credit Suisse takeover should trigger insurance payouts on bonds.

Trading & Investment
Shanghai Bourse to Launch Options on STAR Market ETF
By Sanday Chongo Kabange | 17/05/2023
The options will be linked to an ETF that tracks the biggest 50 stocks on the STAR Market. The options are expected to launch within weeks.

Structural Regulation
EU Considers Lowering Wealth Threshold for Professional Investors
By Mark Johnston | 17/05/2023
A draft document reveals a European Commission plan to revise MiFID II rules to lower the criteria for being classified as a professional investor.

Trading & Investment
SFC Chief Outlines Measures to Develop REITs Market
By Manesh Samtani | 17/05/2023
REITs could be allowed under Stock Connect, structured in a corporate (rather than trust) form, and add a renminbi counter for trading.

Structural Regulation
Malaysia SC Commences Review of Capital Markets Law
By Editors | 17/05/2023
The review is part of the SC’s efforts to modernise the law, promote efficiencies, maintain capital market competitiveness, and ensure investors are protected.
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