Trading & Investment

Conduct, Culture & Accountability

HKMA, SFC to Jointly Review OTC Product Pricing at Intermediaries

By Manesh Samtani | 19/05/2020

The thematic review will assess the spreads intermediaries charge for non-exchange traded investment products such as bonds and structured products.

Trading & Investment

China Urges Domestic Firms to List in London – Report

By Editors | 19/05/2020

The push for a resumption of listings under the Shanghai-London Stock Connect is in part aimed at improving China’s ties with the outside world.

Trading & Investment

Taiwan, Malaysia to Cooperate on Derivatives Market Development

By Editors | 18/05/2020

The two exchanges will share information and best practices relating to product development, market operations, and other areas of common interest.

Trading & Investment

HKEX Moves to Enhance Liquidity of Exchange Traded Products

By Editors | 18/05/2020

A new spread table will reduce tick sizes and spreads for ETPs, while new market making obligations create a more competitive liquidity providing environment.

Cryptocurrency

MAS Sets Out Regulatory Approach for Payment Token Derivatives

By Editors | 18/05/2020

MAS will regulate payment token derivatives offered by approved exchanges – i.e. SGX Derivatives, APEX, Ice Futures – but will not regulate such products offered by other entities.

Trading & Investment

Hong Kong Lowers Transaction Costs for ETF Market Makers

By Editors | 16/05/2020

An amendment waives stamp duties on primary market stock transfers involving ETF market makers’ activities to create and redeem ETF units.

Structural Regulation

Australian Makes Tax Relief for Merging Super Funds Permanent

By Editors | 16/05/2020

Financial Services Council chief Sally Loane welcomed the move, but expressed disappointment with changes that may create another tax compliance burden for managed funds.

Structural Regulation

SEBI Relaxes Public Shareholding Requirement for Listed Entities

By Editors | 16/05/2020

The move will mean promoters with more than 75% shareholding in a listed company will not have to divest their holdings while the current challenging environment persists.

Trading & Investment

ISDA Publishes Final Report on Pre-cessation Fallbacks for LIBOR

By Editors | 15/05/2020

ISDA expects to publish amendments to the 2006 ISDA Definitions to incorporate the fallbacks for new trades in July, along with a protocol to allow participants to incorporate the revisions into legacy trades.