Trading & Investment

Trading & Investment

India’s Brokers Move Against Tax on Physically-Settled Equity Derivatives

By Garima Chitkara | 09/08/2018

Brokers’ lobby is asking the Bombay High Court for a resolution on an impasse between market participants and the NSE over a decision to levy a 0.1% tax on physically settled equity derivatives.

Trading & Investment

S. Korea Brokerages Lack Internal Warning Systems – FSS

By Garima Chitkara | 09/08/2018

Korean brokerages don’t have adequate internal systems that could prevent fat-finger errors like those that affected Samsung Securities in April.

Trading & Investment

CSRC Consults on Revised Mutual Funds Disclosure Rules

By Emma Zhou | 08/08/2018

New guidelines aim to protect the interests of investors by improving the quality of and access to disclosures and increasing accountability in the asset management sector with regard to disclosures.

Structural Regulation

SEBI to Discontinue Sub-Brokers as Registered Market Intermediaries

By Garima Chitkara | 07/08/2018

Sub-brokers will no longer exist as a regulatory category at SEBI and will need to become trading members or authorised persons starting from 31 March 2019.

Trading & Investment

ASIC Finalises Review Of Exchange Traded Products

By Garima Chitkara | 06/08/2018

ASIC review concludes that the ETP market is performing well in general, however, some concerns were raised on spread management and market maker concentration.

Market Risk

China Raises Reserves Required to Short Yuan in Bid to Stem Losses

By Editors | 06/08/2018

Chinese yuan reached its lowest level since end-May 2017 amid growing economic uncertainty and trade war concerns, prompting the PBOC to defend the currency by making it more costly to bet on weakness.

Anti-Money Laundering

S. Korea Announces Revised Tax Bill

By Editors | 06/08/2018

Bill expands crackdown on tax evasion, ends derivatives tax exemptions, disqualifies crypto exchanges as SMEs for tax reductions.

Structural Regulation

ASIC Adopts Asia Funds Passporting in Regulatory Guides

By Garima Chitkara | 02/08/2018

Changes have been made to seven of ASIC’s regulatory guides after the government passed a legislative amendment enabling the funds passporting scheme.

Trading & Investment

IOSCO Issues Recommendations on Managing Extreme Volatility

By Editors | 02/08/2018

IOSCO believes volatility control mechanisms support the goal of ensuring markets are fair, efficient and transparent, thereby increasing market integrity and investor confidence.