Nasdaq

Structural Regulation

HKEX Finalises Framework for SPAC Listings in Hong Kong

By Manesh Samtani | 20/12/2021

The new framework takes effect on 1 January. A SPAC’s securities must be distributed to at least 20 institutional professional investors, down from 30 proposed during consultation.

Structural Regulation

Chinese, US Authorities Working to Resolve Audit Issues

By Editors | 28/11/2021

CSRC director-general Shen Bing said authorities are “working very hard” to prevent Chinese companies being delisted from US exchanges.

Structural Regulation

HKEX Finalises Changes to Listing Regime for Overseas Issuers

By Manesh Samtani | 21/11/2021

From 1 January 2022, overseas issuers without WVR structures will have lower minimum market cap requirements to secondary list in Hong Kong.

Operational Risk

Exchanges Can Help Minimise Broker-Dealer Operational Risk

By Manesh Samtani | 13/09/2021

A paper by Citadel Securities, NYSE, Nasdaq, MIAX, MEMX, and BOX says exchanges can provide an additional layer of protection on top of broker-dealers’ own risk controls.

Trading & Investment

ASX November Outage Caused By Hasty Trading System Launch

By Sanday Chongo Kabange | 23/08/2021

An independent review commissioned by ASIC and RBA found that ASX’s upgraded equity trading system was not ready to go-live.

Reporting & Disclosures

SGX to Consult on Sustainability Reporting Enhancements “Soon”

By Manesh Samtani | 10/08/2021

The consultation will seek views on incorporating the TCFD recommendations, specific metrics to improve data comparability, assurance requirements, and board diversity disclosures.

Structural Regulation

US SEC Approves Nasdaq Proposal on Board Diversity

By Manesh Samtani | 08/08/2021

The new rules will require listed companies to meet race and gender targets, or explain in writing why they have failed to do so.

Sustainable Finance

Singapore’s CTX to Debut Cross-border Trading of China Carbon Credits

By Sanday Chongo Kabange | 27/07/2021

Cyberdyne Tech Exchange said its carbon neutrality tokens, or CNTs, would pave the way for carbon credits to be transferred across international borders.

Data Privacy

China to Tighten Oversight of Overseas Listings

By Sanday Chongo Kabange | 08/07/2021

Chinese authorities will step up supervision of companies that list overseas to improve regulation of cross-border data flows and security.