Securities / Derivatives

Securities / Derivatives

CSRC Grants QDII Status to Morgan Stanley Unit

By Editors | 25/01/2023

Morgan Stanley Huaxin Fund Management is the 10th asset manager to obtain QDII status, which allows firms to invest offshore for mainland investors.

Enforcement

Korean Regulator Promises to Punish Convertible Bond Abuse

By Editors | 25/01/2023

The FSS says unfair trade practices and market manipulation are occurring in private placements of convertible bonds.

Enforcement

US SEC Fines Bloomberg Over “Misleading” BVAL Disclosures

By Editors | 25/01/2023

SEC commissioners Hester Peirce and Mark Uyeda issued a joint statement saying they do not support the action against Bloomberg.

Market Infrastructure

NYSE System Issue Causes Trading Halts on Major Stocks

By Editors | 25/01/2023

The regular opening auction “did not occur” for a number of stocks so no opening price was printed. Executed trades will be declared “null and void”.

Crypto / Digital Assets

Korea to Improve Market Access for Foreign Investors, Allow STOs

By Editors | 25/01/2023

Korea will abolish the complex registration system for foreign investors, require English disclosures from listed companies, and establish a regulatory framework for security tokens.

Securities / Derivatives

CSRC Revises Rules for Securities Brokerage Businesses

By Editors | 24/01/2023

The rules strengthen requirements for firms to protect customers and implement transaction management and process controls.

Securities / Derivatives

NZ FMA Publishes First Risk Assessment of Fund Management Sector

By Editors | 23/01/2023

Risk management practices and controls used by fund managers reduce overall risk but “pockets of relatively higher risk” still exist.

Securities / Derivatives

Bangladesh: Chittagong Bourse Seeks to Launch FX Derivatives

By Editors | 21/01/2023

Currently, there are no regulations in Bangladesh allowing for the introduction of currency or other financial derivatives.

Securities / Derivatives

SEBI Proposes New Fund Blocking Mechanism for Securities Trades

By Editors | 21/01/2023

SEBI said the proposed ASBA-like mechanism for secondary markets is designed to safeguard client assets from broker misuse and defaults.