Securities / Derivatives

Securities / Derivatives

CBIRC Approves Goldman Sachs Wealth Management JV

By Editors | 26/05/2021

Preliminary approval will allow Goldman Sachs Asset Management to own a 51 percent stake in the joint venture with ICBC Wealth Management.

Enforcement

China: Policymakers Warn Against Commodity Market Speculation

By Editors | 25/05/2021

Regulators will strengthen supervision of commodity futures and the spot market with a “zero tolerance” for illegal activities.

Securities / Derivatives

Bursa Malaysia Grants Extension for Issuing Financial Statements

By Editors | 25/05/2021

The announcement comes at a time when Malaysia is under a four-week nationwide lockdown until 7 June.

Securities / Derivatives

China Releases Supplementary Rules for Carbon Rights Trading

By Editors | 24/05/2021

The rules detail the role of the registration authority, allowing it to intervene if carbon prices see abnormal fluctuations or excessive volatility.

Securities / Derivatives

Philippine Bourse Ordered to Show Progress on SME Listings

By Sanday Chongo Kabange | 24/05/2021

The order from the DOF follows the introduction of new listing rules in March, which are aimed at encouraging greater SME participation in the stock market.

Securities / Derivatives

ESMA Recommends Lower Short Position Reporting Threshold

By Editors | 24/05/2021

ESMA says a “substantial amount” of essential information became available to NCAs after the notification threshold was lowered to 0.1% last year.

Enforcement

Nomura, UBS, UniCredit Fined for Participating in Trading Cartel

By Editors | 24/05/2021

During Europe’s sovereign debt crisis, the banks shared information about their EGB bidding and trading strategies in Bloomberg terminal chat rooms.

Securities / Derivatives

Korea Brokers Join Emissions Trading Scheme as Market Makers

By Editors | 24/05/2021

Participation by the brokerage firms as market makers will help reduce bid-ask spreads and keep Korea’s emissions trading market liquid.

Enforcement

S. Korea Revises Law to Strengthen Market Integrity

By Editors | 24/05/2021

The revisions will ease approval processes for financial investment businesses, including foreign firms, while also increasing penalties for stock manipulation.