Securities / Derivatives

AML / KYC

OFAC Extends Chinese Military Company Ban to Subsidiaries

By Editors | 03/01/2021

In a set of FAQs, OFAC has clarified that Executive Order 13959 also applies to subsidiaries, derivatives, ETFs, index funds and mutual funds.

Enforcement

China: Revised Criminal Law Raises Penalties for Capital Market Offences

By Editors | 02/01/2021

The amendments focus on fraudulent issuance, information disclosure falsification, provision of false certification documents by intermediaries, and market manipulation.

Securities / Derivatives

Korea Set to Establish ‘New Deal’ Fund in March 2021

By Editors | 02/01/2021

The application process for private fund managers to set up and manage feeder funds under the New Deal fund began in December 2020.

Enforcement

Taiwan FSC Fines KGI Securities Over Poor Internal Controls

By Editors | 31/12/2020

The case relates to the August suicide of a former KGI Securities employee, who suffered large investment losses as a result of illegal futures trades for his clients.

Securities / Derivatives

Tokyo Bourse Reorganisation to Take Effect in April 2022

By Editors | 31/12/2020

Companies will be able to choose which section they want to be listed on between September and December 2021, and JPX will announce the results in January 2022.

Enforcement

IOSCO Issues Guidance on Addressing Misconduct During Stress Events

By Editors | 31/12/2020

Extreme price volatility, profitability pressures, psychological stressors, remote working and aggressive advertising were some of the drivers of misconduct risk during the pandemic.

Securities / Derivatives

HKFE Announces Launch Date for Hang Seng TECH Index Options

By Editors | 31/12/2020

The Hang Seng TECH Index Futures, introduced in November, have now been certified by the CFTC to be offered and sold to persons in the US.

Securities / Derivatives

IOSCO Seeks Views from Market Participants on ETF Market

By Editors | 30/12/2020

IOSCO asks asset managers, liquidity providers and market-makers to help it obtain a more granular understanding of ETFs.

Market Infrastructure

HKEX to Introduce New Market Access Platform in Q3 2021

By Editors | 30/12/2020

Phase 1 will involve the technical migration from the Orion Central Gateway to the new Cash Market Gateway in Q3 2021.