Securities / Derivatives

Enforcement

Korea to Strengthen Penalties for Naked Short Selling

By Manesh Samtani | 15/09/2020

Under a new bill, unauthorised short selling can be punished criminally, in addition to a penalty up to 300% of profits obtained or losses avoided through the short selling.

Securities / Derivatives

Thailand’s SEC Proposed to Raise Fees on Futures Trading

By Sanday Chongo Kabange | 15/09/2020

The SEC wants to replace the annual fixed fee charged to the TFEX with a per-contract fee, which could more than triple the cost to the futures bourse.

Enforcement

Japan: Nomura Employee Leaks Client Information to Securities Firm

By Editors | 14/09/2020

Nomura has apologised for the incident and pledged to strengthen its management of customer information. It will also consider taking legal action against the offending staffer.

Capital / Liquidity

HKMA Published Revised SPM on Non-Cleared OTC Derivatives

By Editors | 14/09/2020

Banks currently in scope of the margin requirements and risk mitigation standards have until 1 September 2021 to comply wth the revised supervisory policy manual.

Securities / Derivatives

Taiwan Central Bank Denies Ordering Traders to Limit US Dollar Sales

By Sanday Chongo Kabange | 14/09/2020

The central bank said the directions to traders were aimed at facilitating the smooth flow of the local foreign exchange market, and that it respects bid-offer practices in the FX market.

Securities / Derivatives

SEBI Directs Multi Cap Funds to Raise Exposure to Smaller Stocks

By Sanday Chongo Kabange | 14/09/2020

New guidelines will force multi cap funds to dump large cap stocks in favour of small- and mid-cap stocks by January 2021.

Enforcement

SFC Issues Statement on Alleged Manipulation of Next Digital Shares

By Manesh Samtani | 14/09/2020

The SFC does not explicitly say whether it is investigating Next Digital trading activity or whether a request for assistance was received from police ahead of last week’s arrests.

Market Infrastructure

Changes to Hong Kong OFC Regime Take Effect Immediately

By Editors | 13/09/2020

Private OFCs are no longer subject to investment restrictions and securities brokers are now eligible to be OFC custodians, among other changes.

Enforcement

Shenzhen’s ChiNext Board Under Scanner for Corruption Risk

By Editors | 13/09/2020

China’s anti-graft watchdog is looking into whether wild swings may have been caused by insider trading or manipulation involving exchange officials.