Securities / Derivatives

Market Infrastructure

China to Expand Stock Connect, Deepen Reforms – Reports

By Editors | 07/09/2020

The scope of investment products foreign investors can trade via Stock Connect will be expanded, among other reforms, said the CSRC’s Fang Xinghai.

Capital / Liquidity

HKEX Enhances Capital-based Position Limits for Options, Futures

By Manesh Samtani | 07/09/2020

SEOCH and HKCC clearing participants can apply to increase their capital-based position limits, provided they meet a set of criteria.

Enforcement

US SEC Launches Fraud Probe into Chinese Edutech Firm

By Manesh Samtani | 06/09/2020

Reports first emerged in February alleging that up to 80% of GSX Techedu users are fake, evidenced by attendance data, server records, and admissions by former employees.

Securities / Derivatives

US SEC Stays Implementation of NYSE Direct Listing Rules

By Editors | 06/09/2020

The Council of Institutional Investors has objected to the direct listing rules on concerns that companies may circumvent investor protections built into the IPO process.

Capital / Liquidity

RBI Loosens Constraints on Banks’ Bond-buying Activities

By Editors | 06/09/2020

The move will provide banks additional liquidity to buy more government bonds and help calm investors who are nervous about a sudden spike in yields.

Enforcement

Taiwan FSC Orders Probe into Securities Firm Over Broker Suicide

By Editors | 06/09/2020

The brokerage firm is reportedly under scrutiny because a stock broker claimed in a suicide note that he was instructed to place orders for clients through a separate laptop in the office.

Securities / Derivatives

SEBI Asks Rating Agencies Not to Classify Restructured Debt as Default

By Editors | 06/09/2020

Credit rating agencies are asked not to consider debt restructured as a result of Covid-19 related stress as a default event.

Securities / Derivatives

CSRC Issues New Norms for Public Sale of Investment Funds

By Editors | 05/09/2020

The revisions will further improve the conduct for fund sales and strengthen internal controls at fund sales institutions, the CSRC says.

Securities / Derivatives

MAS Best Execution Requirements to Take Effect in March 2022

By Manesh Samtani | 04/09/2020

Following from a November 2017 consultation paper, MAS has set an 18-month transitional period for Singapore financial firms to comply with best execution requirements.