Securities / Derivatives

Securities / Derivatives

JSDA Takes Steps to Increase Bond Market Transparency – Report

By Editors | 27/06/2020

New corporate bond offerings often go partially unsold without the knowledge of issuers. JSDA is reportedly considering requiring underwriters to disclose investor information to issuers.

Securities / Derivatives

SEBI Eases Fundraising Rules for Stressed Listed Companies

By Editors | 27/06/2020

SEBI has relaxed pricing rules for preferential issues to make it easier for listed companies to raise new funds. Similar relaxations for stressed companies were also announced.

Securities / Derivatives

Cambodia Takes Steps to Develop Commodity Futures Market

By Editors | 27/06/2020

A feasibility study on commodity futures trading is being conducted by the securities regulator and Chinese conglomerate Ruifeng Tianfu Investment.

Securities / Derivatives

FSC Korea Revises Liquid Asset Requirements for Repo Borrowers

By Editors | 27/06/2020

The liquid asset holding requirements for repo market borrowers such as hedge funds will gradually increase in three stages from July until April 2021.

Market Infrastructure

CPMI-IOSCO Describes Work Needed to Improve CCP Auctions

By Editors | 27/06/2020

CPMI and IOSCO have asked CCPs to address a number of issues related to default management auctions within 24 months.

Enforcement

CSRC Imposes Record Penalty in Insider Trading Case

By Editors | 26/06/2020

A Shanghai entrepreneur and his daughter were penalised a total 3.6bn yuan, representing a record fine and confiscation of illegal gains.

Fintech / Regtech

IOSCO Drafts Guidance on Supervising AI/ML in Financial Markets

By Editors | 25/06/2020

IOSCO proposes six measures to assist members in creating appropriate regulatory frameworks to supervise market intermediaries and asset managers that use AI and ML.

ESG / Sustainability

MAS Consults on Environmental Risk Management Guidelines for FIs

By Manesh Samtani | 25/06/2020

The guidelines set out MAS’ supervisory expectations for banks, insurers and asset managers in their governance, risk management, and disclosure of environmental risk.

Enforcement

S. Korean Prosecutors Raid Fund Operator on Fraud Allegations

By Editors | 25/06/2020

Accused of fabricating depository statements, Optimus Asset Management has suspended withdrawals from six feeder funds since last week, locking up 90bn won in investor money.