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Enforcement
SFC Bans Guosen Fund Manager for Violating Staff Trading Policies
By Editors | 29/05/2020
The fund manager concealed his beneficial interests, direct control and trading activities in securities accounts held at an external brokerage.
Securities / Derivatives
SSE Considers Overhaul of Index Methodology – Report
By Editors | 28/05/2020
The SSE is considering using free float rather than total outstanding shares to calculate a company’s market value for the index, which would reduce the weightings of SOEs.
Enforcement
Australia Eases Disclosure Rules to Prevent Opportunistic Class Actions
By Editors | 27/05/2020
Heightened uncertainty amid the Covid-19 crisis exposes companies to the threat of opportunistic class actions if their earnings forecasts are found to be inaccurate.
Securities / Derivatives
CORRECTED – HKEX to Launch New Derivatives Products
By Editors | 27/05/2020
Subject to regulatory approval, 37 new futures and options contracts based on MSCI Asia and emerging markets indices will be launched in Hong Kong.
Capital / Liquidity
Foreign Investors Flee Sri Lankan Bank Stocks Amid Dividend Ban
By Duruthu E Chandrasekera | 26/05/2020
Exacerbated by a seven-week stock market shut down, foreign investors sold large quantities of Sri Lankan bank stocks following a ban on bank dividends this month.
Securities / Derivatives
SSE Launches Short-term Corporate Bond Issuance Pilot
By Editors | 25/05/2020
Under the pilot, SSE-listed companies can issue bonds with durations under one year to professional investors, provided the proceeds are not used to meet long-term funding needs.
Market Infrastructure
CSRC Urges US to Avoid Politicising Securities Regulation
By Editors | 25/05/2020
The CSRC has responded to a US bill that could subject the 233 Chinese companies listed in the US to PCAOB oversight in their audits, or delisting for noncompliance.
Market Infrastructure
More Protectionist Regulatory Intervention on the Cards, Experts Warn
By Daniel Flatt | 25/05/2020
The raft of government measures designed to stave off corporate raiders is unlikely to abate soon, compliance practitioners say.
ESG / Sustainability
TAIFEX to Launch ESG and Biotech Futures Contracts
By Editors | 25/05/2020
The ESG Index Futures contract will track the performance of TWSE listed companies that meet the globally recognised ESG standards used by the FTSE4Good Index Series.
Market Infrastructure
ASX Responds on Tranche 1 Rule Changes for CHESS Replacement
By Editors | 25/05/2020
ASX says it will not be mandating settlement locks for CHESS holdings, given the broad support stakeholders for this approach.
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