Securities / Derivatives

Securities / Derivatives

ICBC US Brokerage Unit Penalised for Unlawful ADR Practices

By Editors | 17/06/2019

ICBC Financial Services LLC will pay over $42m to the US SEC for improper handling of ‘pre-released’ ADRs, and $3m to the DOJ for conspiring to rig bids related to the release of ADRs.

Securities / Derivatives

Shanghai’s New Tech Board to Commence Trading Within 2 Months

By Editors | 15/06/2019

China has held a launch ceremony for Shanghai’s new board, termed the ‘SSE STAR Market’. Trading is expected to commence within 2 months with about 30 companies.

Securities / Derivatives

SFC Provides Additional Guidance on Sale of Complex Products

By Editors | 14/06/2019

Paragraph 5.5 of the Code of Conduct is only applicable for unsolicited purchases of complex products. Intermediaries can apply a risk-based approach to disclosures for repeat purchases.

Market Infrastructure

UPDATED – Shanghai-London Connect to Start Trading 17 June

By Editors | 13/06/2019

GDRs issued by Huatai Securities will be admitted to the Shanghai-London Stock Connect segment of the LSE on 20 June, when trading will commence.

Securities / Derivatives

Bursa Malaysia Launches Mobile Depository Services

By Editors | 13/06/2019

‘Bursa Anywhere’ allows individual investors to manage their share depository account on their cellphones.

Enforcement

UPDATED – Merrill Lynch in KRX Crosshairs for High-Frequency Trading

By Editors | 12/06/2019

KRX probe to determine if Citadel’s HFT algorithm breached fair trade rules; Merrill Lynch reprimand to be decided following alleged market disruption.

Securities / Derivatives

Singapore Bourse Pushes into Foreign Exchange Market

By Manesh Samtani | 12/06/2019

SGX wants to reduce its reliance on equity index derivatives by aggressively pushing into the FX markets over the next five years.

Securities / Derivatives

Thailand to Allow Temporary Trading in Suspended Stocks

By Editors | 12/06/2019

For a one-month period in July, temporary trading will be allowed for SET listed securities that have been suspended for three months consecutively.

Enforcement

SEBI Proposes Informant Mechanism to Combat Insider Trading

By Editors | 11/06/2019

SEBI wants to institute a process that incentivises timely reporting of instances of insider trading and provides for the granting of rewards to whistleblowers.