Securities / Derivatives

Securities / Derivatives

CBIRC Green-lights China Pacific Insurance GDR Listing on LSE

By Editors | 11/05/2020

The listing is still pending approvals from securities regulators in China and the UK, and exchange operators in Shanghai and London.

Securities / Derivatives

SGX RegCo to Scrap Minimum Trading Price Rule from 1 June

By Editors | 11/05/2020

The MTP rule is described as a “blunt tool” for addressing risk of market manipulation, compared to more effective tools that target such manipulation directly.

Securities / Derivatives

FSC Korea Mulls Issuance Limits for Equity-linked Securities

By Editors | 11/05/2020

Driven by demand from retail investors for higher yields, some securities firms have been selling ELS products beyond their equity capital.

Enforcement

Hong Kong: Investors Seek Compensation for Failed IPOs – Report

By Editors | 11/05/2020

The SFC has issued almost HK$1bn in penalties for IPO sponsor failures over 20 years. These proceeds have gone to the government, not investors.

Market Infrastructure

ESMA Approves Four Trade Repositories for SFTR Reporting

By Editors | 10/05/2020

DTCC, UnaVista, KDPW and REGIS-TR will have their TR registrations for derivatives contracts under EMIR extended to include securities financing transactions under SFTR.

Securities / Derivatives

Japan’s New Foreign Investment Rules Take Effect

By Manesh Samtani | 10/05/2020

While a series of exemptions for foreign financial institutions have been granted, the new requirements only allow 30 days for full implementation on 7 June.

Securities / Derivatives

India: Gift City Exchanges Launch First Rupee Derivatives

By Editors | 09/05/2020

Rupee futures and options will offer overseas market participants new onshore tools to hedge their India exposures, reducing their reliance on offshore currency markets.

Securities / Derivatives

SEBI Defends Rules Limiting Mutual Fund Investment in Unlisted Debt

By Editors | 09/05/2020

SEBI was responding to recent comments by Franklin Templeton’s president, which appeared to in part blame the rules for the closure of six India funds.

Securities / Derivatives

Bank of China to Partially Shoulder Investors’ Crude Oil Losses

By Editors | 08/05/2020

The move followed a determination by the Financial Stability and Development Committee that the bank was at fault for not following investment suitability principles.