Securities / Derivatives

Enforcement

SEBI Initiates Probe into Franklin Templeton Fund Closures

By Editors | 06/05/2020

SEBI is reported looking to determine whether the firm violated rules, breached its fiduciary duty, or failed to act in investors’ best interests.

Market Infrastructure

Industry Bodies Request Margin Exemption Extensions under EMIR

By Manesh Samtani | 06/05/2020

ISDA and other industry associations are asking for equivalence decisions for all jurisdictions that have implemented margin rules in line with the BCBS-IOSCO framework.

Fintech / Regtech

SGX, AMTD Enter Partnership on Capital Markets Development

By Editors | 05/05/2020

The partnership will seek to promote Singapore’s capital market development, strengthen regional connectivity, support businesses, and explore the use of DLT in bond issuance.

Securities / Derivatives

China: Bond Underwriters Pledge to End Excessive Price Competition

By Editors | 05/05/2020

The pledge is part of a “self-discipline” pact which NAFMII asked bond underwriters to sign, in a bid to end the practice of offering ultra-low underwriting fees to gain market share.

Securities / Derivatives

Sri Lanka to Implement New Stock Market Circuit Breaker

By Editors | 05/05/2020

Sri Lanka’s SEC has directed the Colombo Stock Exchange to implement the new circuit breaker structure when the market reopens after its closure on 20 March.

Securities / Derivatives

Malaysia: SC Allows E-wallet, E-payment Firms to Distribute Investment Products

By Editors | 05/05/2020

Operators of e-wallet or e-payment applications can register with the SC and partner with capital markets licence holders to distribute investment products to investors.

Securities / Derivatives

S. Korea Enhances Flexibility for Financial Investment Businesses

By Editors | 04/05/2020

The legislative revisions will allow firms greater flexibility to implement Chinese walls and outsource key functions, while allowing for harsher penalties when issues arise.

Securities / Derivatives

CBIRC Issues Directions to BOC Over Oil Losses

By Editors | 04/05/2020

The CBIRC has asked Bank of China to improve its risk management and to negotiate with investors in good faith over an estimated 10bn yuan in losses in its crude oil product.

Securities / Derivatives

Malaysia SC Issues New Capital Market Advertising Guidelines

By Editors | 04/05/2020

Effective from 4 May, advertisers of capital markets products and services are no longer required to submit their advertisement materials to the SC for approval.