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Securities / Derivatives
FMA, NZX Announce Support Measures for Listed Companies
By Editors | 19/03/2020
The measures include higher capital raising capacity for issuers, a two month extension for financial reporting, and delays for some regulatory work.
Enforcement
Australia: SocGen Securities Unit Charged for Client Money Rule Breaches
By Editors | 19/03/2020
Societe Generale Securities Australia self-reported three matters over 2017 and 2018, and has completed all remediation actions in relation to its operational set-up.
Securities / Derivatives
Malaysia Allows Listed Companies to Defer Quarterly, Annual Reports
By Editors | 19/03/2020
Listed companies and REITs managers with a financial year-end of 31 December 2019 can also defer their AGMs.
Securities / Derivatives
HKEX to Introduce Master SPSA Service for Fund Managers
By Editors | 18/03/2020
The new service allows pre-trade checking of China A shares for northbound trading at the fund manager level rather than at the individual fund level.
Securities / Derivatives
SET Revises Circuit Breaker Mechanism to Curb Volatility
By Editors | 18/03/2020
The circuit breaker will be triggered in three stages instead of two. The ceiling and floor limits for securities and derivatives are also revised.
Securities / Derivatives
S. Korea Revises FX Derivatives Rule to Ease USD Funding Stress
By Editors | 18/03/2020
The limits on banks’ foreign currency forward positions will be raised to guard against a US dollar funding shortage amid a mass exodus of foreign capital.
Enforcement
AMP Units Pay ASIC Penalties for Trade Reporting Failures
By Editors | 18/03/2020
The AMP entities failed to report information about over 1,000 derivatives transactions and to correctly report collateral information about over 19,000 transactions over several years.
Capital / Liquidity
Philippine Markets Shut, Central Bank Promises Regulatory Relief
By Editors | 17/03/2020
The Philippines has halted stock, bond and currency trading ‘until further notice’. The BSP is urging banks to provide financial relief to customers and employees.
Securities / Derivatives
Tokyo Stock Exchange to Ease Rules on Delistings, IPOs – Report
By Editors | 17/03/2020
Companies that have fallen into negative net worth as a result of the coronavirus pandemic will have 2 years before their shares are delisted, up from 1 year currently.
Securities / Derivatives
Japan Unveils New Foreign Investment Rules for Consultation
By Editors | 17/03/2020
Foreign financial institutions subject to regulatory supervision are eligible for a “blanket exemption” from the pre-notification requirement.
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