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Securities / Derivatives
MAS Revises Code on Collective Investment Schemes
By Manesh Samtani | 16/03/2020
The changes extend the requirements imposed on approved trustees and managers to VCCs, VCC directors and VCC custodians, while also introducing a best interest duty.
Securities / Derivatives
UPDATED – BOJ Introduces New Lending Facility, Expands Asset Purchases
By Editors | 16/03/2020
The new 8 trillion yen lending facility will offer banks one-year, zero-interest loans collateralised by corporate debt securities. The BOJ is also doubling its annual ETF purchase capacity.
Securities / Derivatives
Hong Kong to Allow 60 Days Grace for Publishing Annual Reports
By Editors | 16/03/2020
Listed issuers may defer annual report publication for 60 days if they have published their preliminary results, management accounts or specified material financial information before 31 March.
Securities / Derivatives
Singapore Exchange Introduces S$5m Covid-19 Care Package
By Editors | 16/03/2020
S$1.5mn will be contributed to national healthcare-support programmes, while S$3.5mn will be used to support Singapore-listed companies and SGX employees and contract staff.
Securities / Derivatives
ASIC Directs Equity Market Participants to Limit Trading
By Editors | 16/03/2020
The move is a response to a particularly large increase in trades executed on Friday, largely attributable to algorithmic and high frequency trading.
Securities / Derivatives
SET Tightens Short Selling Rule After Second Trading Halt
By Editors | 14/03/2020
Short selling orders can now only be executed at prices higher than the last traded price, the SET said after its circuit breaker was triggered for the second day in a row.
Securities / Derivatives
FSC Korea Imposes Complete Ban on Short-Selling for Six Months
By Editors | 14/03/2020
The FSC is also loosening rules on share buybacks and lifting minimum collateral coverage requirements for securities firms, while the BOK considers an interest rate cut.
Securities / Derivatives
Thai Bourse Announces Relief Package, Circuit Breaker Triggers
By Editors | 12/03/2020
The 30-minute trading halt came shortly after the SET announced a Covid-19 relief package, which included 500 million baht in fee reductions for market participants.
Market Infrastructure
Eurex Approved to Offer Clearing Services in Japan
By Editors | 12/03/2020
The FSA licence will allow Japanese financial institutions to combine their listed and OTC euro yield curve businesses in one single place, Eurex says.
Securities / Derivatives
Indonesia Triggers Circuit Breaker, Suspends Pre-Opening Session
By Editors | 12/03/2020
IDX halted trading to end Thursday, just a day after tightening the circuit breaker mechanism. The pre-opening session is suspended until further notice.
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