Securities / Derivatives

Market Infrastructure

Plans to Launch HK-China ETF Connect Put on Hold – Report

By Editors | 14/12/2018

Trading and settlement issues will require “a very long period of discussion” to resolve, according to SFC chairman Tim Lui, adding that the focus will shift to enabling ETF cross listings.

Securities / Derivatives

Hong Kong to Extend Profits Tax Exemption to Local PE, Hedge Funds

By Editors | 14/12/2018

Under the existing framework, non-retail funds domiciled in Hong Kong are not exempt from profits tax, unlike their offshore-domiciled counterparts.

Securities / Derivatives

SEBI Allows Mutual Funds to Segregate Distressed Assets in Portfolios

By Editors | 13/12/2018

At its latest board meeting, SEBI approved a plan to allow mutual funds to create segregated portfolios for assets experiencing credit events, among a number of other proposals.

Market Infrastructure

SFC Concludes Consultation on Enhancements to OTC Derivatives Regime

By Editors | 13/12/2018

OTC derivatives participants will be subject to new risk mitigation requirements, as well as conduct requirements for dealings with group affiliates and related parties.

Securities / Derivatives

Bursa Malaysia Enhances ETF Framework, Effective in January

By Editors | 10/12/2018

“The introduction of innovative ETF products is a welcome development for our ETF market, and should lead to a more vibrant ETF ecosystem,” said Bursa Malaysia chief Tajuddin.

Enforcement

IT Consultant of Singapore Investment Bank Charged with Insider Trading

By Editors | 10/12/2018

The US SEC has filed charges against an outsourced IT contractor for trading on inside information while working at the Singapore branch of an investment bank.

Market Infrastructure

China to Include Dual Class Shares in Southbound Stock Connect Trading

By Editors | 10/12/2018

Chinese stock exchanges will work with HKEX to formulate rules enabling mainland investors’ access to Hong Kong-listed dual class shares by mid-2019, after banning them in July.

Enforcement

Korean Regulators Become Latest Signatories to IOSCO EMMoU

By Editors | 07/12/2018

South Korea’s FSC and FSS have jointly become the 10th member of IOSCO’s EMMoU, which enables cross-border sharing of audit papers and telecommunications and internet records.

Enforcement

Soros-Linked Fund Manager Fined in Hong Kong for Naked Short Selling

By Editors | 07/12/2018

SFM HK Management Ltd, owned by New York’s Soros Fund Management, was fined HK$1.5mn for short selling Great Wall Motors bonus shares before they were available for trading.