Securities / Derivatives

Securities / Derivatives

SEBI Prescribes New Margin Framework or Commodity Derivatives

By Editors | 28/01/2020

Clearing corporations are asked to categories commodity derivatives as low, medium and high risk, and to set new IM and MPOR floors.

Securities / Derivatives

KRX to Cap KOSPI 200 Single Stock Weighting at 30pc

By Editors | 27/01/2020

Institutional investors who mirror the KOSPI 200 index may need to offload an estimated 500-800bn won worth of Samsung Electronics shares to rebalance their portfolios.

AML / KYC

SEBI to Augment Social Media Monitoring to Fight Manipulation

By Editors | 24/01/2020

SEBI is working on a ‘data lake’ project that will use AI, machine learning and NLP tech to analyse unstructured data and augment market surveillance.

Securities / Derivatives

KRX to Ease Listing Requirements for Startups

By Editors | 24/01/2020

An existing fast-track process for promising startups to list on the KOSDAQ market will be extended to the main KRX bourse in 2020.

Securities / Derivatives

FSC Korea Eases Five Percent Rule in Support of Shareholder Rights

By Editors | 23/01/2020

Reporting requirements are being eased for investors seeking to exercise shareholder rights in relation to corporate governance, executive pay and dividend policy.

Enforcement

SFC Launches Proceedings Against China Ding Yi Feng Manipulators

By Editors | 23/01/2020

On its first day of trading after a 10-month suspension, China Ding Yi Feng has lost 90% of its value, representing HKD 25 billion in lost market value.

Market Infrastructure

HKMA Consults on Contractual Stay Provisions in Financial Contracts

By Editors | 23/01/2020

FIs will have to adopt provisions in financial contracts binding counterparties to temporary stays on termination rights that may be imposed by the HKMA during bank resolution.

Enforcement

CFTC Penalises Australian Firm for Spoofing by Former Trader

By Editors | 23/01/2020

The CFTC has ordered Propex Derivatives to pay $1mn, comprising restitution, disgorgement, and a civil monetary penalty. The DOJ has also entered a deferred prosecution agreement with the firm.

Securities / Derivatives

China Prohibits SOEs from Speculative Derivatives Trading

By Editors | 22/01/2020

State-owned enterprises may only engage in derivatives trading for hedging purposes. Speculative derivatives trading is explicitly prohibited.