Securities / Derivatives

Securities / Derivatives

NZ FMA Identifies Weaknesses in Fund Custody Arrangements

By Editors | 17/12/2019

An FMA review found that custody administration tasks are often being delegated back to fund managers, which weakens the separation of functions and duties.

Securities / Derivatives

CFETS Rolls Out Foreign Currency Pledged Repo Business

By Editors | 17/12/2019

The move is aimed at reducing the costs of foreign currency financing and diversifying foreign currency financing instruments.

Securities / Derivatives

SFC to Allow Hong Kong ETFs to Invest in Overseas Master ETFs

By Editors | 17/12/2019

The SFC will authorise index tracking feeder ETFs that want to invest in an overseas-listed, non-SFC authorised master ETF on a case-by-case basis.

Securities / Derivatives

CSRC Issues Pilot Rules for Spin-Off IPOs by Listed Companies

By Editors | 17/12/2019

To spin off a unit, a listed company should have three-year cumulative net profits of at least 600mn yuan, which is lower than the 1bn yuan requirement proposed in an August consultation.

ESG / Sustainability

Asset Managers Looking to Boost ESG, Climate Efforts: SFC

By Manesh Samtani | 17/12/2019

There is significant interest among asset management firms to step up their ESG efforts and management of environmental and climate risks, an SFC survey has found.

Securities / Derivatives

IOSCO Unveils Framework for Monitoring Leverage-related Risks in Funds

By Editors | 16/12/2019

IOSCO has developed a framework for monitoring leverage across all types of investment funds globally, to help regulators assess leverage-related risks that can undermine financial stability.

Enforcement

FSC Korea Finalises Measures to Protect Investors From Risky Products

By Editors | 16/12/2019

The sale of highly complex derivative products will still be banned, but banks will be allowed to sell equity-linked trusts linked to the KOSPI 200, S&P 500, Euro Stoxx 50, HSCEI or Nikkei 225.

Market Infrastructure

HKEX Finalises Enhancements to Pre-Opening Session, Volatility Controls

By Editors | 16/12/2019

The enhancements to the pre-opening session will be adopted in the second quarter of 2020. The stock-level volatility control mechanism will be expanded in the second half of 2020.

Market Infrastructure

LSEG to Provide Post Trade Technology for Philippine Bourse

By Editors | 12/12/2019

The Securities Clearing Corporation of the Philippines will use LSEG technology to enhance its clearing, settlement, risk and collateral management capabilities.