Securities / Derivatives

Securities / Derivatives

India Lifts Ban on Foreign Investments in T-bills

By Garima Chitkara | 04/05/2018

Central bank lifts three year residual maturity limits on foreign portfolio investment in government debt and consequently allows foreign investment into T-bills.

Securities / Derivatives

China Allows Foreign Ownership Majority at Securities Firms

By Manesh Samtani | 02/05/2018

Ceiling on foreign ownership raised from 49% to 51%, effective immediately; CSRC reviewing first application from UBS to boost stake in China-based UBS Securities.

Market Infrastructure

Singapore to Mandate Central Clearing of OTC Derivatives

By Editors | 02/05/2018

Mandatory clearing to apply to SGD and USD fixed-floating interest rate swaps; applicable to banks with OTC derivatives exceeding SGD20 bn.

Securities / Derivatives

PBOC Announces Stricter Asset Management Rules

By Editors | 02/05/2018

New rules include leverage limits, a ban on implicit guarantees, risk reserve provisioning amounting to 10% of management fees; transition period for full compliance to last until end-2020.

Market Infrastructure

SEBI Extends Deadline for Monitoring Foreign Investment Limits

By Editors | 02/05/2018

Extension to give listed companies more time to provide data to depositories on foreign investment; data to enable daily calculation of foreign investment in listed companies.

Enforcement

Chinese Exchanges Toughen ‘Abnormal Trade’ Monitoring

By Editors | 01/05/2018

SZSE and SSE have strengthened rules for member firms on monitoring key accounts for abnormal trading and market manipulation.

Market Infrastructure

Japanese Banks Respond to HK OTC Derivatives Consultation

By Garima Chitkara | 30/04/2018

Japanese banking association asks for 6-12 months grace for implementing LEI requirements; urges for increased incentives to encourage smaller firms to obtain LEIs.

Market Infrastructure

India Puts Funds Passporting On Hold

By Garima Chitkara | 30/04/2018

Local press reports say SEBI is concerned about excessive foreign money into the country’s nascent mutual funds industry making it susceptible to fund volatility.

Securities / Derivatives

SFC to More Than Triple Investor Compensation Limit

By JP Reimann | 30/04/2018

Proposals include raising compensation limit to HKD500,000 per investor, covering Stock Connect northbound trading; raising trigger for reinstating transaction levy to fund compensation.