Securities / Derivatives

Enforcement

FSC Korea to Raise Penalties for Illegal Short Selling

By Editors | 22/10/2019

On top of the higher penalties for illegal short selling, the FSC will penalise violators extra if they are found to have also engaged in unfair dealing.

Enforcement

IPO Sponsors, Underwriters Are ‘Guardians of Market Quality’: SFC

By Manesh Samtani | 22/10/2019

The SFC expects sponsors to conduct sufficient due diligence to properly understand and assess the companies seeking to be listed, and to ensure red flags are properly followed up.

Securities / Derivatives

SSE, SZSE Grant Stock Connect Access to HK Dual Class Shares

By Editors | 22/10/2019

The rule changes come over a year after the China and Hong Kong bourses started working towards including dual class shares in Stock Connect.

Securities / Derivatives

Korea to Lift Ban on Brokers Lending to Overseas Units

By Editors | 21/10/2019

Large brokerage firms will be allowed to extend loans to their overseas operations to better finance their global outreach.

Enforcement

US SEC Charges Chinese Traders in Market Manipulation Scheme

By Editors | 21/10/2019

The market manipulation scheme involved 18 traders primarily based in China, over 3,900 US-listed securities and over $31mn in illicit profits.

Securities / Derivatives

NGFS Publishes Guide to Sustainable Investing for Central Banks

By Editors | 21/10/2019

The guide identifies the five most common ‘sustainable and responsible investment’ strategies used in central bank portfolio management.

Securities / Derivatives

UPDATED – Japan Cabinet Approves Tougher Foreign Investment Rules

By Editors | 21/10/2019

Japan’s proposal to lower the notification threshold for foreign investors has passed the cabinet and could become law by early April, with exemptions for foreign FIs.

Enforcement

Former Supervisor at ICBC Unit Settles with US SEC

By Editors | 18/10/2019

The former supervisor of ICBC’s US broker-dealer unit has agreed to settle charges for failures involving the improper handling of transactions of ADRs.

Securities / Derivatives

China Bond Market Access Schemes to Become Interoperable

By Editors | 18/10/2019

Foreign institutional investors can transfer bond holdings and funds between their QFII/RQFII and direct investment schemes starting from 15 November.