News Centre

Hong Kong Securities And Futures Commission Reprimands And Fines Fulbright Securities Limited $3.6 Million

Date 23/12/2020

The Securities and Futures Commission (SFC) has reprimanded Fulbright Securities Limited (Fulbright) and fined it $3.6 million for internal control failures relating to short selling and for failing to report related short selling incidents to the SFC in a timely manner as required by the SFC’s Code of Conduct.

HKFE Obtains U.S. Commodity Futures Trading Commission Certification For Hang Seng TECH Index Futures Contracts

Date 23/12/2020

Hong Kong Futures Exchange Limited (“HKFE”) is pleased to announce that the U.S. Commodity Futures Trading Commission (“CFTC”) has certified the Hang Seng TECH Index Futures to be offered and sold to persons in the United States (“U.S.”). U.S. investors can trade the contracts within the U.S.

Securities Commission Malaysia: Former Managing Director Jailed And Fined For Insider Trading

Date 23/12/2020

The Kuala Lumpur Sessions Court today convicted and sentenced former managing director of DIS Technology Holdings Berhad (DISTECH), Cheah Yew Keat, for insider trading, an offence under section 188(2)(a) of the Capital Markets and Services Act 2007 (CMSA).

Shanghai International Energy Exchange Has Released Its Trading Schedule During National Holidays For Year 2021

Date 23/12/2020

Shanghai International Energy Exchange has released its Trading Schedule during National Holidays for Year 2021 as follows: 

Pursuant to the Circular on Issues Concerning the Holiday Schedule for Year 2021 (ZJBF [2020] No.74 ) issued by the General Office of the China Securities Regulatory Commission (“CSRC”), Shanghai International Energy Exchange (“INE”) hereby announces the following trading schedule during national holidays for year 2021:

HKEX: OTC Clear Completes 1st Trades For Japanese Banks Via Client Clearing

Date 23/12/2020

• Trades reflect increased client demand for CCS clearing services through HKEX
• Strong growth in CCS clearing volumes for first nine months to 30 September 2020, up 17 per cent to US$62 billion

Japan Financial Services Agency: Memorandum Of Cooperation With The Commissione Nazionale Per Le Società E La Borsa Of Italy (CONSOB)

Date 23/12/2020

On December 22, the Financial Services Agency and the Commissione Nazionale per le Società e la Borsa of Italy (CONSOB) signed a Memorandum of Cooperation (MoC) regarding cooperation and the exchange of information in the supervision and oversight of regulated entities that operate on a cross-border basis in Japan and Italy

Hong Kong Securities And Futures Commission Concludes Consultation On Customer Due Diligence Requirements For Open-Ended Fund Companies

Date 23/12/2020

The Securities and Futures Commission (SFC) today released consultation conclusions on proposed customer due diligence requirements for open-ended fund companies (OFCs).

MNI China Liquidity Index™ – Eases To 15.7 In December

Date 23/12/2020

Key Points – December Report

Liquidity was boosted in December, as the People’s Bank of China maintained an ‘ample’ supply of cash, the latest MNI Liquidity Conditions Index shows.

To 2021 And Beyond – A Regulator’s Perspective, By Tan Boon Gin, CEO, Singapore Exchange Regulation

Date 23/12/2020

This commentary was first published in The Business Times on 23 December 2020.

I attended and spoke at several conferences and panel discussions in November. While these were different events put together by organisations including Global Compact Network Singapore, the Financial Times, Association of Corporate Treasurers, Singapore Institute of Directors, and REIT Association of Singapore, they all had a similar link – COVID-19. COVID-19 has swept across the globe, broken up supply chains, shuttered businesses and rendered masses of individuals jobless. The pandemic has become a common thread for discussion and introspection across typically unconnected events.

ASIC And IOSCO Report On Retail Market Conduct Issues Arising From COVID-19

Date 22/12/2020

IOSCO’s Retail Market Conduct Task Force (RMCTF), co-chaired by ASIC and the Central Bank of Ireland, has today published the Retail Market Conduct Task Force Report: Initial Findings and Observations About the Impact of COVID-19 on Retail Market Conduct.