News Centre

HKEX: OTC Clear Launches Clearing Service For USD/CNH Cross Currency Swaps

Date 15/08/2016

OTC Clearing Hong Kong Limited (OTC Clear), a subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX) that provides clearing and settlement services for over-the-counter (OTC) derivative transactions, announces the smooth launch today (Monday) of its clearing service for cross currency swaps (CCS).  OTC Clear is initially providing clearing for swaps in the USD/CNH (US Dollar/Offshore Renminbi, or RMB) currency pair.

Securities Commission Malaysia (SC) Introduces Rule Book In Revised Framework On Takeovers And Mergers

Date 15/08/2016

The Securities Commission Malaysia (SC) launched a rule book on the revised Takeovers and Mergers Framework to facilitate market activities in a fast changing environment, whilst ensuring appropriate shareholder protection.

Intermediaries Looking To Wine Investment As Post-Brexit Safe Haven Option

Date 15/08/2016

More than one in four (27%) wealth managers and IFAs expect appetite for wine investing to increase over the next 12 months as the impact of Brexit drives the sector to new highs and fuels greater demand among investors for asset class diversification and safe havens.  This is according to new research with UK intermediaries by Cult Wines, a specialist in the acquisition and investment management of fine wines.

Shenzhen Stock Exchange Market Bulletin 15 August , 2016, Issue 28

Date 15/08/2016

The spokesman of CSRC reaffirmed on 12 August that the Shenzhen-HK Stock Connect will be launched at a proper time this year as the regulatory rules and technological preparations are completed. A special work group has been established within CSRC to guide and coordinate policymaking and technical operating issues, and supervisors and exchanges are in close cooperation. The program is expected to expand overseas investors' exposure to China's onshore stock market.

Bursa Malaysia Enables Multi-Currency For Fixed Income Instruments

Date 15/08/2016

Bursa Malaysia Berhad (“Bursa Malaysia” or “the Exchange”) has enabled multi-currency fixed income instruments in its web-based Electronic Trading Platform (ETP) to ensure the ongoing relevance of the platform for fixed income instruments.

New Zealand's Financial Markets Authority Warns Registered Financial Adviser

Date 15/08/2016

The Financial Markets Authority (FMA) has warned an individual in relation to suspected misleading or deceptive conduct by a registered financial adviser. Following an investigation by the FMA, it concluded that the registered financial adviser had engaged in misleading or deceptive conduct when he:

• advised his clients of an alternative life cover plan with a different insurance provider but did not provide them with any information about policy pricing.  The individual then provided a direct debit form to his clients for them to complete which his clients ignored;
• completed and submitted the direct debit form on his clients’ behalf without authority;
• completed and submitted a declaration of good health on his clients’ behalf without authority.

ASIC Consults On Audit Relief For Proprietary Companies And Reporting Relief For Wholly Owned Companies

Date 15/08/2016

ASIC has today issued a consultation paper proposing to remake three class orders that are due to expire (‘sunset’) on 1 October 2016 and 1 April 2017. The class orders affect the audit of proprietary companies and financial reporting by wholly-owned entities.

Hong Kong's Securities And Futures Commission Issues First-Quarter Report

Date 15/08/2016

The Securities and Futures Commission (SFC) today published its Quarterly Report summarising key developments from April to June 2016.

The Saudi Stock Exchange Announces The Publication Of The Weekly Stock Market Ownership And Trading Activity Report By Nationality And Investor Type

Date 14/08/2016

The total value of shares traded for the week  ending 11 August 2016 amounted to SAR 15.16 billion, decreasing by 15.87% over the previous week; while total stock market capitalization reached SAR 1,465.65* billion at the end of this period, increasing by 1.38% over the previous week.

CFTC Commitments Of Traders Reports Update

Date 12/08/2016

The current reports for the week of August 9, 2016 are now available.