All Entries in the "Regulator News" Category
SEBI Issues Broad Guidelines on Algorithmic Trading
Broad Guidelines on Algorithmic Trading 1. It has been observed that adoption of technology for the purpose of trading in financial instruments has been on a rise over the past few years. Stock brokers as well as their clients are now making increased usage of trading algorithm (hereinafter referred to as “algo”). 2. Based on [...]
ASIC Provides Direction on Market Structure Reforms
ASIC announced April 3 it has refined its proposals for market structure reform and issued a timetable for implementing the regulatory framework. Based on feedback on the key issues impacting market structure outlined in Consultation Paper 168 Australian equity market structure: Further proposals (CP 168), ASIC has revised its proposals, to: On automated trading – [...]
China Regulator: More Futures and Derivatives Planned
The chairman of the China Securities Regulatory Commission (CSRC) vowed March 29 to develop the crude oil futures market and speed up creation of new financial derivatives. “The regulator will push the reform of the futures market at a faster pace in order to make it better serve the country’s economic growth,” Guo Shuqing, chairman [...]
ASIC Releases Exchange Traded Funds Report
ASIC released a report on exchange traded funds (ETFs) March 29 which outlines how this growing industry is regulated in Australia and the impact of proposed international principles to address concerns by overseas regulators. Report 282 Regulation of Exchange Traded Funds ( REP 282), explains ASIC’s current understanding about the operation of ETFs and ongoing [...]
HK SFC Waives Licensing Fees for Two Years
The Securities and Futures Commission (SFC) has today announced that the payment of annual licensing fees will be waived for a two-year period, effective from 1 April 2012. This initiative will benefit about 40,000 intermediaries. The said the measure is designed to relieve the regulatory cost burden on the securities and futures industry. “Market conditions [...]
Korea FSC Reporting System for High Volume Short Sales
BACKGROUND Since the global financial crisis, major economies have adopted a reporting regime for high volume short sales in line with global discussions* to enhance transparency of short selling. *Principles for Short Selling Regulation proposed by the International Organization of Securities Commission (IOSCO) on June 2009. * Provide ready access to information on short selling [...]
Sebi Plans Speed Limits on High Frequency Trades
Securities and Exchange Board of India’s chief UK Sinha reiterated on Friday that the regulator is considering imposing speed limits on high-frequency trading of listed Indian shares. “Earlier, it was 200 micro second speed, then 20 micro second and then 8 micro seconds, and there are still demands to reduce it even further. At some [...]
SFC Supports HKEx Move to Implement Risk Management Reform Measures For Its Clearing Houses
The Securities and Futures Commission (SFC) welcomes consultation conclusions (Note 1) announced by the Hong Kong Exchanges and Clearing Ltd (HKEx) March 11 to implement risk management reform measures for its clearing houses. The SFC is of the view that the reform measures will enhance the overall stability of the Hong Kong securities and futures [...]
HK SFC Sets up Centralised Unit on Risk Management Headed By Benedicte Nolens
The Securities and Futures Commission (SFC) today announced the establishment of a centralised unit overseeing risk management and strategy planning. The setting up of the Risk and Strategy Unit is in line with the SFC’s statutory objectives of reducing systemic risks and maintaining financial stability in the securities and futures markets. The Unit will be [...]
Sebi May Make MTM in Liquid Funds Compulsory In a Year
Documents released by the Securities and Exchange Board of India (Sebi) on Thursday February 23 show the mark-to-market (MTM) valuations norms for liquid mutual funds could be extended to all securities within one year. The Mutual Funds Advisory Committee had recommended implementation of MTM valuation norms in three phases, the agenda papers of the board [...]
