Category Archives: News

Hong Kong – SFC ETF, Listed Fund FAQs

On 21 November, HK SFC issued FAQ on exchange traded and listed funds. Provide basic information to market practitioners for exchange traded/listed funds. Main Questions Require participating dealer to process creation/redemption request by third party. ETF Manager responsible for ETF in exclusive interest of investors, watch operation. Only SFC companies holding RQFII licenses, can launch RQFII…
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India – SEBI Securities Loans, Borrow

On 17 November, SEBI revised securities lending, borrowing mechanisms. Securities lending and borrowing framework is amended based on feedback received. Revised Limits Intermediaries can introduce contracts of different tenures, from 1 day to 12 months. Market wide position limit on SLB trades will be 10% of free-float capital of company. No clearing member to have open position…
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E.U. – ESMA Derivative Position at TR

On 17 November, ESMA proposed calculation of EMIR derivative positions. Consultation on guidelines, calculation of derivative position by trade repositories (TRs) authorised in EU under, European Market Infrastructure Regulation (EMIR). Background ESMA supervises way trade repositories make data available to public authorities. Should be of sufficient quality, to enable those authorities to monitor market risk.…
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E.U. – ESMA MiFID Market Structures

On 15 November, ESMA issued updated sections 3, 4 and 5 to market structure FAQs. Clarifies position of DEA clients accessing EU trading through sub-delegated DEA. That firms need to be authorized as investment firm under MiFID to provide DEA. And that mandatory tick size regime applies to both orders and quotes in
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