In The News

Thailand – SEC Investment Trust Offering

On 11 June 2021, Thai SEC made amendments to rules on disclosures for REITs. ThorChor. 47/2564 on issuance and offering of trust units of REITs, to add REITs with redemption clause and REITs with conditions for termination of the lease agreement. Sor. 38/2564 on contents of the trust deed of REITs, re appraisal of assets…
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Taiwan – FSC Securities Borrowing Rules

On 9 June 2021, TAI FSC adjusted standards on margin purchase and short selling. Follows TAI FSC market maker system soon to be launched end of June. Daily volume limit of 30% for intraday securities borrowing and selling does not apply for securities firms acting as stock market maker, providing quotations or for hedging. Clarified…
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U.S. – ICE Fines Investment Bank for Futures Position Limit Breach

On 8 June 2021, ICE FEU issued a fine for crude futures position limit breach ICE FEU issued a summary enforcement disciplinary measure against Goldman Sachs for a breach of ICE FEU Exchange Rule P.3 on WTI crude futures position limits. Alleged Violations On 14 January 2021, Goldman held a long position of 3,450 lots…
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