On 27 February 2020, BVMF issued rules on distribuição pão de açúcar shares. Circular on distribuição pão de açúcar-cbd (PCAR4) shares in B3's index portfolios. Overview Circular to market participants of BM&FBOVESPA segment re CBD (PCAR4) in indices. Due to conversion of all CBD preferred shares (PCAR4) to common shares (PCAR3) in proportion of 1-2-1,…
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U.S. – CFTC Re-Proposal Position Limits
On 27 February 2020, proposal published in federal register, comment 29 April 2020.
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Singapore – FSC Discussed Improvements to Supervision.
On 24 February 2020, SK FSC discussed improvements to supervision. SK FSC chairman Eun Sung-soo held a meeting with financial conglomerate CEOs and private sector experts to discuss improving the supervision of financial conglomerates. Chairman's Remarks The supervision of financial conglomerates is an effort to systematically manage group-wide risks of financial companies, widely in use…
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Singapore – MAS Derivative Contract Reporting
On 25 February 2020, SIN MAS amended derivatives contracts reporting rules. Setting out reporting requirements for OTC counterparties for OTC derivatives. Amendments Sections deleted in item 1 of part I of the first schedule to the securities and futures (reporting of derivatives contracts) regulations 2013 (G.N. No. S 668/2013). Deleted “and is entered into before…
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Rulefinder Reports Temporary Short Selling Bans
On 25 February 2020, Rulefinder reported temporary short selling bans in two countries effective immediately and extensions to existing bans in effect.
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Indonesia – FSA Sharia Mutual Funds
On 21 February 2020, IDN FSA issued rule on sharia mutual fund requirements. Published regulation on issuance and requirements for sharia mutual funds (RDS). Also provides for new product alternatives for investors, amends and replaces old law. Regulation Key Provisions Provided for new types of RDS such as collective investment contracts formed for individual investors,…
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