SFC obtains disqualification orders against former directors of EganaGoldpfeil (Holdings) Ltd

SFC, 11 May 2020

The Securities and Futures Commission (SFC) has obtained disqualification orders in the Court of First Instance against three former directors of EganaGoldpfeil (Holdings) Ltd (EHL) for their roles in the company's misapplication of funds (Notes 1 to 4).

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China mulls supporting foreign banks' access to domestic fund custody business

ChinaDaily, 11 May 2020

China is mulling over supporting foreign banks to gain access to fund custody service in the Chinese market, in a move to further open up the financial sector, according to a draft revision of fund custody rules issued by the country's top securities regulator.

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SGX RegCo to scrap minimum trading price rule on June 1

Straits Times, 11 May 2020

SGX RegCo, the regulatory arm of Singapore Exchange, said it will scrap the requirement for companies to maintain a minimum trading price (MTP) on June 1.

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