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Structural Regulation
SEBI Panel Proposes Tighter Norms for Related Party Transactions
29/01/2020
Any member of the promoter group would be deemed a related party regardless of shareholding. Any shareholder with more than 20% of a listed company’s shares would also be deemed a related party.
Structural Regulation
S. Korea: P2P Lending Law to Take Effect in August
29/01/2020
The FSC is seeking comment on a draft enforcement decree setting out entry requirements, operating rules and investor protection measures for the P2P lending sector.
CBDCs
Japanese Lawmakers Working on ‘Digital Yen’ Proposal – Report
28/01/2020
The group of lawmakers reportedly plans to submit its proposal for a ‘digital yen’ to the government as early as next month.
Cryptocurrency
WEF Announces Global Consortium for Digital Currency Governance
28/01/2020
The consortium aims to address regulatory fragmentation and increase access to the financial system through innovative policy solutions for digital currencies.
Conduct, Culture & Accountability
Australia to Decide on Removal of ‘Conflicted’ Stamping Fees
28/01/2020
Fund managers have been paying ‘conflicted’ up-front commissions to financial advisers and brokers under a 2014 exemption, which ASIC says has resulted in worse investment returns.
Trading & Investment
BSE India Signs Licensing Agreement with ICE Futures Europe
28/01/2020
BSE India is using the ICE Brent Index as the final settlement price for its new rupee-denominated Brent futures contract, which launched on Tuesday.
Clearing & Post-Trade
SEBI Prescribes New Margin Framework or Commodity Derivatives
28/01/2020
Clearing corporations are asked to categories commodity derivatives as low, medium and high risk, and to set new IM and MPOR floors.
Capital Adequacy
Japan Banks to Hold More Capital Against Partner Relationships – Report
27/01/2020
Higher capital requirements could accelerate the unwinding of cross-shareholdings, a Japanese practice of owning shares in business partners.
Structural Regulation
KRX to Cap KOSPI 200 Single Stock Weighting at 30pc
27/01/2020
Institutional investors who mirror the KOSPI 200 index may need to offload an estimated 500-800bn won worth of Samsung Electronics shares to rebalance their portfolios.
Conduct, Culture & Accountability
NAB Units Face Class Action for Mismanaged Superannuation
27/01/2020
The case will focus on NAB’s alleged failure to transfer A$6.3mn of accrued default amounts to MySuper in a timely fashion, as required by law.
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