Market Infrastructure

S. Korea FSC Announces Derivatives Market Reforms

31/05/2019

The minimum deposit requirements will be abolished for professional investors and eased for retail investors. The minimum 20-hour compulsory training requirement will be reduced.

Securities / Derivatives

South Korea Cuts Securities Transaction Tax

30/05/2019

FSC chairman Choi Jong-ku has repeatedly called for a cut in the securities transaction tax to ease the burden it places on stock and mutual fund trades.

Fintech / Regtech

SEBI Floats Discussion Paper on Sandbox for Regulated Entities

30/05/2019

Under the proposed framework, entities regulated by SEBI will be granted certain facilities and flexibilities to experiment with innovative solutions in a live environment and on real customers.

Market Infrastructure

PBOC Mulls Shift to Market Based Lending Rates

30/05/2019

PBOC governor Yi Gang has suggested discontinuing benchmark lending rate announcements to study the resulting loan rate trends, as a possible step towards market-based rates.

Securities / Derivatives

China Clarifies Treatment of CDR Proceeds for Foreign Issuers

30/05/2019

New rules from the PBOC and SAFE give freedom to CDR issuers to elect whether to keep the proceeds in China or send them abroad.

Capital / Liquidity

Bangladesh Imposes Limits on Bank Exposures to Non-Listed Securities

30/05/2019

The move comes just after the central bank allowed banks to exclude investments in non-listed securities from their capital market exposure calculations.

Capital / Liquidity

Vietnam Banks Allowed to Retain Dividends to Boost Capital

30/05/2019

State-owned banks will be allowed to retain dividends or pay them in shares to help them meet Basel II capital adequacy requirements by January 2020.

Securities / Derivatives

Thailand Looks to Ease Listing Rules for SMEs

30/05/2019

Revising the listing rules will be a key agenda item at a 1 June meeting between the SEC and SET, as the current rules may be too restrictive for SMEs.

Market Infrastructure

Philippines Revises Framework Governing Bank Auditors

29/05/2019

The revised framework lays out criteria for banks to select external auditors as well as key guidelines for auditors in their assessment of banks.