The launch of the investor identification regime for southbound trading will mark the first time mainland investors will have their personal information shared with Hong Kong’s regulator.
The Bill was modelled after international practices including GDPR. Once ratified, it will be implemented in stages over three years.
Domestically listed companies will be allowed to issue depository receipts on certain international bourses as well as on GIFT City exchanges.
The foreign ownership limit will be cancelled next year for futures companies, fund managers and securities firms from 1 January, 1 April and 1 December, respectively.
Banks and insurance companies are required to carry out self-inspections to detect and correct practices that infringe on the rights of consumers by 30 November.
An FSS probe into alleged unfair trading has triggered investor redemptions which Lime Asset Management has not been able to meet.
The main changes relate to increased reporting, better and more timely disclosure by listed investment companies, and new measures to address listing rule breaches.
The SEC hopes to develop a viable REIT market to provide funding for infrastructure projects and investment opportunities for local investors.
Stress tests results and sensitivity analysis indicate that Thailand's largest banks can withstand a shock broadly "as severe as the Asian financial crisis".
The regulatory has prescribed new limits for debt mutual funds’ investment in unlisted, unrated and credit enhanced securities, and tightened sector and group level exposure limits.