Posts By Editors, Regulation Asia
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Hong Kong
Asian Banks, Investors Request Notice on Cross-Border Stock Trade
Regulatory concerns surrounding the Shanghai-Hong Kong stock connect including the issue of tax on share gains have compelled asset managers and banks to ask the city’s regulator for a month’s notice before implementing the cross-border stock scheme.
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Australia & NZ
Australia Eyes Real-time Pay Methods
The Reserve Bank of Australia and the banking industry are looking to change the payment methods in the country to deliver real-time, accessible fund transfers to the community.
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China
Hong Kong, China Sign Cooperation Ahead of Cross-border Stock Scheme
The Securities and Futures Commission and the China Securities Regulatory Commission have signed an agreement to strengthen cross-boundary regulatory and enforcement cooperation ahead of the implementation of the Shanghai-Hong Kong Stock Connect scheme.
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International
IOSCO, CPMI Issue Report on Recovery of Financial Market Infrastructures
Financial market infrastructures, which include payment systems and central securities depositories, are urged to develop a recovery plan to ensure that they can offer critical services to the market even during a crisis and avert any systemic disruptions.
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Malaysia
Malaysia Seeks to Amend Development Financial Institutions Act
Malaysia’s central bank is seeking industry views on proposals to amend the Development Financial Institutions Act 2002 to further strengthen the industry.
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Securities & Trading
Asia Pacific Institutions Position Portfolio Ahead of Regulatory Changes
Financial institutions in Asia Pacific are proactively reconciling their portfolios and managing their collateral disputes in view of impending regulatory changes in the region, said TriOptima, provider of OTC derivative post trade services.
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Hong Kong
Hong Kong Issues Data Protection Guidelines for Banking Industry
Hong Kong has issued new guidelines for the banking industry on how to meet its data protection obligations amid rising number of complaints against banks’ privacy protection practices.
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Securities & Trading
Indonesian Regulator to Test Banks’ Leverage Levels
The Financial Services Authority (OJK) is set to carry out a test at major banks to assess their leverage ratios and ensure lenders have sufficient capital to back their operations at all times.
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Australia & NZ
Australian Regulator Clarifies Rules for Foreign Firms Offering Securities
Australian Securities and Investments Commission has issued guidelines for foreign companies making offers of CHESS Depository Interests (CDIs) over their shares and options to investors in Australia.
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International
IOSCO Consults on Guidelines over Custody of CIS Assets
The International Organization of Securities Commissions has issued new guidelines regarding custody of collective investment schemes’ (CIS) assets, highlighting issues around the independence of custodians and their role in ensuring the safety of clients’ assets.
