Market Infrastructure

RBA Invites Tenders for Transaction Processing and Settlement System

26/05/2020

The new system should be able to process SWIFT FIN messaging under ISO 20022 as well as the existing SWIFT MT throughout a three-year coexistence period.

Securities / Derivatives

SSE Launches Short-term Corporate Bond Issuance Pilot

25/05/2020

Under the pilot, SSE-listed companies can issue bonds with durations under one year to professional investors, provided the proceeds are not used to meet long-term funding needs.

Market Infrastructure

S. Korea Enhances PayInfo Service to Boost Consumer Convenience

25/05/2020

The updated system will allow account customers to switch their monthly automatic payments between first- and second-tier financial firms for handling.

Market Infrastructure

CSRC Urges US to Avoid Politicising Securities Regulation

25/05/2020

The CSRC has responded to a US bill that could subject the 233 Chinese companies listed in the US to PCAOB oversight in their audits, or delisting for noncompliance.

Australia to Regulate Litigation Funders as AFS Licencees

25/05/2020

In three months, litigation funders will no longer be exempt from having to hold an AFS Licence and being categorised as managed investment schemes.

ESG / Sustainability

TAIFEX to Launch ESG and Biotech Futures Contracts

25/05/2020

The ESG Index Futures contract will track the performance of TWSE listed companies that meet the globally recognised ESG standards used by the FTSE4Good Index Series.

Market Infrastructure

SEBI Allows Quicker Upgrades of ‘Cured’ Defaulters by Rating Agencies

25/05/2020

Companies may no longer need to wait months for their credit status to be upgraded after a default is ‘cured’ and payments are regularised.

AML / KYC

Myanmar: YSX, Securities Firms Directed to Enhance AML Controls

25/05/2020

The YSX is asked to strengthen internal controls and establish an audit committee; six securities firms are asked to address document collection and record-keeping deficiencies.

Market Infrastructure

ASX Responds on Tranche 1 Rule Changes for CHESS Replacement

25/05/2020

ASX says it will not be mandating settlement locks for CHESS holdings, given the broad support stakeholders for this approach.