Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Securities / Derivatives
CSRC to Optimise Classification System for Securities Firms
25/05/2020
The changes are aimed at ensuring the classification system encourages firms to maintain focus on risk management capabilities and continuous compliance.
Securities / Derivatives
Taiwan Considers Establishing New Market for SMEs
25/05/2020
Only professional investors would be allowed to buy or sell shares on the new platform, which would be independent of Taiwan’s other fundraising markets.
Securities / Derivatives
Australian Treasury Bans ‘Conflicted’ Commissions Paid on LICs
24/05/2020
Fund managers will be barred from paying fees to financial advisers and stockbrokers for selling listed investment companies and trusts.
Market Infrastructure
Hong Kong: National Security Law Expected to Cause Capital Flight
24/05/2020
Bankers are reportedly receiving requests to activate plans to withdraw assets from Hong Kong in light of Beijing’s plan to impose national security legislation in Hong Kong.
Enforcement
CSRC Accuses Guangdong Fund Manager of Lying to Investors
24/05/2020
Guangdong-based Cornerstone Management reportedly lost 70% in two funds after promising a minimum 8% annual return.
Capital / Liquidity
RBI Cuts Interest Rate Again, Extends Debt Moratorium
24/05/2020
The RBI has also increased the large exposures cap for banks from 25% to 30% and granted FPIs three more months to comply with requirements under the voluntary retention route.
Securities / Derivatives
SFC to Allow Leveraged, Inverse ETFs Tracking Mainland Indices
24/05/2020
The SFC is prepared to initially only accept ‘swap-based’ L&I products tracking Mainland equity indices, with a leverage factor up to 2x, or negative 1x for inverse products.
Capital / Liquidity
BOJ Targets Small Businesses with New Lending Facility
24/05/2020
The 30tr yen facility will provide lending to businesses with interest-free funding, while paying a positive 0.1% interest on the amounts they lend to businesses.
Securities / Derivatives
SEBI Allows Debt Funds to Increase Exposure to G-Secs
23/05/2020
The flexibility has been granted for three months to ensure adequate liquidity in corporate bond funds, banking & PSU debt funds, and credit risk funds.
Taiwan to Allow Local Firms to Open Domestic OBU Accounts
22/05/2020
The FSC and central bank have agreed to allow local companies to open OBU accounts at domestic banks to facilitate their access to foreign currency borrowing.
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