Securities / Derivatives

Taiwan: FSC Orders Review of Futures Brokers’ Trading Systems

27/04/2020

Investors complained they lost money due to an inability to place orders last week when crude oil dipped into negative prices.

Market Infrastructure

ACCC Finds Transparency, Competition Issues in Mortgage Market

27/04/2020

The time taken to pass on announced interest rate reductions to customers varied across the big four banks, with revenue being a key motivator. CBA consistently had the longest lag period.

India Suspends Bankruptcy Law Provisions to Avert Insolvency Filings

27/04/2020

India’s Cabinet has approved the suspension of provisions that allow financial and operational creditors to initiate insolvency.

AML / KYC

SEBI Endorses Technology Use to Facilitate Online KYC

27/04/2020

The investor KYC process can be completed through websites or apps, which should include video-based ID verification, liveness checks, and electronic signatures and documents.

Securities / Derivatives

S. Korea Finalises Risk Management Rules for Private Equity Funds

27/04/2020

Private equity funds will have to undergo regular audits, adopt new valuation guidelines, conduct regular liquidity stress tests, and cap leverage at 400% of assets, among other measures.

Securities / Derivatives

CSRC Approves DCE Launch of Hog Futures Product

27/04/2020

China is home to about half of the world’s pigs and produces around 50 million tonnes of pork a year.

Uncategorised

SEBI Eases Buyback Rules to Enable ‘Quicker Access to Capital’

26/04/2020

Listed companies can raise additional capital after six months from the expiring of the buyback period, compared to one year previously.

Enforcement

China: Luckin Investors Launch Lawsuit Under New Securities Law

26/04/2020

A lack of cross-border regulation presents a challenge to holding Luckin Coffee entities and executives to account for alleged misconduct and fraud.

Tax Records Can Provide Banks Assurance for SME Loans: CBIRC

26/04/2020

Small and micro enterprises which cannot provide collateral or guarantees for loans can instead share their tax payment information with commercial banks to obtain funding.