Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Securities / Derivatives
RBI Opens New Liquidity Facility for Mutual Funds
27/04/2020
The move follows Franklin Templeton’s decision to freeze and wind up six of its mutual funds amid intense redemption and liquidity pressures, prompting contagion fears across the sector.
Securities / Derivatives
Bursa Malaysia Issuers to Offer Electronic Options to Shareholders
27/04/2020
Listed issuers will be required to offer shareholders electronic options to subscribe for rights shares, exercise convertible securities and participate in dividend reinvestment schemes.
BOJ Ramps Up Support for Bond Markets, Corporate Japan
27/04/2020
The BOJ has removed its bond-buying cap, more than doubled its limit on corporate debt purchases, and expanded the collateral banks can pledge to include household debt.
Principal Payment Deferment Available to Vulnerable Debtors: FSC Korea
27/04/2020
The programme is available through all FIs from 29 April until year-end, allowing vulnerable debtors to defer principal payment for 6-12 months.
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.
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