Capital / Liquidity

Sri Lanka Central Bank Introduces Measures to Support Financial Sector

01/04/2020

Banks can draw down on capital conservation buffers, defer capital requirements, and avoid classifying borrowers as non-performing.

Fintech / Regtech

S. Korea Tightens P2P Lending Limits to Guard Against Defaults

01/04/2020

P2P lending caps are being lowered to protect investors against potential defaults and delinquencies caused by the Covid-19 crisis.

AML / KYC

BSP Relaxes KYC Norms During Covid-19 Lockdown

01/04/2020

The move will facilitate the delivery of welfare funds to beneficiaries who have no available valid IDs or transactional account with any financial institution.

Securities / Derivatives

HKFE Offers Cash to Market Makers in Mini Metals Futures

01/04/2020

A HKD 30,000 cash stipend is offered per contract per month per trading session upon fulfillment of quoting obligations in aluminium, zinc, copper and nickel mini futures contracts.

Market Infrastructure

Bursa Malaysia Implements ISO 20022 for Corporate Announcements

01/04/2020

The messaging standard will transform the corporate announcements flow in Malaysia, favour interoperability with other marketplaces, and foster innovation.

Securities / Derivatives

UPDATED – ASIC, ASX Offer Relief from Capital Raising Rules

01/04/2020

The relief applies to listed entities looking to offer placements, rights issues and share purchase plans as a way to urgently raise capital to mitigate the effects of Covid-19.

Enforcement

SFC Bans Former China Rise CEO for Naked Short Selling

01/04/2020

The ex-CEO was banned for 28 months for placing – and concealing – uncovered short selling orders through his personal account and a client’s discretionary account in 2014.

Securities / Derivatives

MAS, ACRA, SGX RegCo Update Guidance on Meeting Conduct

01/04/2020

Guidance is provided on holding general meetings in light of the current 10-person limit on attendance of any event in Singapore.

Securities / Derivatives

NZX Subsidiary to Assume Frontline Regulatory Functions

01/04/2020

The new subsidiary will be structurally separate from NZX’s commercial and operational activities and governed by a largely independent board.