TAIFEX Launches Real-time Data Feed for Derivatives

24/03/2020

Deutsche Börse is the licensor of TAIFEX market data to international clients, allowing them to access data products offered by both exchanges under a single licence agreement.

Enforcement

SFC Imposes Lifetime Ban on Former China Pacific Securities Broker

24/03/2020

The former broker was convicted and jailed in December 2018 for stealing over HK$110mn in shares from China Pacific’s clients over a seven-year period.

Securities / Derivatives

Malaysia Suspends Short-selling, Grants Relief to Licensed Entities

24/03/2020

The short-selling suspension will last until 30 April 2020. Annual licensing fees will be waived. CPE and professional training requirements will be eased.

Market Infrastructure

Australia Unveils Stage Two Economic Package Worth A$66.1b

23/03/2020

Including the new package, a total A$189bn is being injected into the economy by ‘all arms of the government’ to ‘help build a bridge to recovery’.

Market Infrastructure

US Fed Indicates Open-ended Commitment to Quantitative Easing

23/03/2020

“Aggressive efforts must be taken across the public and private sectors,” the Fed said, effectively pledging to buy Treasuries and mortgage-backed securities to any extent required

Fintech / Regtech

Singapore, Australia Agree to Promote Data Connectivity, Digital Economy

23/03/2020

Singapore and Australia have committed to allowing financial institutions to choose where their data is stored and prohibiting data localisation, among a raft of other agreements.

APRA, ASIC Recalibrate Regulatory Priorities to Focus on Covid-19

23/03/2020

APRA and ASIC have suspended the majority of their planned policy initiatives and do not plan to recommence consultation on any non-essential matters before 30 September 2020.

Securities / Derivatives

Bangladesh Introduces Unusual Circuit Breaker Mechanism

23/03/2020

Individual stocks will not be allowed to fall below their average closing prices of the preceding five days, and trading is curtailed to just three hours a day.

Market Infrastructure

Hong Kong Introduces Legislation to Enhance Regulatory Framework for Insurers

23/03/2020

The bills provide a regulatory regime for insurance-linked securities, expand the scope of insurable risks of captive insurers, and empower the IA to regulate insurers at the group level.