Securities / Derivatives

Japan: New Foreign Investment Rule to Impact Up to 500 Listed Firms

24/02/2020

Proposed ministry orders currently being finalised will reportedly exempt a wide range of foreign financial institutions and hedge funds from the reporting requirement.

Securities / Derivatives

Malaysia to Allow Private Retirement Schemes to Invest Overseas

22/02/2020

Malaysia’s Securities Commission says it will allow conservative PRS funds to invest in foreign markets, providing them more flexibility in asset allocation.

ASIC Drafts Guidance on New Mortgage Broker Best Interests Duty

22/02/2020

ASIC proposes mortgage brokers be required to identify what interests they or their related parties have, and to not provide credit assistance where it is not possible to prioritise consumer interests.

Market Infrastructure

FSB Chair Sets Out Focus for Saudi G20 Presidency

21/02/2020

The focus areas include LIBOR transition, BigTechs in financial services, and the development of a cyber risk effective practices tookit.

Market Infrastructure

PBOC Cuts Benchmark Lending Rate As Economic Concerns Weigh

21/02/2020

The PBOC pledged to help companies by lowering lending rates, increasing credit support, and ensure banking system liquidity through RRR cuts and MLF loans.

Securities / Derivatives

Myanmar to Open Stock Market to Resident Foreigners in March

21/02/2020

Allowing foreigners to buy stocks is one of the ways Myanmar hopes to bolster its moribund stock market, which after four years still has only five stocks.

Fintech / Regtech

Bank of Korea Experiments with Blockchain for Bond Settlement

21/02/2020

Under the proof of concept system now being developed, bond issuance, management, settlement and recordkeeping will be done using blockchain technology.

Capital / Liquidity

ISDA Publishes Uncleared Margin Implementation Project Checklist

21/02/2020

The checklist is suggested as a resource guide to highlight key implementation considerations for entities expecting to come into scope in September.

SEBI Approves Proposals to Tighten Investment Adviser Regulation

21/02/2020

The proposals approved include higher net worth requirements for investment advisers, a cap on fees, and segregation of investment advice from product distribution.