Securities / Derivatives

S. Korea Enhances Flexibility for Financial Investment Businesses

04/05/2020

The legislative revisions will allow firms greater flexibility to implement Chinese walls and outsource key functions, while allowing for harsher penalties when issues arise.

Crypto / Digital Assets

FSA Japan Certifies Two SROs as New Crypto Laws Take Effect

04/05/2020

The certifications took effect from 1 May, the same day the FSA said it would start enforcing new laws on crypto assets.

Securities / Derivatives

CBIRC Issues Directions to BOC Over Oil Losses

04/05/2020

The CBIRC has asked Bank of China to improve its risk management and to negotiate with investors in good faith over an estimated 10bn yuan in losses in its crude oil product.

Super Funds Pay Out A$1.3b in First Week of Early Release Scheme

04/05/2020

The Association of Superannuation Funds of Australia estimates that super funds may have paid out A$7.1bn in total, including the second week of the initiative.

Securities / Derivatives

Malaysia SC Issues New Capital Market Advertising Guidelines

04/05/2020

Effective from 4 May, advertisers of capital markets products and services are no longer required to submit their advertisement materials to the SC for approval.

Securities / Derivatives

CSRC Eases Market Cap Requirement for CDR Issuance

04/05/2020

Innovative Chinese companies listed overseas will be eligible to list depositary receipts at home with just $2.8bn in market cap, compared to $28bn under 2018 rules.

BNM Faces Backlash Over Revised Moratorium Guidance

03/05/2020

The initial version of BNM’s FAQs appeared to suggest that no extra interest would be charged on hire-purchase loans under deferment, but a revised illustration shows interest can accrue.

Capital / Liquidity

Glass Half Full: Basel IV Presents Opportunity for Constructive Change, COVID-19 the Impetus

03/05/2020

The COVID-19 pandemic is an additional catalyst for financial institutions to generate fundamental structural change as they seek to implement Basel reforms, says AxiomSL’s Mahim Mehra.

Securities / Derivatives

China to Pilot REITs Issuance in Infrastructure Sector

02/05/2020

Under a pilot programme, infrastructure projects in major economic areas can be securitised to form publicly-traded REITs.