Fintech / Regtech

China to Enhance Regulatory System for Fintech Development

09/01/2020

The PBOC is looking to enhance its digital supervision capabilities and improve risk governance in fintech development across the financial sector.

Fintech / Regtech

UK Financial Regulators Announce Data Reform Proposals

09/01/2020

The FCA has set out a plan to become a ‘highly data-driven regulator’. The BOE has published a discussion paper on transforming data collection.

Securities / Derivatives

ASX Consults on Changes to Trade Cancellation Policy

09/01/2020

ASX proposes to amend its trade cancellation policy for ASX 24 options and for the 20 Year Bond Futures contract to provide participants greater flexibility.

Market Infrastructure

Japan FSA Grants Client Clearing Licence to HKEX

09/01/2020

HKEX has announced that its central counterparty subsidiary, OTC Clear, has received approval to offer client clearing services to banks in Japan.

Market Infrastructure

CBIRC Issues Guidance on Banking, Insurance Sector Development

08/01/2020

The guidance sets 5-year targets for banks and insurers to improve in areas such as governance, risk management, financial product development and fintech innovation.

Securities / Derivatives

CSRC to Allow Fund Managers to Invest in NEEQ Stocks

08/01/2020

To trade NEEQ stocks, fund managers should have investment and research capabilities, and strong liquidity risk management, due diligence and internal control systems.

Market Infrastructure

RBI Allows Banks to Offer FX Trading Beyond Market Hours

08/01/2020

The move is aimed at improving the ability of market participants to hedge currency risk in the onshore rupee market to boost domestic trading volumes.

Enforcement

HKEX Updates Rules for Southbound Investor Identification Regime

08/01/2020

The rule update requires the China broker to keep records of all submitted orders, SEHK trades and related client instructions for a minimum of 20 years.

Enforcement

CSRC Issues Administrative Penalty Against Chinalin Securities

08/01/2020

Chinalin Securities is prohibited from expanding the scale of its business for three months for violating regulations on internal controls, compliance inspections and governance failures.