Securities / Derivatives

S. Korea Set to Introduce Trade Repository in October

03/03/2020

Legislative revisions have been approved establishing statutory provisions for a trade repository, and penalties up to 100mn won for failures to report OTC derivatives transaction information.

SEBI Lowers Net Worth Requirement for Gift City Investment Advisers

03/03/2020

The net worth requirement has been lowered to $700,000 from $1.5mn previously following feedback on SEBI’s January guidelines for Gift City investment advisers.

Securities / Derivatives

S. Korea Mulls Hong Kong-Style Short Selling Rules

03/03/2020

The FSC and FSS are considering restricting short-selling of listed companies based on market cap in a bid to level the playing field for retail investors.

Securities / Derivatives

Indonesia Halts Short Selling, Cuts Reserve Requirements

03/03/2020

Short selling was halted to stop panic selling after the first two cases of Covid-19 were detected in the country. Separately, the central bank has introduced 5 new policy measures.

Securities / Derivatives

China to Launch Registration-based System for Bond Issuance

02/03/2020

Issuers of enterprise and corporate bonds will have to meet higher disclosure requirements under the new registration-based system, while the role of intermediaries is also strengthened.

Market Infrastructure

Cross-border Payments Front and Center in BIS Quarterly Review

02/03/2020

The BIS is exploring how to solve key shortcomings related to access and cross-border payments, including to address the global decline in correspondent banking.

Capital / Liquidity

CBIRC Instructs Banks to Defer Loan Repayments for Small Businesses

02/03/2020

The move follows all-time lows in China’s manufacturing and non-manufacturing PMI figures, prompting analysts to cut their first quarter GDP growth forecasts to minus 6%.

Market Infrastructure

BOJ Begins Publishing Securities Financing Transaction Data

02/03/2020

The data is collected monthly from approximately 50 financial institutions with the largest SFT trading volume, including transactions with overseas counterparties and intra-group transactions.

PBOC Unofficially Sets Interest Rate Floor on Covid-19 Loans

02/03/2020

The move is aimed at maintaining market order and at preventing banks from offering excessively low interest rates to lure borrowers.