AML / KYC

SSE, SZSE Propose Rules Changes to Implement Investor ID Regime

25/11/2019

Under the regime, brokers must assign a unique digital code that identifies each investor, who will be “deemed to agree” that their information may be transferred to the Hong Kong SFC and SEHK.

Securities / Derivatives

Nomura Joint Venture Secures China Securities Business Licence

25/11/2019

Nomura Orient International Securities, 51% owned by its Japanese parent, will be allowed to operate brokerage, investment consulting, proprietary trading, and asset management businesses.

Hong Kong Hedge Funds Offered Incentives to Relocate to Tokyo

25/11/2019

A Japanese delegation was reportedly in Hong Kong last week to meet with dozens of fund managers to persuade them to relocate to Tokyo.

Securities / Derivatives

CSRC Approves Launch of New Commodity Options Contract

25/11/2019

PTA, methanol, iron ore and gold options will launch in December and rapeseed meal options will launch in mid-January.

Securities / Derivatives

EFS Reporting for Derivatives to Start in Q3 2020: APRA

23/11/2019

APRA has determined that only ANZ, BNP Paribas, Citibank, CBA, Deutsche Bank, HSBC, JP Morgan, Macquarie, MUFG, NAB, Sumitomo Mitsui and Westpac will be required to report under ARS 722.0.

Capital / Liquidity

RBNZ Sanctions NAB’s Bank of New Zealand for Capital Calculation Errors

23/11/2019

Bank of New Zealand is the third of the big four banks in New Zealand to be forced to hold more capital as a result of capital calculation errors.

Market Infrastructure

MAS, ABS Conclude 6th Crisis Response Testing Exercise

23/11/2019

‘Exercise Raffles’ brought together the public and private sectors – including the FS-ISAC, HKMA, CSA, SGX, SWIFT and FIS Global – to test cyber and operational disruption response capabilities.

AML / KYC

Bangladesh Publishes New National AML/CFT Strategy

23/11/2019

The national strategy contains 11 strategies along with 137 action plans, aimed at eliminating gaps identified in the 2016 mutual evaluation report from the APG.

Securities / Derivatives

SEBI Approves New Rules for Portfolio Managers

23/11/2019

Among the rules are a higher net worth requirement for portfolio managers,  a doubling of the minimum investment requirement for PMS funds, and mandatory appointment of a custodian.