Securities / Derivatives

S. Korea Tightens Short Selling Rules to Curb Market Volatility

10/03/2020

Starting from Wednesday, the new rules will extend the current 1-day prohibition on ‘overheated short-selling stocks’ to 10 days, while lowering the thresholds for the designation.

Japan Approves Trillion-Yen Aid Package to Support Economy

10/03/2020

The package includes low- and zero-interest loans for the hardest hit SMEs and self-employed workers, and additional support for larger companies through public financial institutions.

Uncategorised

ASIC Consults on Advice Fee Consent, Independence Disclosures

10/03/2020

The legislative instruments ASIC proposes are based on draft legislation for Royal Commission reforms – due to come into effect in July.

Enforcement

Woori Financial Chair Seeks Injunction Against FSS Sanctions

10/03/2020

If the injunction is granted, it could clear the path for Woori Financial Group chairman Sohn Tae-sung to lead the group for another three-year term.

Fintech / Regtech

JPX to Test DLT Information Sharing in Securities Post Trade

10/03/2020

The pilot testing will seek to address inefficiencies in the securities post-trade process that arise as a result of data and workflow mismatches between trading counterparties.

Securities / Derivatives

CSRC Loosens Rules on Venture Capital Divestment

10/03/2020

The move is said to be aimed at strengthening support for the real economy by allowing VC and PE firms to more quickly reinvest in startup firms.

Australia: ‘Perfect Storm’ of Regulatory Change Squeezing Smaller Banks

09/03/2020

The Customer Owned Banking Association is calling for the government to reassess the approaching wave of banking regulation, as record low interest rates squeeze margins.

RBNZ, NZBA Say Banks ‘Ready to Respond’ to Covid-19 Impacts

09/03/2020

The RBNZ has inquired into the risk management approaches and preparedness for COVID-19 at banks, and the responses show they are prepared, according to governor Adrian Orr.

Securities / Derivatives

SEBI to Restrict Corporate Guarantees Extended by Listed Companies

09/03/2020

Under the proposal, listed companies will only be allowed to provide guarantees based on “economic interest”, and subject to prior approval from the majority of minority shareholders.