Securities / Derivatives

Philippine Bourse Proposes Tightening of Delisting Rules

06/12/2019

Under the proposed rules, a voluntary delisting must be approved by all independent directors and by stockholders owning at least 75 percent of the total outstanding listed shares.

Capital / Liquidity

Capital Deficit May Force Vietnam Majors to Halt Lending: SBV

06/12/2019

Vietcombank, BIDV, Vietinbank and Agribank are close to minimum capital adequacy requirements and may be forced to stop lending if they are not allowed to increase capital.

AML / KYC

Sri Lanka to Develop Shared KYC Facility Using Blockchain

06/12/2019

The CBSL is inviting software development companies to apply (by 31 December) to help in the development of a proof-of-concept of a shared KYC facility.

Securities / Derivatives

Bangladesh Regulator Approves Rules for ‘Alternative Trading Board’

06/12/2019

The Bangladesh Securities and Exchange Commission has approved a set of rules to enable the trading of non-listed companies on a new ATB board.

Capital / Liquidity

CBIRC Finalises Net Capital Rules for Banks’ Wealth Management Units

06/12/2019

The regulator has fixed the minimum net capital for commercial lenders’ wealth management subsidiaries at 500 million yuan, and at least 40 percent of the net assets.

Enforcement

ASIC Files Criminal Charges Against Ex-APRA Manager for False Documents

06/12/2019

The former APRA senior manager has been criminally charged for providing false documents to the regulator while serving as CEO of a credit union.

Enforcement

Nomura Releases New Code of Conduct for Employees

05/12/2019

Nomura Holdings has released a 19-point code of conduct for its employees following information leaks that subjected the firm to regulatory action.

ASIC Bans Cold Call Selling of Life Insurance, CCI Products

05/12/2019

The ban on unsolicited cold-call sales of direct life and consumer credit insurance follows a A$700,000 penalty against CBA’s CommInsure for hawking offences.

Fintech / Regtech

Korea Announces New Measures to Boost Fintech Development

05/12/2019

Among other measures, the FSC said that it would promote the use of regulatory sandboxes to produce at least 100 cases of innovative financial services by March 2020.