SEBI Proposes Stricter Rules for Investment Advisers

20/01/2020

The rules include higher net worth requirements, caps on advice fees, and client level segregation of investment advice from product distribution.

RBI Issues Operational Guidance for UCB Large Exposure Reporting

20/01/2020

Large urban cooperative banks have to report exposures over 50mn rupees to a central repository within one month from the end of each quarter.

Securities / Derivatives

IOSCO Issues Final Report Recommending UTC Time Stamping of Trades

20/01/2020

Trading venues and their participants should synchronise the clocks they use for timestamping reportable events with coordinated universal time (UTC), IOSCO says.

CBIRC Whistleblower Handling Mechanism to Take Effect from March

20/01/2020

The measures oblige banking and insurance supervisors to investigate violations of banking and insurance laws and regulations reported by whistleblowers, and to protect their privacy.

ESG / Sustainability

TWSE Adds Climate Risk to Disclosure Rules for Listed Companies

20/01/2020

Listed companies are required to disclose information on their governance of climate-related risks and opportunities, and the actual and potential impacts of their activities on climate.

MAS Alerts Financial Institutions to Microsoft Windows Vulnerabilities

20/01/2020

The vulnerabilities could allow malicious files or applications to bypass detection from security applications and gain control of the computer systems.

Capital / Liquidity

BNM Issues Draft Framework on Recovery, Resolution Planning

20/01/2020

Each financial institution will be required to identify and plan for the execution of a suite of recovery options to restore its long-term viability under a range of stress events.

Market Infrastructure

China Launches Upgraded Credit Reference System

20/01/2020

The new system covers 5 years of financial records, compared to 2 previously, including information on borrowers’ employment status, co-borrowing records, and utility payment history.

Enforcement

MAS Issues First Penalty for Shareholder Disclosure Breach

20/01/2020

An investor was fined S$200,000 for failing to disclose that he had become a substantial shareholder in a Catalist-listed company, and for subsequent disclosure rule breaches.