Structural Regulation

CSRC Urges US to Avoid Politicising Securities Regulation

25/05/2020

The CSRC has responded to a US bill that could subject the 233 Chinese companies listed in the US to PCAOB oversight in their audits, or delisting for noncompliance.

Structural Regulation

Australia to Regulate Litigation Funders as AFS Licencees

25/05/2020

In three months, litigation funders will no longer be exempt from having to hold an AFS Licence and being categorised as managed investment schemes.

Trading & Investment

TAIFEX to Launch ESG and Biotech Futures Contracts

25/05/2020

The ESG Index Futures contract will track the performance of TWSE listed companies that meet the globally recognised ESG standards used by the FTSE4Good Index Series.

Credit Risk

SEBI Allows Quicker Upgrades of ‘Cured’ Defaulters by Rating Agencies

25/05/2020

Companies may no longer need to wait months for their credit status to be upgraded after a default is ‘cured’ and payments are regularised.

Anti-Money Laundering

Myanmar: YSX, Securities Firms Directed to Enhance AML Controls

25/05/2020

The YSX is asked to strengthen internal controls and establish an audit committee; six securities firms are asked to address document collection and record-keeping deficiencies.

Clearing & Post-Trade

ASX Responds on Tranche 1 Rule Changes for CHESS Replacement

25/05/2020

ASX says it will not be mandating settlement locks for CHESS holdings, given the broad support stakeholders for this approach.

Supervision & Enforcement

CSRC to Optimise Classification System for Securities Firms

25/05/2020

The changes are aimed at ensuring the classification system encourages firms to maintain focus on risk management capabilities and continuous compliance.

Trading & Investment

Taiwan Considers Establishing New Market for SMEs

25/05/2020

Only professional investors would be allowed to buy or sell shares on the new platform, which would be independent of Taiwan’s other fundraising markets.

Conduct, Culture & Accountability

Australian Treasury Bans ‘Conflicted’ Commissions Paid on LICs

24/05/2020

Fund managers will be barred from paying fees to financial advisers and stockbrokers for selling listed investment companies and trusts.