Enforcement

Former Supervisor at ICBC Unit Settles with US SEC

18/10/2019

The former supervisor of ICBC’s US broker-dealer unit has agreed to settle charges for failures involving the improper handling of transactions of ADRs.

AML / KYC

SEBI Issues Measures to Protect Securities Market Client Records

18/10/2019

A new cybersecurity framework has been issued for KYC registration agencies. Stockbrokers, depository participants, registrars and transfer agents are asked to submit their quarterly reports by end-November.

Securities / Derivatives

China Bond Market Access Schemes to Become Interoperable

18/10/2019

Foreign institutional investors can transfer bond holdings and funds between their QFII/RQFII and direct investment schemes starting from 15 November.

Securities / Derivatives

Japan to Exempt Hedge Funds from Stricter Foreign Investment Rules

18/10/2019

The government reportedly intends to exempt ‘portfolio investors’ from having to seek prior approval under the proposed 1% notification threshold.

Capital / Liquidity

APRA Proposes Banks Hold More Capital Against Large Subsidiaries

18/10/2019

APRA proposes to increase the amount of capital banks need to hold to support investments in large subsidiaries, such as their New Zealand units.

Market Infrastructure

Post Crisis Reform Implementation Has Progressed in 2019: FSB

18/10/2019

Regulators should lead by example to promote the timely, full and consistent implementation of remaining reforms to support a level playing field and avoid regulatory arbitrage, the FSB says.

Capital / Liquidity

BSP Reduces Reserve Requirement for Bank Bonds

18/10/2019

The move to lower is aimed at deepening the debt market and reducing the intermediation cost that bond issuers could pass on to bond holders.

Market Infrastructure

Singapore Banks Gain Access to China Interbank Bond Market

17/10/2019

The PBOC will allow designated Singapore banks to offer trading and custody services for China’s bond market, starting with DBS.

Market Infrastructure

Macau Submits Securities Market Proposal to Chinese Authorities

17/10/2019

A senior Guangdong official who reportedly helped Macau authorities prepare the proposal said he hopes the central government will approve the plan by mid-December.