Capital / Liquidity

PBOC Issues Draft Rules for Financial Holding Companies

29/07/2019

Financial holding companies controlled by non-financial enterprises that meet certain conditions will be supervised by the PBOC, with licences issued by the State Council.

Market Infrastructure

NAB Notifies 13,000 Customers of Data Breach

29/07/2019

Australia’s fourth largest bank says the personal data uploaded to servers without authorisation was not copied or further disclosed, and has since been deleted.

Securities / Derivatives

SSE Star Market Stocks to Be Included in Stock Connect

28/07/2019

A shares listed on the SSE Star Market will be eligible for northbound trading once relevant business and technical preparations are completed.

Securities / Derivatives

Hong Kong Cracks Down on Backdoor Listings, Shell Activities

28/07/2019

Effective from 1 October, new rules from HKEX will prohibit large disposals of businesses or assets by listed companies for three years following a change in control.

Market Infrastructure

New Zealand Implements Asia Region Funds Passport

28/07/2019

New Zealand joins Australia, Japan and Thailand in having implemented the legal and regulatory requirements to enable the Asia Region Funds Passport.

Securities / Derivatives

UPDATED – ASIC to Review Active ETF Rules on Market Making

26/07/2019

ASIC has asked market operators not to admit any managed funds that do not disclose their portfolio holdings daily and have internal market makers, while it undertakes a review of its regulatory settings.

Market Infrastructure

CCP12 Publishes Best Practices to Address Outsourcing Risk

26/07/2019

As CCPs move to more complex supply chain models, proper oversight mechanisms and controls need to be in place to manage the risks introduced by third-parties.

Enforcement

FMA to Open Applications for New Adviser Licences in November

26/07/2019

Announced last month, the new licensing regime will require financial advisers to operate under a new transitional licence from June 2020.

Securities / Derivatives

Taiwan to Launch Intraday Odd-lot Trading in H2 2020

26/07/2019

Currently, odd-lot trading is only permitted after-hours. Allowing intraday odd-lots trades is expected to boost retail stock market participation and increase daily turnover.