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.

Capital / Liquidity

CBIRC Issues New Rules to Raise Transparency on Bank Ownership

26/07/2019

By end-June 2020, all banks must provide the complete and accurate register of their shareholders to custodian institutions who will manage the register moving forward.

Enforcement

ASIC Takes ANZ Bank to Court for Unlawful Fees

26/07/2019

ANZ charged fees on transactions between its customers’ own accounts, despite the fees only being applicable to transactions made to “another person or business”.