Market Infrastructure

Huatai Confirms Intention to Float London Depositary Receipts

06/06/2019

Huatai Securities reconfirming its intention to list depositary receipts on the LSE signals that the issues that delayed the Shanghai-London Stock Connect may now be resolved.

Market Infrastructure

Project Stella: DLT Can Improve Cross-Border Payment Security

06/06/2019

The BOJ-ECB phase three study says DLT can improve security in cross-border payments by using payment methods that synchronise payments and lock funds along the payment chain.

Securities / Derivatives

Philippine Bourse Rolls Out Online IPO Subscription Platform

05/06/2019

The new platform allows local small investors to subscribe to IPOs online. Previously, they had to file IPO subscription forms at designated mall kiosks.

Enforcement

Taiwan FSC Raises Penalties for Illegal Investment from China

05/06/2019

Chinese investors who buy shares of Taiwan listed companies without authorisation will be fined based on their investment amount. The maximum fine is now TWD 25 million.

Fintech / Regtech

FSC Korea to Launch Open Data Infrastructure to Facilitate Innovation

05/06/2019

A new open data system will start providing anonymised credit information of two million people as sample data in June; and next year a financial data exchange will be launched.

Market Infrastructure

FSB Consults on Measures to Improve G-SIB Resolvability

05/06/2019

Two discussion paper have been issued, one on public disclosures of information on resolution planning and resolvability, the other on winding down large derivatives portfolios.

Securities / Derivatives

SHFE Publishes Eligibility Rules for Futures Trading Participants

05/06/2019

The trading of options and specified futures contracts conducted on the Shanghai Futures Exchange will be subject to the eligibility rules.

Enforcement

UPDATED – RBI Bans EY Member Firm from Auditing Banks

05/06/2019

Reports indicate the RBI had found large discrepancies in bad debt reported by banks for the 2015-2016 period, particularly in the cases of Axis Bank and YES Bank.

Enforcement

MAS Penalises Singapore National in LSE Insider Trading Case

05/06/2019

The penalty was the result of close cooperation and information sharing between MAS and the UK FCA, which had referred the case and provided investigative assistance.