Market Infrastructure

APRA Revises Prudential Standard to Enhance Superannuation Outcomes

02/05/2019

The revisions will require superannuation licensees to review their performance, analyse member outcomes, and take action to address areas that require improvement.

Market Infrastructure

Philippines Allows Foreigners to Serve as Bank Directors, Officers

01/05/2019

The Philippine central bank has amended rules that previously prohibited the election and appointment of foreign nationals as directors and officers of financial institutions in the country.

Market Infrastructure

UPDATED – NSE Ordered to Pay Disgorgement in Co-Location Case

01/05/2019

NSE will also be prohibited from issuing an IPO and launching new derivatives products for six months. Two former managing directors also found to be guilty.

Crypto / Digital Assets

S. Korea Seeks Lower Barriers for Retail Investment in Derivatives

30/04/2019

The KRX seeks to reduce the minimum account size required to open a derivatives trading account, and to ease compulsory training requirements for retail investors.

Enforcement

New Zealand Proposes Ways to Improve Banking Conduct, Culture

30/04/2019

The proposed measures will put the consumer at the heart of decision-making and make good outcomes the bottom line, says Commerce and Consumer Affairs Minister Kris Faafoi.

Market Infrastructure

China Allows Payment Firms to Offer Cross-Border Services

30/04/2019

China’s State Administration of Foreign Exchange is allowing payment providers to offer cross-border services for e-commerce settlement, electronic payments and foreign exchange.

Market Infrastructure

Singapore’s NETS to Co-Develop QR Payment System in Myanmar

30/04/2019

Singapore payment services provider NETS Group is helping the Myanmar Payment Union develop a unified e-payment system modelled after the SGQR.

Enforcement

Chinese Fund Management Group Faces Police Investigation

30/04/2019

Jay Wei, chairman of JC Group, which controls multiple fund management units, is being investigated by Chinese police for potentially illegal multi-billion-dollar fundraising activities.

Securities / Derivatives

India Opens Foreign Investor Access to Municipal Bonds Market

29/04/2019

The RBI has extended the 2% cap on foreign investment in state development loans to also be allocated to municipal bonds.