Market Infrastructure

Japan OTC Derivatives Regime Deemed Equivalent Under EMIR

26/04/2019

The European Commission recognises Japan’s rules on valuation, dispute resolution and margin exchange for uncleared OTC derivative contracts as equivalent to EMIR.

Uncategorised

HKMA, SFC Find Opaque Financing Practices at Mainland Owned Banking Group

25/04/2019

Coordinated inspections found that a licensed corporation owned by a subsidiary as well as a bank within a Mainland-based group had adopted “complex, opaque financing arrangements”.

Market Infrastructure

Shanghai, Switzerland to Explore Development of Stock Connect

25/04/2019

Under an updated MoU, the Shanghai Stock Exchange and SIX Swiss Exchange to explore the feasibility of developing a stock connect programme.

Market Infrastructure

Shenzhen, Thailand Stock Exchanges to Develop Cross Border Products

25/04/2019

An MoU sign by the SZSE and SET this week will facilitate the development of cross-border products such as ETFs, depositary receipts, indices and green finance products.

Fintech / Regtech

UPDATED – K-Bank Financing Plan Halted Amid Antitrust Probe

25/04/2019

KT Corporation was planning to up its stake in the internet-only bank to 34%, but the FSC put its review process on hold amid an FTC antitrust probe.

AML / KYC

Japan FSA Raids Two Crypto Exchanges to Check Compliance

25/04/2019

The FSA reportedly wants to ensure appropriate measures have been implemented for customer protection and legal compliance after recent management changes.

Enforcement

Financial Planners Worry About AFCA’s Extended Powers

25/04/2019

The FPA says advisers are worried old cases will be judged against newer, stricter advice standards and they may not be covered by professional indemnity insurance.

Securities / Derivatives

SEBI Enables Greater Retail Access to REITs, InvITs

24/04/2019

The regulator has reduced the minimum subscription size and introduced defined trading lots for real estate and infrastructure investment trusts in India.

Securities / Derivatives

MPF Needs Greater Access to China Markets – HKIFA

24/04/2019

Hong Kong fund managers are asking for Shanghai and Shenzhen to be included in the list of overseas markets approved for MPF investment.