Reporting & Disclosures

FMA Issues Draft Guidance on Responsible Investment

30/09/2019

New Zealand’s FMA is seeking feedback on how responsible investment products should be described, labelled and promoted to investors.

Structural Regulation

Hong Kong to Regulate Fund Trustees, Custodians

30/09/2019

Fund trustees and custodians in Hong Kong are not subject to any licensing regime or ongoing supervision. The SFC proposes to regulate them under a new type of regulated activity, RA 13.

Trading & Investment

SGX to Introduce Price Collars for Auction Mechanism

30/09/2019

The price limits will prevent order matching beyond a certain range of the last traded price for the securities market’s opening, mid-day and closing auction routines.

Credit Risk

SFC to Push Ahead with New Cap on Margin Financing

30/09/2019

From 4 October, margin loans will be capped at five times capital, despite appeals from brokerage firms to postpone the new rules by one year.

Cybersecurity

Singapore Unveils New Framework for Upskilling Financial Sector

30/09/2019

The IBF, MAS, SkillsFuture and Workforce Singapore jointly developed the framework to help finance industry professionals upgrade their skills and remain relevant.

Conduct, Culture & Accountability

Most Rules to Prevent Complex Product Mis-selling Already in Place

27/09/2019

Only China, Hong Kong, Japan and Singapore are fully consistent with all nine IOSCO principles on suitability requirements for the distribution of complex financial products.

Structural Regulation

APAC Central Banks Prepare Market for Benchmark Reforms

27/09/2019

A group of APAC central banks have issued a report on the regional implications of LIBOR’s discontinuation, BMR implementation, and reforms to local benchmarks.

Clearing & Post-Trade

ASX Entities Need Stronger Legal Basis to Access Risk Capital

27/09/2019

In its latest assessment of ASX’s clearing and settlement facilities, the RBA says the facilities need to strengthen their legal basis to access general business risk capital.

Conduct, Culture & Accountability

New Zealand to Introduce New Conduct Oversight Regime

27/09/2019

New legislation to implement the regime is expected by year-end, empowering the FMA with stronger enforcement tools and the ability to impose higher penalties for conduct breaches.