Market Infrastructure

Beijing Municipal Government Seeks QDII, RQDII Expansion

15/04/2019

Beijing vice mayor Yin Yong says securities firms, fund managers and futures trading firms should be able to to invest outside China through the QDII and RQDII schemes.

Fintech / Regtech

India Brokers Asked to Report on AI, ML Systems by 15 Apr

13/04/2019

In line with  January circular from SEBI, BSE India has asked stock brokers to submit their cybersecurity compliance reports for the Jan-Mar quarter.

AML / KYC

Japan FSA Proposes Stronger Regulation for Crypto Assets

13/04/2019

In a bill to amend the law, the FSA proposes the introduction of stronger protections for investors and restrictions to prevent misconduct in the crypto sector.

Enforcement

CBA has Complied with 2014 Financial Advice Licence Conditions

12/04/2019

CBA has offered A$9.3mn to compensate customers whose advice was reviewed under the 2014 licence conditions imposed on its financial planning entities.

Enforcement

Australian Authorities Bust Vietnamese Money Transfer Cartel

12/04/2019

The ACCC and Australian police have brought charges against an alleged price-fixing cartel, which is said to have been directed by Vietnam’s Sacombank.

Market Infrastructure

SEBI Issues CCP Guidelines for Risk-Based Capital, Net Worth

12/04/2019

New norms have been issued by India’s regulator on computing risk-based capital and net worth requirements for clearing corporations.

Enforcement

ASIC Warns OTC Derivatives Platforms on Overseas Services

12/04/2019

OTC derivatives platforms offering services to foreign retail investors may be breaking overseas laws, which may be inconsistent with local obligations to provide services ‘efficiently, honestly and fairly’.

Market Infrastructure

US SEC Recognises NZX as Designated Offshore Market

11/04/2019

NZX participants will no longer be required to maintain a reasonable belief that clients are non-US domiciled persons in order to trade on their behalf.

Fintech / Regtech

HKMA Grants Fourth Virtual Bank Licence to WeLab Digital

11/04/2019

The HKMA has granted a fourth virtual bank licence to WeLab Digital, the first stand-alone company to receive the licence.