Market Infrastructure

Bloomberg Indices to Include Chinese Local Currency Bonds from April

01/02/2019

The Bloomberg Barclays Global Aggregate Index will phase in Chinese government bonds and policy bank securities over 20 months, starting from April 2019.

Crypto / Digital Assets

SC Malaysia Includes Digital Assets in ‘Recognised Market’ Guidelines

01/02/2019

Operators of electronic platforms for digital assets have until 1 March to submit an application to be formally recognised by the Securities Commission as market operators.

Market Infrastructure

China to Expand Scope, Ease Requirements for QFII, RQFII Schemes

01/02/2019

New rules propose consolidating the QFII and RQFII into a single scheme, expanding the scope of investment products allowed and easing qualifying requirements for applicants.

AML / KYC

Chinese Supreme Court Directs Police on Illegal Fundraising Crackdown

31/01/2019

Police officers found to be negligent in enforcing against illegal fundraising through online channels could face criminal charges.

Market Infrastructure

India Finance Ministry to Have Greater Say in SEBI Rulemaking

31/01/2019

SEBI regulations may need to be vetted through a separate independent committee constituted by the Ministry of Finance before being passed to the regulator’s own board for approval.

Securities / Derivatives

China Consults on Rules for Shanghai’s New Science and Technology Board

31/01/2019

New rules under consultation cover auditing, issuance, listing, underwriting, trading and supervision of companies listed on the SSE’s new science and technology board.

Securities / Derivatives

S. Korea FSC Announces ‘Revitalisation Plan’ for KONEX Market

31/01/2019

New rules for the KONEX are aimed at boosting liquidity and trust in the market, while also making fundraising easier for SMEs and venture companies.

Enforcement

UPDATED – Malaysia SC Fines Deloitte for 1MDB-Linked Auditing Breaches

31/01/2019

SC says Deloitte failed to immediately report irregularities which may have had a material effect on the ability of a 1MDB unit to repay bondholders. Deloitte is seeking a review of the decision.

Capital / Liquidity

APRA Maintains Zero CCyB in Favour of Targeting Lending Standards

30/01/2019

APRA has maintained the countercyclical capital buffer rate at zero percent, focusing instead on targeted measures to improve eroded bank lending standards.