Securities / Derivatives

CSRC Approves UBS Majority Control of China Securities JV

04/12/2018

UBS will become the first foreign financial institution to take a controlling stake in a China-based securities joint venture, having now received formal approval from the CSRC.

Market Infrastructure

MAS to Co-Fund Financial Sector Efforts to Develop Local Cyber Capabilities

04/12/2018

The MAS will support financial institutions that establish global or regional cybersecurity centres in Singapore, or run key cybersecurity functions from the city to develop local capabilities.

Securities / Derivatives

China Eases Restrictions on Index Futures Trading

04/12/2018

The CFFEX has lowered margin requirements and trading costs on stock index futures, while also raising the daily trading limit on individual futures products.editors

Market Infrastructure

Bursa Malaysia to Implement T+2 by Q2 2019

03/12/2018

The bourse said the move to a shorter settlement cycle will improve operational efficiency, reduce counterparty risk and improve the competitiveness of Malaysia’s capital market.

Market Infrastructure

Huatai Securities Wins First Approval to Issue GDRs in London

03/12/2018

The approval marks the launch of the Shanghai-London Stock Connect, which allows China- and London-listed firms to issue depository receipts in each other’s markets.

Securities / Derivatives

China Enables Bond Market Access Through Bloomberg Terminal

03/12/2018

The PBOC says preparatory work has been completed to enable international investors’ access to China’s interbank bond market, via Bond Connect, through Bloomberg terminals.

Fintech / Regtech

TransUnion Online Service Suspended in Hong Kong – Reports

03/12/2018

The HKMA and privacy commissioner have demanded security improvements after reporters were able to access top officials’ credit reports through TransUnion’s online service.

AML / KYC

Philippine Central Bank Updates Rules on KYC, AML

03/12/2018

The BSP will require financial institutions to collect customers’ unique ‘PhilSys’ ID numbers, and allow the use of technology to capture and record personal data.

Securities / Derivatives

RBI Announces Phasing-In of LEI for Non-Derivatives Markets

30/11/2018

Entities transacting in government securities, money markets and non-derivative forex markets will be required to have LEI codes, starting with larger firms in April 2019.