Enforcement

AFCA Consults on Expanded Remit to Cover Legacy Complaints

20/03/2019

The consultation follows the government’s recent expansion of AFCA’s remit allowing it to handle legacy complaints dating back to 1 January 2008.

Market Infrastructure

UPDATED – Bank of England Grants Recognition to Indian Clearing Corporations

20/03/2019

The Metropolitan Clearing Corporation of India is the first Indian clearing corporation to receive recognition from under the UK’s temporary recognition regime.

Securities / Derivatives

Shanghai’s New High-Tech Board Starts Receiving IPO Applications

20/03/2019

Eleven firms have so far announced plans to list on the new board, six of which are already traded on OTC markets or other exchanges.

Securities / Derivatives

SFC Extends Compliance Deadline for New Rules on Complex Products

20/03/2019

The SFC has extended the deadline for compliance with new rules requiring firms to ensure client suitability when selling complex products by two months.

Market Infrastructure

China Liberalises Cross-border Capital Flows for Multinational Firms

20/03/2019

The new regulations simplify the registration process for multinational firms borrowing from and lending overseas to make it easier for them to manage cross-border capital flows.

Market Infrastructure

NSE-SGX Final Arbitration Decision Deferred to December 2020

20/03/2019

The deferment means Singapore Exchange will be able to continue offering SGX Nifty products until a long term solution is agreed.

Capital / Liquidity

Poorly Performing Japanese Banks to Face Added FSA Pressure

20/03/2019

The FSA plans to stress test Japanese regional banks by mid-year and issue business improvement orders and possible restrictions on poorly performing banks.

Crypto / Digital Assets

Japan to Impose Margin Trading Limits in Cryptocurrency Sector

20/03/2019

New rules will limit cryptocurrency margin trading to two-to-four times initial deposits and require exchanges offering margin facilities to register separately with government.

Vietnam Ups Pressure on Banks to List Before 2020

19/03/2019

Vietnam’s prime minister has approved a scheme that will force banks to list on a stock exchange by 2020. Banks are currently reluctant to go public due to poor market conditions.