Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Securities / Derivatives
UPDATED – Taiwan Mulls Introduction of Intraday Odd-lot Trading
19/02/2019
Currently, odd-lot trades are only permitted in after-hours trading. The introduction of intraday odd-lot trading will boost daily turnover and give retail investors more choice, the FSC says.
Market Infrastructure
CBIRC Drafts New Rules for Local Government AMCs – Report
19/02/2019
Many local government-run AMCs have not been focused on dealing with bad loans as intended due to a lack of clarity on their business scope.
Market Infrastructure
SWIFT Publishes Counterparty Cybersecurity Risk Guide
19/02/2019
The guide assists organisations in incorporating their counterparties’ cybersecurity self-attestation data into their risk management frameworks and governance models.
AML / KYC
SFC Fines Guosen Securities $1.94mn for AML Breaches
19/02/2019
The Hong Kong unit of Guosen Securities failed to make enquiries into or report thousands of suspicious third party deposits.
Market Infrastructure
RBI Consults on New Requirements for Benchmark Administrators
18/02/2019
The draft directions under consultation include requirements related to administrators’ minimum net worth, governance arrangements, and organisational structure, among other requirements.
Market Infrastructure
Philippines Expands Central Bank Supervisory Powers
18/02/2019
Amendments to the BSP’s charter will boost its capitalisation and extend its supervisory remit to all financial institutions in the country.
Market Infrastructure
Big Four Auditors Face Parliamentary Scrutiny in Australia
18/02/2019
Amid an ongoing ACCC probe into the big four auditing firms, a parliamentary committee is asking for a review of the audit market to explore conflicts of interest and market dominance issues.
Uncategorised
Hong Kong Empowers FRC as Independent Auditor Oversight Body
18/02/2019
Hong Kong has gazetted an Amendment Ordinance empowering the Financial Reporting Council as an independent oversight body for the HKICPA and auditors of listed companies.
Securities / Derivatives
CBIRC Green-Lights a Fifth Bank’s Wealth Management Subsidiary
17/02/2019
ICBC has become the 5th bank to receive approval to set up a wealth management subsidiary, through which it can channel WMP funds into the stock market.
Securities / Derivatives
India Lifts Corporate Bond Investment Cap for FPIs
17/02/2019
The 20% cap limiting exposures to a single corporate entity was aimed at incentivising FPIs to maintain a portfolio of assets, but market feedback indicates it has instead had a contraining effect.
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