Securities / Derivatives

Hong Kong Passes Profits Tax Exemption Bill for Funds

25/02/2019

The Bill seeks to enhance the competitiveness of Hong Kong’s tax regimes by creating a level playing field for all funds operating in the city.

Securities / Derivatives

Nine Taiwan Brokers Approved to Issue ETNs – Report

22/02/2019

The Taiwan Stock Exchange and GreTai Securities Market have so far approved a total of 9 securities firms to issue exchange traded notes in Q2 this year.

HKMA Chief of Ten Years Set to Retire in September

22/02/2019

Norman Chan will leave behind a healthy banking industry with strong capital ratios and low bad debt levels. A selection panel will identify the HKMA’s next chief.

Market Infrastructure

No-Deal Brexit to Have Little Impact on S. Korea, says FSS

22/02/2019

If the UK crashes out of the EU without an orderly exit deal in place, the damage to South Korea’s economy will be slight, according to the Financial Supervisory Service.

AML / KYC

China Strengthens AML/CFT Regime with New Guidance

22/02/2019

CBIRC has released guidance to help financial institutions improve AML/CFT controls, on the heels of recent news that PBOC is scrapping its approval process for corporate accounts.

Securities / Derivatives

SEBI Revises Haircuts on G-Secs Used as Stock Trading Collateral

22/02/2019

Following feedback from clearing corporations, there will now be three haircut slabs depending on the type and tenure of government securities.

Securities / Derivatives

SFC Issues Update on ‘Front Loaded’ Approach to Listing Rules

22/02/2019

The SFC “will not hesitate to intervene at an early stage” when it has serious concerns about IPO applications or post-IPO corporate transactions.

Enforcement

Australia Passes Law Enhancing Whistleblower Protections

22/02/2019

The law expands the whistleblower definition, extends protections for those who report misconduct, and requires companies to have a whistleblower policy.

Enforcement

ASIC Finalises HSBC’s 2016 Enforceable Undertaking

21/02/2019

Under HSBC Australia’s remediation programme, the bank offered about A$690,000 in compensation to 104 clients who may have received inappropriate advice.