Supervision & Enforcement

SFC Fines China Merchants Securities for Mishandling Client Money

31/05/2019

China Merchants Securities has received a second fine this week, this time for using funds from client trust accounts for purposes not allowed under the SFC’s Client Money Rules.

KYC & CDD

RBI Allows Banks to Use Aadhaar for KYC

31/05/2019

The RBI will allow banks to use Aadhaar to authenticate and verify customer identities, provided customer consent is obtained.

Trading & Investment

S. Korea FSC Announces Derivatives Market Reforms

31/05/2019

The minimum deposit requirements will be abolished for professional investors and eased for retail investors. The minimum 20-hour compulsory training requirement will be reduced.

Trading & Investment

South Korea Cuts Securities Transaction Tax

30/05/2019

FSC chairman Choi Jong-ku has repeatedly called for a cut in the securities transaction tax to ease the burden it places on stock and mutual fund trades.

Cloud & Infrastructure

SEBI Floats Discussion Paper on Sandbox for Regulated Entities

30/05/2019

Under the proposed framework, entities regulated by SEBI will be granted certain facilities and flexibilities to experiment with innovative solutions in a live environment and on real customers.

Structural Regulation

PBOC Mulls Shift to Market Based Lending Rates

30/05/2019

PBOC governor Yi Gang has suggested discontinuing benchmark lending rate announcements to study the resulting loan rate trends, as a possible step towards market-based rates.

Trading & Investment

China Clarifies Treatment of CDR Proceeds for Foreign Issuers

30/05/2019

New rules from the PBOC and SAFE give freedom to CDR issuers to elect whether to keep the proceeds in China or send them abroad.

Credit Risk

Bangladesh Imposes Limits on Bank Exposures to Non-Listed Securities

30/05/2019

The move comes just after the central bank allowed banks to exclude investments in non-listed securities from their capital market exposure calculations.

Capital Adequacy

Vietnam Banks Allowed to Retain Dividends to Boost Capital

30/05/2019

State-owned banks will be allowed to retain dividends or pay them in shares to help them meet Basel II capital adequacy requirements by January 2020.