Capital / Liquidity

APRA Extends Timeline for Capital Reforms to Align with Basel III

27/11/2018

APRA will align capital reforms with Basel III timelines, effectively pushing implementation to 1 January 2022. It has also adjusted the leverage ratio in response to consultative feedback.

Market Infrastructure

HKIFA Seeks Loosening of HK-China MRF Restrictions

27/11/2018

The industry association has been working with EY on proposals aimed at making it easier to distribute Hong Kong-based funds into China through the mutual recognition scheme.

Securities / Derivatives

India’s Large Corporates Mandated to Issue Bonds for Financing

27/11/2018

SEBI’s new framework requires large corporates to raise at least 25% of their financing through debt securities issuances, to reduce reliance on bank funding and boost the bond market.

Enforcement

Tokyo Bourse to Probe Nissan over Former Chairman’s Alleged Misconduct

27/11/2018

The Tokyo Stock Exchange will examine Nissan’s internal controls and consider punitive penalties including possible delisting, amid allegations of financial misconduct by its former chairman.

Securities / Derivatives

Malaysia to Allow Diversified Range of ETF Products

27/11/2018

New guidelines seek to boost retail investor participation in the ETF market by facilitating greater product innovation and allowing for the issuance of a more diversified range of ETFs.

Market Infrastructure

Indonesia Moves to T+2 Stock Settlement

27/11/2018

Indonesia becomes the second Southeast Asian country to implement T+2 settlement, in a move that is expected to improve liquidity, reduce settlement risk and boost foreign participation.

Securities / Derivatives

China Issues Tax Clarification for Foreign Institutional Bond Investors

26/11/2018

From 7 November 2018 until 6 December 2021, foreign institutions are exempt from income and value-added taxes on interest earned from bond investments in China.

Market Infrastructure

MAS Grants First Private Securities Exchange Licence to CapBridge

23/11/2018

The regulatory approval allows CapBridge to operate a private securities exchange, called ‘1exchange’, where investors can buy and sell securities issued by private companies.

Fintech / Regtech

Thailand to Broadly Revamp Regulations for Financial Institutions

23/11/2018

New regulations will make it easier for financial institutions to lend to SMEs and adopt new technologies, while also reducing burdensome approval processes.