Fintech / Regtech

Australia to Develop Fintech Code of Conduct

02/03/2018

The code of conduct will cover transparency and disclosure for fintech balance sheet lenders offering unsecured business loans.

Market Infrastructure

China Levels Playing Field for Foreign Banks

01/03/2018

Pre-approvals no longer required for wealth management, custody services; procedures simplified for branch opening, executive appointments, bond issuance.

Enforcement

Hong Kong SFC to Focus on Corporate Fraud in 2018

27/02/2018

SFC’s recent newsletter on enforcement priorities details concern on false financial statements, IPO fraud and other sponsor failures.

Securities / Derivatives

China Stalls Launch of Registration Based IPO System

26/02/2018

Initially set for implementation this week, the market-oriented approach to listings will be pushed forward two years.

Securities / Derivatives

CFTC Extends Shanghai Clearing House No-Action Relief

26/02/2018

Shanghai Clearing House is permitted to clear certain swaps subject to mandatory clearing in China for the proprietary trades of its clearing members that are US persons.

Enforcement

Indian Court Urges End to Auditor ‘Self Regulation’

26/02/2018

Supreme Court says auditors lack adequate oversight, have breached central bank and foreign direct investment rules and Chartered Accountants Act.

China Launches Online Credit Scoring Service

25/02/2018

Baihang Credit Scoring granted three-year licence to provide personal credit information services online.

Securities / Derivatives

China Stops Publishing Volatility Index Data

24/02/2018

The move was designed to curb options market activity and discourage speculation amid recent volatility, says Bloomberg.

Securities / Derivatives

IOSCO Issues Guidance on Conflicts of Interest in Equity Offerings

24/02/2018

Recommendations developed by group of regulators including ASIC, Hong Kong’s SFC and Japan’s FSA.