Conduct, Culture & Accountability

Financial Planners Worry About AFCA’s Extended Powers

25/04/2019

The FPA says advisers are worried old cases will be judged against newer, stricter advice standards and they may not be covered by professional indemnity insurance.

Trading & Investment

SEBI Enables Greater Retail Access to REITs, InvITs

24/04/2019

The regulator has reduced the minimum subscription size and introduced defined trading lots for real estate and infrastructure investment trusts in India.

Trading & Investment

MPF Needs Greater Access to China Markets – HKIFA

24/04/2019

Hong Kong fund managers are asking for Shanghai and Shenzhen to be included in the list of overseas markets approved for MPF investment.

Anti-Money Laundering

SFC Imposes 10-Month Ban on Former Guosen Exec

24/04/2019

The 10-month ban on Su Xiqiang, former head of Guosen’s retail brokerage, was a result of improper handling of third-party fund deposits, and a lack of AML controls.

Supervision & Enforcement

Goldman, Gao Hua Securities Agree to $22.3m CSRC Settlement

24/04/2019

Goldman Sachs and its Chinese partner Gao Hua Securities have agreed to an administrative settlement of 150 million yuan for internal control breaches.

Cloud & Infrastructure

Technology to ‘Transform’ a Third of Singapore Finance Jobs – Study

24/04/2019

The main effect of technology will be to “transform” jobs in the financial industry, rather than create or destroy them, says an EY study commissioned by MAS and IBF.

Trading & Investment

China, Japan Sign Agreement to Facilitate ETF Cross-Listings

23/04/2019

The Shanghai Stock Exchange and Japan Exchange Group have signed an ETF Connectivity Agreement to streamline investment in the each other’s markets.

Trading & Investment

Seven Funds Get CSRC Approval for Shanghai Sci-Tech Board

23/04/2019

The first seven funds have been approved by the CSRC to invest in stocks on Shanghai’s new science and technology innovation board.

Data Privacy

China Delays Data-Onshoring Rules Until After US Trade Talks

23/04/2019

China’s Cyber Security Law requires firms to keep personal and ‘important data’ onshore, but uncertainties around the rules and implementation timeline remain.