Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Market Infrastructure
ASX Announces JP Morgan Launch of Agency Clearing Service
27/09/2018
Australian-domiciled clients will be able to keep AUD and NZD cleared derivatives within a single clearing house and legal construct, while leveraging local ASX infrastructure.
Capital / Liquidity
China Seeks to Boost Interbank Bond Issuances by Foreign Institutions
27/09/2018
PBOC and MOF have issued guidelines clarifying the requirements for foreign governments and institutions issuing interbank bonds in China.
AML / KYC
SEBI Relaxes KYC Norms for Indian Beneficial Owners of FPIs
26/09/2018
The latest circular allows Indians living overseas to hold only a non-controlling stake in an FPI entity, but permits them to fully control the investment manager in charge of its assets.
Enforcement
CFTC Imposes Fine on Mizuho Bank in Spoofing Case
25/09/2018
A trader placed multiple large orders on CME and CBOT futures contracts from Mizuho’s Singapore office with no intention of executing them.
Enforcement
Former Indonesian Bank Bailout Chief Jailed in Corruption Case
25/09/2018
The former head of an agency credited with leading Indonesia out of the 1998 financial crisis reportedly caused state losses of over $300mn.
Securities / Derivatives
SGX Proposes New “Trade at Close” Session for Securities Market
24/09/2018
New five-minute trading session will allow participants to execute fixed-price orders at the closing auction price; consultation open until 11 October.
Securities / Derivatives
India’s NSE Signs MoU with London Stock Exchange
23/09/2018
The agreement seeks to create a dual listing mechanism for masala and foreign-currency bonds issued by Indian companies.
Fintech / Regtech
Singapore, China Achieve ‘New Milestones in Financial Cooperation’
21/09/2018
Collaboration to focus on strengthening supervision, enhancing connectivity, cooperating on fintech and supporting the Belt and Road initiative.
Enforcement
OSE, TSE Discipline MUFG Brokerage Unit for JGB Futures Manipulation
21/09/2018
Latest disciplinary action follows a FSA fine earlier this year, after a dealer manipulated the JGB futures market using the firm’s proprietary trading account.
Securities / Derivatives
KRX Obtains SEC Class Relief on Index, Stock Options
20/09/2018
Korea Exchange members can now directly market options on local indexes and 31 individual stocks to US institutional investors.
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