Australia Commissions Capabilities Review of ASIC

11/09/2015

Australia’s government has commissioned a capabilities review to to examine, and make recommendations on how efficiently and effectively ASIC operates.

Securities / Derivatives

Pakistan Consults on New Broker Inspection Regime

11/09/2015

The Securities and Exchange Commission of Pakistan is planning to implement a new inspection regime for stock brokers in October.

China Cracks Down on ‘Suspicious’ Forex Transactions

10/09/2015

The State Administration of Foreign Exchange has asked banks to manage forex transactions to identify suspicious cross-border fund transfers in a bid to ease pressure on capital outflows.

Securities / Derivatives

Indonesia to Ease Banking Restrictions on Foreigners

10/09/2015

Indonesia’s Financial Services Authority will allow foreigners to open dollar savings accounts at local banks in a bid to further improve foreign exchange liquidity in the country.

Securities / Derivatives

Indonesia to Adopt Global Standard for Tax Information Exchange

09/09/2015

Indonesia’s government is looking to adopt global standards for the automatic exchange of financial information in 2017, in a bid to address tax revenue issues.

India’s MAT Ruling Welcomed by Industry

09/09/2015

Government’s decision to waive the controversial minimum alternate tax on capital gains made by foreign investors retrospectively welcomed by cross-section of industry.

Securities / Derivatives

Myanmar to Adopt Real-Time Clearing and Settlement

09/09/2015

The Central Bank of Myanmar is planning to adopt a real-time gross settlement system for the first time by the end of this year.

Bombay Stock Exchange Allows Roll-Over of Securities Loans

09/09/2015

The Bombay Stock Exchange has launched a roll-over facility for securities lending and borrowing in a bid to increase participation in the currently very shallow SLB market.

Securities / Derivatives

Malaysia Launches New Fintech Initiative

09/09/2015

Malaysia’s Securities Commission has announced a new initiative aimed at driving interest towards the development of financial technology sector.