China and UK Launch Direct Currency Trade

19/06/2014

China and the UK have started the direct trading of the yuan against the sterling, in a bid to reduce costs from currency conversions.

Securities / Derivatives

Taiwan to Ease Rules on Securities Houses

18/06/2014

The Financial Supervisory Commission plans to ease investment restrictions on securities houses, allowing them more flexibility to expand overseas and grow into regional champions.

Australian Regulator Extends Super Fund Fee Disclosure

18/06/2014

The Australian Securities and Investments Commission has moved the deadline back to July 2015 for superannuation funds and management investment schemes to comply with fee and cost disclosure requirements.

Securities / Derivatives

New Zealand Regulator Issues DIMS Licensing Guide for Smaller Advisory Firms

18/06/2014

Commerce Minister Craig Foss has announced changes to the regulation of discretionary investment management services to help smaller financial advisers obtain the service license.

Securities / Derivatives

Australia’s Fund Managers to Pursue Asia Region Funds Passport in S. Korea

17/06/2014

Australia’s top fund managers will lead high level discussions with South Korean officials and chief executives on how they can develop closer ties in financial services.

Securities / Derivatives

Vietnam State Bank Imposes Fee on Cash Deposits

17/06/2014

The State Bank of Vietnam has proposed new rules that would allow local banks to collect fees on cash deposits, in a move to limit cash transactions.

India’s SEBI Asks Depository Participants to Share FPI Information with Banks

17/06/2014

Market regulator Securities and Exchange Board of India has asked depository participants to share information about foreign portfolio investors with banks, as part of efforts to harmonise norms focused on client information.

Securities / Derivatives

S. Korea to Keep Current Forex Policy Under New Finance Minister

17/06/2014

South Korea’s foreign exchange policy will remain unchanged under the new economic team to be led by the finance minister nominee, according to a senior government official.

Securities / Derivatives

Malaysia’s Central Bank, Competition Commission Sign Cooperation Agreement

17/06/2014

Bank Negara Malaysia and the Malaysia Competition Commission have agreed to collaborate in areas of common regulatory objectives.