Structural Regulation

Hong Kong’s HKEx Sponsor Regime Curbs Vetting for Listing Application

15/05/2014

Hong Kong Exchanges and Clearing’s new sponsor regime for listing applicants has been working well, curbing vetting time for applicants and improving quality of applications.

Market Risk

Taiwan’s Regulator Plans Supervisory Mechanism Restricting TRF Sales Volume

15/05/2014

Taiwan’s Financial Supervisory Commission chairman William Tseng said the country’s companies have a total of US$4.97 billion in exposure to renminbi-linked target redemption forward (TRF) financial derivative products with unrealized losses valued at US$2 billion.

Trading & Investment

ASIFMA Issues White Paper on Internationalisation of Renminbi

13/05/2014

ASIFMA, together with Standard Chartered and Thomson Reuters, launched a white paper that calls for the opening up of China’s capital markets and the internationalisation of the renminbi (RMB).

Cybersecurity

Bank Indonesia, OJK to Coordinate on Boosting Banking System

12/05/2014

The Financial Services Authority (OJK) says it will coordinate closely with Bank Indonesia (BI) to improve the banking system in the country.

KYC & CDD

Hong Kong, US Conclude Talks on Tax Agreement

12/05/2014

Hong Kong and the United States have concluded discussions on an inter-governmental agreement that will facilitate Hong Kong financial institutions’ compliance with the US Foreign Account Tax Compliance Act.

Clearing & Post-Trade

Hong Kong’s HKEx Gets Approval for US OTC Clearing

12/05/2014

Hong Kong Exchanges and Clearing (HKEx) has received approval from the US Commodity Futures Trading Commission (CFTC) to clear over-the-counter derivatives for US clients.

Structural Regulation

China Issues New IPO Rules, Listing Resumption Likely

12/05/2014

China issued new, detailed rules governing initial public offerings, in a move that may pave the way for new listings on mainland markets soon.

Anti-Money Laundering

India’s SEBI, Financial Intelligence Sign Memorandum on Anti-Money Laundering

12/05/2014

India’s market regulator and the country’s Financial Intelligence Unit have agreed to work together on combating money laundering and terrorism finance.

Trading & Investment

Hong Kong Regulator Outlines Crowd-funding Risks, Regulatory Issues

08/05/2014

Crowd-funding that allows people to raise money for loans, causes, or projects through the web pose potential regulatory compliance issues and other investment risks.