Structural Regulation

New Zealand Revises Financial Reporting Requirement

18/03/2014

The Financial Reporting Act, which changes financial reporting obligations for most companies, comes into effect on 1 April 2014.

Supervision & Enforcement

Reserve Bank of India, FSA of Japan Sign Pact on Banking Supervision

18/03/2014

The Reserve Bank of India has entered into an agreement with Financial Services Agency (FSA) of Japan for cooperation in the area of banking supervision.

Structural Regulation

Hong Kong Regulator Waives Annual Licensing Fee

17/03/2014

The Securities and Futures Commission (SFC) has waived the payment of annual licensing fees for market participants for another two-year period.

Structural Regulation

Hong Kong Amends Listing Rules on Company Announcement Headlines

17/03/2014

Hong Kong Exchanges and Clearing Ltd said it is amending the listing rules to introduce new categories to announcement headlines by issuers from April 1.

Conduct, Culture & Accountability

Australian Securities Regulator Releases Information Sheet on Audit Quality

17/03/2014

The Australian Securities and Investments Commission has released an information sheet that will guide directors and audit committees in enhancing audit quality.

Market Abuse

HKMA Asks Benchmark-Setting Banks to Uphold Internal Controls and Governance, Censures UBS

17/03/2014

Hong Kong Monetary Authority has censured UBS for attempting to rig Hong Kong’s interbank lending rates.

Structural Regulation

Hong Kong Exchange’s Chief Li Seeks Reform

16/03/2014

Hong Kong stock exchange chief executive Charles Li said regulators should find ways to make the city attractive for initial public offerings by new economy and technology companies.

Anti-Money Laundering

Singapore to Regulate Virtual Currency Exchanges

13/03/2014

The Monetary Authority of Singapore said it will regulate virtual currency intermediaries, to combat potential risks from money-laundering or terrorism-related financing.

Trading & Investment

China Securities Regulator Set to Allow Sale of Preferred Shares

13/03/2014

The China Securities Regulatory Commission is set to allow companies to issue preferred shares within the first half.