Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Capital / Liquidity
Korea to Ease Rules on Overseas Business by Certain Securities Firms
17/04/2023
The revisions will enable overseas subsidiaries of “comprehensive financial investment service providers” to provide corporate credit in overseas markets more easily.
Securities / Derivatives
NSE India to Launch WTI Crude Oil, Natural Gas Futures
17/04/2023
NSE will launch WTI crude oil and natural gas futures contracts from 15 May. Both already trade on India’s MCX.
Securities / Derivatives
Malaysia Allows Dealer’s Representatives to Expand Services
17/04/2023
DRs can apply for additional licences to engage in investment advice, financial planning, restricted dealing in unit trust products, dealing in private retirement schemes.
Enforcement
Australia to Investigate Amex Over Data Privacy Concerns
17/04/2023
The OAIC will investigate American Express over its data handling protocols and potential national security risks.
Capital / Liquidity
Chinese D-SIBs to Start Issuing TLAC Bonds by June
17/04/2023
China’s four G-SIBs have started working on issuing their first TLAC bonds. Each bank is planning to raise at least CNY 10 billion.
Securities / Derivatives
ASX Considers Closing Settlement Service for Unlisted Funds
17/04/2023
The mFund Settlement Service caters to unlisted managed funds. ASX is considering closing the service.
Sanctions
G7 Says Switzerland Is Not Doing Enough to Combat Sanctions Evasion
17/04/2023
Switzerland, though officially neutral, has frozen Russian assets worth about a third of the EUR 21.5 billion frozen across the EU.
Securities / Derivatives
CFFEX Set to Launch 30 Year Treasury Bond Futures
16/04/2023
CFFEX already offers futures trading in 2-year, 5-year, and 10-year treasury bond futures. The 30-year contract will start trading on Friday (21 April).
Capital / Liquidity
Fed Approves UBS Acquisition of Credit Suisse US Subsidiaries
16/04/2023
UBS needs authorities in 58 countries to approve the merger, which will create a business with more than $5tr in total invested assets.
Securities / Derivatives
CSRC Consults on Rules to Enhance Independent Director System
16/04/2023
A qualification system, code of professional ethics, and information database for independent directors of listed companies will be established.
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