Market Infrastructure

CSRC Mulls Measures to Increase Stock Trading by Foreign Firms

18/10/2022

The CSRC is considering relaxing a rule that currently prevents foreign institutions from engaging in short-term trading activity in onshore markets.

Capital / Liquidity

RBI Tightens Rules on Disclosing NPA, Provisioning Divergences

18/10/2022

Norms that apply to commercial banks on disclosing NPA and provisioning divergences are being tightened, and extended to UCBs.

Crypto / Digital Assets

Malaysia is Liberalising Funds Industry, Says SC Chairman

18/10/2022

The SC is allowing retail funds to have exposure to digital assets and other alternative assets. Similar plans are intended for wholesale funds.

AML / KYC

HK Regulator Urges Insurers to Cooperate with ICAC Investigations

18/10/2022

The Insurance Authority asks insurance CEOs to promptly respond to requests to produce evidence for corruption investigations.

AML / KYC

IMF Publishes Guide to Beneficial Ownership Transparency

18/10/2022

Despite guidance issued by the FATF over the years, effective implementation of beneficial ownership requirements is still a challenge for many countries, says the IMF’s Bo Li.

Securities / Derivatives

CSRC Proposes to Relax Restrictions on Share Buybacks

18/10/2022

The rule changes relax some restrictions on share buybacks, enabling listed companies to better support their stock prices.

ESG / Sustainability

SEBI Sets Out Governance Requirements for Social Stock Exchanges

18/10/2022

A seven-member governing council must be constituted before SEBI will grant final approval for the launch of a social stock exchange.

China Directs CPAs to Target Financial Fraud in Audits

18/10/2022

CPAs and accounting firms are directed to identify and fix weak links in their audit processes, and improve their ability to deal with financial fraud.

RBNZ Concludes First Consultation on Monetary Policy Remit

18/10/2022

Many respondents felt climate change should not be included in monetary policy decision-making, and that the RBNZ should increase its emphasis on price stability.