Fintech / Regtech

PBOC Accepts Ant Group’s FHC Licence Application – Report

21/06/2022

Ant Group is reportedly aiming to file a preliminary IPO prospectus as early as next month, subject to regulatory feedback on its financial holding company setup.

Securities / Derivatives

Russian Exchange Starts Offering Trading in 12 Hong Kong Stocks

21/06/2022

HKEX is not involved in the initiative. The move is part of the Saint Petersburg Stock Exchange’s global issuer programme.

Singapore Proposes Regulatory Regime for Debt Collectors

21/06/2022

The proposed legislation is aimed at addressing a rise in police reports against debt collectors who “caused alarm and nuisance”, the MHA said.

Securities / Derivatives

HKEX Targets Launch of Additional A-Share Products – Report

21/06/2022

HKEX will encourage investment banks to issue structured products such as derivative warrants based on the MSCI A50 index.

Securities / Derivatives

SEBI Allows Mutual Funds to Resume Overseas Investing

21/06/2022

In February, SEBI advised mutual funds to halt further investments in foreign stocks to avoid breaching industry-wide regulatory limits.

Market Infrastructure

LCH Extends Central Clearing for SORA Derivatives to 31 Years

21/06/2022

The extension will encourage further development of the SORA derivatives market and deepen liquidity in longer tenors of SORA OIS.

Securities / Derivatives

LME to Introduce New Reporting Requirements on 18 July

20/06/2022

A lack of transparency in OTC positions was a key reason the LME struggled to manage the turbulent nickel trading earlier this year.

Enforcement

RBI Releases Mastercard from Restrictions Imposed Last Year

20/06/2022

Mastercard was barred from onboarding new domestic customers in July last year due to noncompliance with India’s data storage rules.

Capital / Liquidity

FSC Korea Unveils Plans for Loosening Household Loan Rules

20/06/2022

Most debtors will still be subject to income-based restraints. A refinancing programme will allow borrowers to convert variable-rate mortgages to long-term fixed-rate mortgages.