Market Infrastructure

SSE, SZSE Notify Market of New Bond Trading Rules

05/02/2022

The rules introduce new modes of trading and greater settlement flexibility to encourage more institutional investors to participate in the exchange bond market.

Market Infrastructure

Refinitiv Revises Tokyo Swap Rate Methodology for TIBOR Swaps

05/02/2022

The fallback procedure has been updated to allow publication based on Tokyo Swap Rate (for swaps referencing TONA) plus a spread adjustment.

SEBI Introduces New Framework for Special Situation Funds

04/02/2022

Special situation funds can invest in stressed loans, security receipts issued by ARCs, or securities of distressed investee companies.

Market Infrastructure

Tokyo Seeks Status as Asian Hub for Transition Finance

04/02/2022

Establishing Tokyo as a regional transition finance hub is part of a Kishida policy goal to create an “Asian zero-emission community”.

AML / KYC

New Sanctions Imposed Against Myanmar Officials

04/02/2022

US and Singapore officials have reportedly met to discuss ways to limit Myanmar’s military from accessing financial assets overseas.

Market Infrastructure

Philippines to Enhance Supervision of Financial Conglomerates

04/02/2022

The BSP, SEC, PDIC, and Insurance Commission have agreed to establish a supervisory college for financial conglomerate supervision.

Securities / Derivatives

ASX Proposes Rule Changes to Facilitate CCIV Sub-fund Listings

04/02/2022

The changes will also facilitate the listing of foreign passport funds under the ARFP regime, and recognised managed investment schemes from New Zealand.

Fintech / Regtech

IMF Urges El Salvador to Remove Bitcoin’s Legal Tender Status

03/02/2022

The IMF said the adoption of a cryptocurrency as legal tender entails “large risks” relating to financial stability, financial integrity, and consumer protection.

Enforcement

Philippines Passes New Financial Consumer Protection Act

02/02/2022

The law empowers financial regulators to enforce standards of business conduct by financial entities and adjudicate on consumer complaints.