Market Infrastructure

Japan to Start Publishing TORF Production Rates from 26 April

07/04/2021

QUICK Benchmarks, formed in January 2021, has been publishing TORF prototype rates weekly since May 2020 and daily since October 2020.

Enforcement

SFC Adds ‘Ramp-and-Dump’ Syndicate Member to Wanted List

07/04/2021

An arrest warrant was issued for Zeng Lingxi, an alleged member of a syndicate suspected of operating ramp-and-dump scams on social media.

Capital / Liquidity

PBOC, CBIRC Issue Draft Rules on D-SIB Capital, Supervision

07/04/2021

Banks designated as D-SIBs will be subject to a capital surcharge of between 0.25 and 1.5 percent, on top of the mandatory capital adequacy ratios.

Securities / Derivatives

Korea Set to Introduce Tougher Penalties for Illegal Short Selling

06/04/2021

Illegal short sellers can face fines of up to 100% of the amount of the short selling order, imprisonment for a year or more, and additional penalties up to five times unfair profits.

Enforcement

ASIC Launches Legal Action Against CBA for Overcharging Customers

06/04/2021

ASIC says CBA incorrectly charged monthly access fees to customers who were entitled to fee waivers between June 2010 and September 2019.

Securities / Derivatives

FCA to Consult on Stronger Protections for SPAC Investors

06/04/2021

The consultation will consider enhanced disclosure requirements, a minimum market cap and a redemption option for investors.

Securities / Derivatives

PBOC Optimises Interbank Bond Market Circulation Mechanism

06/04/2021

Bond registration, depository and clearing institutions will establish direct connections with the interbank bond market to enable electronic transmission of information.

Korea Lowers Max Lending Rate, Introduces New Rules for Lenders

06/04/2021

The FSC will introduce new monetary sanctions and strengthen supervision on loan agreements to prevent predatory lending.

Capital / Liquidity

Korea Finalises Supervisory Framework for Financial Conglomerates

05/04/2021

Effective from 30 June, the framework for the supervision of non-holding financial groups will help enhance the management of group-wide risks.