Securities / Derivatives

Malaysia to Allow Circuit Breaker to Revert to Original Parameters

10/05/2021

The decision reflects the improving economic outlook, the roll-out of the vaccination programme, and the normalisation of global market conditions.

Securities / Derivatives

Hong Kong Launches Grant Scheme to Lure OFCs, REITs

10/05/2021

OFCs and REITs that set up in Hong Kong can secure funding to cover 70% of eligible expenses paid to Hong Kong-based service providers.

Enforcement

MAS Issues 10-Year Ban Against Individual for Dishonest Conduct

10/05/2021

The individual carried out fund management activities without holding a capital markets services licence, and later convicted of cheating and imprisoned.

Fintech / Regtech

Australia Set to Announce A$1.2bn Digital Economy Strategy

10/05/2021

The full strategy will be released on 11 May, and include investments in artificial intelligence, cyber security, the CDR rollout, and Australia’s digital identity system.

Securities / Derivatives

China to Launch Crude Oil Options, Open to Foreign Investors

09/05/2021

Shanghai INE is seeking feedback on a new crude oil options contract that will be open to foreign investors. Trading simulations will run for two weeks.

Australia to Require Debt Management Firms to Be Licensed

09/05/2021

Firms providing debt management services need to apply to ASIC for a credit licence and become a member of AFCA by 30 June 2021.

Market Infrastructure

ARRC Identifies Indicators for Recommending SOFR-based Term Rate

09/05/2021

The ARRC has published guidance on the indicators it will use to measure the progress needed to recommend a SOFR-based term rate.

Securities / Derivatives

CSRC Consults on ‘Counselling’ Obligations of IPO Sponsors

09/05/2021

The rules impose obligations on sponsors to ensure that directors, supervisors, senior managers, and major shareholders of IPO applicants understand their listing obligations.

Capital / Liquidity

Standard-setters Examine Margin Practices of Market Participants

08/05/2021

Market participants are invited to complete a survey as part of a review of margining practices in cleared and uncleared markets.