New Zealand Ends Loan Repayment Deferral Scheme

05/04/2021

Banks are continuing to work with borrowers who still need help to get back on track, says NZBA chief executive Roger Beaumont.

Market Infrastructure

FCA, BOE Urge Switch to SONIA in GBP Non-linear Derivatives

05/04/2021

The FCA and BOE have asked liquidity providers and interdealer brokers to adopt SONIA in quoting conventions for GBP non-linear derivatives from 11 May.

Enforcement

ASIC Bans Sale of Binary Options to Retail Clients

05/04/2021

The binary options ban will take effect from 3 May. A separate order imposing conditions on the issue and distribution of CFDs to retail clients has taken effect on 29 March.

Capital / Liquidity

No Material Negative Side Effects to TBTF Reforms: FSB

03/04/2021

Indicators of systemic risk and moral hazard moved in the right direction, suggesting that market participants view these reforms as credible, the FSB says.

AML / KYC

China Issues Draft Rules on Beneficial Ownership Identification

03/04/2021

FIs will be required to verify the identities of all ultimate beneficial owners of accounts opened and maintained for all customers.

Big Picture

ISDA, CCDC Outline Barriers to Using RMB Bonds as IM Collateral

03/04/2021

China has to address questions around close-out netting enforceability, which restrict the use of Chinese government bonds as IM in global derivatives markets.

Securities / Derivatives

PSE Proposes to Exempt AIFs from Lock-up Rules

02/04/2021

Currently, alternative investment funds that acquired shares 180 days before an IPO are subject to a 365-day lock-up period.

ESG / Sustainability

SEBI Approves Listing Rule Changes, New ESG Reporting Requirements

02/04/2021

The new reporting requirements set the stage for taking a leap for better disclosures in the ESG space in India, SEBI said.

Securities / Derivatives

CSRC to Explore Creation of Domestic Exchange for Overseas Firms

02/04/2021

Talks for the new exchange are reportedly in early stages. A time frame and location have not yet been decided.