Market Infrastructure

Japan FSA to Ease Administrative Procedures for Foreign Entrants

30/08/2020

The FSA will soon release financial administration guidelines setting out measures that may make it easier for foreign firms to set up in Japan.

Fintech / Regtech

FSC Taiwan Unveils Three-year Fintech Development Roadmap

30/08/2020

The roadmap includes a new fintech examination and licensing system, to be introduced by 2022, and consent-based data sharing as part of an open banking push.

Securities / Derivatives

Shenzhen Bourse to Allow Dual Class Share Structures

30/08/2020

Lawmakers passed a rule allowing companies with dual class share structures to incorporate and list on the Shenzhen Stock Exchange, part of broader reforms to improve the market’s appeal.

Crypto / Digital Assets

Brokers Push Back Against ASIC Proposal to Limit CFD Leverage

30/08/2020

Foreign exchange brokers expressed concerns that the proposals are overly stringent, infringe on investor freedoms, and may result in regulatory arbitrage.

Securities / Derivatives

ASIC Grants Regulatory Relief for Companies Planning IPOs

28/08/2020

ASIC is granting relief for voluntary escrow arrangements and pre-prospectus communications to security holders and employees to reduce IPO red tape.

Enforcement

APRA Imposes Licence Conditions on NAB Unit NULIS Nominees

28/08/2020

NULIS Nominees is required to improve its governance and control environment, and ensure members’ best interests are prioritised in its decision-making.

Securities / Derivatives

CSOP Launches First ETF Tracking New Hang Seng TECH Index

27/08/2020

Several other asset managers have submitted applications to regulators seeking to issue similar ETFs based on the new index, which tracks Hong Kong’s 30 largest tech listings.

Securities / Derivatives

Taiwan CSD Launches Consolidated Access to ESG Ratings

27/08/2020

FTSE Russell, ISS ESG, MSCI and Sustainalytics have collaborated with TDCC to launch a new ESG Dashboard that provides consolidated access to ESG ratings.

Securities / Derivatives

CSRC Publishes Classification Results for Securities Firms

27/08/2020

The classification reflects securities firms’ governance structures, risk management capabilities, continuous compliance status, and business development status.