Securities / Derivatives

S. Korea Announces Measures to Prevent Stock Trade Errors

29/05/2018

Measures to prevent repeat of Samsung Securities dividend payout error include new real-time monitoring system, tighter controls at securities firms, tougher penalties.

Capital / Liquidity

China Allows Non-banks to Sell Bad Debt Overseas

29/05/2018

SAFE also simplified the process for transferring NPLs to foreign investors for non-banks; previously only banks were allowed to sell bad debt to foreign investors.

Enforcement

Australia Introduces Final Phase of ASIC Industry Funding Legislation

28/05/2018

Final phase involves fees ASIC charges for specific activities such as licence or registration applications; industry funding model to commence 1 July 2018.

AML / KYC

India’s Supreme Court to Hear All Crypto Related Cases

25/05/2018

Several petitions received by courts challenging constitutional validity of RBI order barring banks from crypto dealings; next Supreme Court hearing scheduled for 20 July.

Securities / Derivatives

Cambodia Establishes Regulatory Framework for Collective Investment

24/05/2018

Securities regulator approves directive establishing conditions and procedures to follow for licensing and the legal obligations for collective investment schemes.

Capital / Liquidity

S. Korea Allows Wider Range of Assets as Loan Collateral

24/05/2018

Loan collateral can include movable assets such as intellectual property, claims on future sales, half-finished goods, machinery, inventory, raw materials and electronic appliances.

Market Infrastructure

Malaysia Implements Segregated Accounts for Bond Investors

23/05/2018

BNM has operationalised segregated securities accounts for resident and non-resident investors in RENTAS debt securities using LEIs to identify transacting parties.

Big Picture

Talking Crypto Regulation with Ripple’s Sagar Sarbhai

22/05/2018

Regulation Asia sat down with Sagar Sarbhai, Head of Government and Regulatory Relations for APAC and the Middle East at Ripple, to discuss the company’s business proposition and the regulatory challenges it faces across the region.

Securities / Derivatives

London Exchange Releases Shanghai Trading Link Blueprint

21/05/2018

London-Shanghai Stock Connect to start later this year; SSE companies worth over CNY20bn will be allowed to list up to 15% of total share capital in the UK.