Market Infrastructure

SEBI Proposes Market Maker Framework for Corporate Bonds

21/11/2021

To act as market makers, stockbrokers and merchant banks would need INR 100 million in additional net worth over-and-above their existing obligations.

Securities / Derivatives

SEBI Proposes to Tighten Rules on Use of IPO Proceeds

19/11/2021

SEBI is considering increasing the lock-in period for anchor investors and limiting share sales by significant shareholders for six months.

RBI Mandates Designation of Internal Ombudsman at NBFCs

19/11/2021

NBFCs with 10 or more branches and with asset size of INR 50 billion have six months to appoint an internal ombudsman in charge of grievance redressal.

Market Infrastructure

RBA to Upgrade IT Infrastructure to Improve Resilience, Lower Costs

18/11/2021

The upgrades are intended to address technical issues in the RBA’s existing infrastructure, some of which is “facing obsolescence” and requires costly maintenance.

ASIC Issues Draft Guidance on Consumer Remediation

18/11/2021

ASIC has expanded its consumer remediation guidance to cover all financial services licensees, credit licensees and retirement service providers.

Market Infrastructure

FMA Issues Guidance on Mandatory Climate Disclosure Regime

18/11/2021

In-scope climate reporting entities with a 31 March balance date will have to file their first climate statements by 31 July 2024, says the FMA’s Sarah Vrede.

Malaysia to Enact New Consumer Credit Act in 2022 – Reports

17/11/2021

The Consumer Credit Act will provide a regulatory framework for the issuance of consumer credit and strengthen oversight of non-bank credit providers.

Securities / Derivatives

Korea Completes Development of Fractional Stock Trading System

16/11/2021

20 securities firms will be able to launch fractional stock trading services using the KSD system as early as this year, depending on their readiness.

New Zealand to Issue First Sovereign Green Bonds in 2022

16/11/2021

New Zealand plans to issue sovereign green bonds next year to help raise finance for the country’s low carbon transition.