Securities / Derivatives

APRA Offers Guidance on Super Fund Performance Tests

18/08/2021

APRA may combine investment performance when administering performance tests to ensure performance history does not reset as a result of certain product changes.

Securities / Derivatives

Australia Consults on New Financial Reporting Rules For Super Funds

18/08/2021

Super funds will be required to prepare and lodge financial reports for each financial year and half-year with ASIC, and make their reports publicly available.

Securities / Derivatives

China’s NAFMII Orders Bond Underwriters to End Price War

17/08/2021

Lead bond underwriters are required to report their fees to NAFMII on a quarterly and annual basis and set up internal management systems to ensure their fees reflect market rates.

Fintech / Regtech

FSC Korea to Establish Virtual Asset Division Within KoFIU

17/08/2021

The new division will oversee the adoption and implementation of the FATF recommendations on digital assets and VASPs.

Enforcement

Court Orders CBA to Publicise Overcharging Misconduct

17/08/2021

The Federal Court has ordered CBA to publish notices on its website and its newsroom platform under the heading “Notification of Misconduct by CBA”.

Market Infrastructure

Green Refinancing Scheme to Expedite Emissions Reductions: PBOC

17/08/2021

Specialist green refinancing loans will use preferential interest rates to target support for green development and expedite emissions reductions.

Australia: Industry Bodies Oppose CSLR Draft Legislation

17/08/2021

Eight associations say the design of the Compensation Scheme of Last Resort adds unnecessary red tape and significantly increases costs to the financial advice sector.

Securities / Derivatives

SEBI Creates Panel to Explore Move to T+1 Settlement – Report

16/08/2021

A reduction to T+1 is expected to increase market liquidity and trading turnover, while also reducing settlement risk and broker defaults.

Securities / Derivatives

AMAC Halts Approvals of New Real Estate Funds

16/08/2021

Private equity funds were among the last of the stable funding channels available to Chinese property developers amid recent regulatory pressure.