Market Infrastructure

Hainan Opens Market Access with Shorter Negative List

28/07/2021

Foreign businesses and individuals are required comply with just 70 special management measures in 11 industries.

Securities / Derivatives

CSRC Approves China Telecom Shanghai IPO Following US Ban

28/07/2021

China’s flow of IPOs to the US is expected to ease, with companies instead choosing to list in Shanghai, Shenzhen, or Hong Kong.

Enforcement

NZ FMA Censures FoxPlan Over Unpermitted Financial Advice

28/07/2021

FoxPlan representatives misrepresented to clients that they were an authorised financial advisers or financial planners when they were not.

Fintech / Regtech

Beijing Financial Court Launches Fintech Legal Research Centre

28/07/2021

The Beijing Fintech Legal Research Centre will research fintech compliance standards, explore regulatory models, and drive fintech legal advances.

Enforcement

ASIC Appeals Dismissal of Cigno, BHF Solutions Case

28/07/2021

ASIC’s appeal seeks judicial clarification on the operation of key obligations under the National Credit Act and National Credit Code.

Capital / Liquidity

Sri Lanka Central Bank Directs Banks to Defer Dividends

28/07/2021

The CBSL issued the directives after considering the possible adverse impact on liquidity and other KPIs of banks due to Covid-19.

Fintech / Regtech

Eftpos Explores Better Access to Electronic Payments by Fintechs

28/07/2021

A new committee has been formed with FinTech Australia to facilitate discussion on enhancing fintech firms’ access to the eftpos network.

Crypto / Digital Assets

Singapore’s CTX to Debut Cross-border Trading of China Carbon Credits

27/07/2021

Cyberdyne Tech Exchange said its carbon neutrality tokens, or CNTs, would pave the way for carbon credits to be transferred across international borders.

Market Infrastructure

RBNZ, FMA Consult on Implementation of FMI Act

27/07/2021

The consultation seeks views on how financial market infrastructures will be identified as systemically important and the proposed approach to developing standards.