PEPs & Sanctions

Adoption of Anti-Sanctions Law in Hong Kong Deferred – Reports

25/08/2021

Hong Kong’s delegate to the NPC Standing Committee Tam Yiu-chung says the vote was delayed pending further study.

Structural Regulation

China Suspends Over 40 IPOs Amid CSRC Regulatory Probe

25/08/2021

The CSRC is investigating a broker, a law firm, an asset appraisal firm, and accounting firm over their alleged involvement in share sales.

CBDCs

BOT Confirms Plans to Pilot Retail CBDC in Q2 2022

24/08/2021

The CBDC will be cash-like and non-interest-bearing, to ensure that it does not compete with deposits or cause runs on financial institutions.

Market Data & Technology

HKEX Offers Electronic Dissemination of Corporate Actions Data

24/08/2021

Market participants will be able to receive information on corporate actions in the form of ISO messages via SWIFT from 27 September.

Trading & Investment

ASX November Outage Caused By Hasty Trading System Launch

23/08/2021

An independent review commissioned by ASIC and RBA found that ASX’s upgraded equity trading system was not ready to go-live.

CBDCs

China: More Smaller Lenders Set to Join Digital Yuan Pilot

22/08/2021

City Commercial Banks Clearing Company and the Rural Credit Bank Funds Clearing Centre have launched “one point integration” digital yuan systems.

Credit Risk

APRA Issues Final Guidance on Credit Risk Management

21/08/2021

The guidance APG 220 is published in advance of finalising the standard APS 220, which is contingent on potential changes to consumer credit laws.

Conduct, Culture & Accountability

AMAC Issues Conduct Guidelines for Managers of Retail Funds

20/08/2021

Directors, supervisors and senior managers should “lead by example” and consciously advocate the implementation of a healthy industry culture.

Structural Regulation

China Drafts Rules Banning Unfair Competition by Tech Firms

20/08/2021

The proposed rules prohibit Internet platforms from facilitating unfair competition on the Internet or disrupting free market competition.