Market Infrastructure

Market Infrastructure

ASIC Finalises Changes to OTC Derivatives Reporting Rules

By Manesh Samtani | 22/12/2022

ASIC has consolidated a proposed two-stage process for updating the rules into a single update commencing 21 October 2024.

Market Infrastructure

CSRC Sets 26 December Launch Date for DvP Reforms

By Editors | 20/12/2022

From 26 December, DvP settlement will be enabled for proprietary and custody business involving institutional investors.

Crypto / Digital Assets

Indonesian Lawmakers Pass Major Financial Sector Reforms

By Editors | 20/12/2022

The legislation changes the central bank’s mandate, shifts crypto sector oversight to OJK, makes a digital rupiah legal tender, and introduces a carbon trading framework.

Market Infrastructure

Shenzhen Exchange to Pilot Cross-Border Bonds to Serve GBA

By Editors | 20/12/2022

Issuers can be Chinese government entities or high-quality corporates. The SZSE is temporarily not charging any fees for cross-border bond listing services.

Market Infrastructure

SFC, CSRC Announce Move to Expand Scope of Stock Connect

By Editors | 19/12/2022

After the expansion, Stock Connect is expected to include stocks that account for more than 80 percent of equity trading in each market.

Market Infrastructure

EU Council Agrees to Implement Global Minimum Tax

By Editors | 19/12/2022

The 15% corporate minimum tax rate is expected to be transposed into EU wide rules by end-2023 and prompt other countries to speed up efforts to implement the measure.

Market Infrastructure

FSB Offers LIBOR Transition Update, Warns of ‘Residual Risks’

By Manesh Samtani | 19/12/2022

Regulators continue to express concerns that the use of Term SOFR and credit sensitive rates could draw away liquidity from the overnight SOFR derivatives markets.

ESG / Sustainability

Japan Finalises Code of Conduct for ESG Data Providers

By Manesh Samtani | 19/12/2022

The FSA is now calling on ESG evaluation and data providers to endorse the code of conduct, publish it on their websites, and notify the regulator.

Securities / Derivatives

HKEX Proposes to Further Expand Paperless Listing Regime

By Editors | 19/12/2022

Paperless initiatives announced since 2020 have improved efficiency and lowered costs for issuers, HKEX says, proposing changes to further simplify its administrative procedures.