MARKET INFRASTRUCTURE

Capital / Liquidity

RBNZ Confirms Plans to Open ESAS to Nonbanks

By Sanday Chongo Kabange | 31/03/2025

The Exchange Settlement Account System will first open to licensed non-bank deposit takers in NZ, then to other entities that meet the access criteria.

Enforcement

RBA, ASIC Take “Unprecedented” Action over ASX CHESS Outage

By Sanday Chongo Kabange | 31/03/2025

ASX is ordered to engage an independent expert to undertake a technical review of its core technology infrastructure.

Market Infrastructure

New Zealand’s CoFI Regime Enters Into Force

By Sanday Chongo Kabange | 31/03/2025

The CoFI regime requires banks, insurers, and non-bank deposit takers to establish, implement, and maintain effective fair conduct programmes.

Securities / Derivatives

SFC Consults on Proposals to Streamline Regulatory Processes

By Sanday Chongo Kabange | 31/03/2025

For post-IPO matters, the SFC proposes a less disruptive alternative to suspension. For trading suspensions, applications for resumption will be processed more quickly

Capital / Liquidity

MAS Confirms Plans to Revise Rules for Exchanges and Clearing Houses

By Nithya Subramanian | 29/03/2025

MAS will tighten solvency requirements for capital market FMIs and require them to hold sufficient cash for recovery or orderly wind-down.

Market Infrastructure

Hong Kong to Expand Concessions for Family Offices

By Manesh Samtani | 29/03/2025

Hong Kong officials Paul Chan and Christopher Hui said there would be new initiatives this year for funds, family offices and private equity firms.

Market Infrastructure

HKMA Sets Testing Deadline for New Derivatives Reporting Regime

By Manesh Samtani | 29/03/2025

Regulated entities subject to the new OTC derivatives reporting regime must complete the simulation test and submit a readiness declaration form by 12 September.

AML / KYC

FSB Launches Forum on Cross-Border Payments Data

By Mark Johnston | 28/03/2025

The initiative aims to enhance cross-border payments by improving dialogue and strengthening cooperation on data-related issues.

Fintech / Regtech

HKMA Preparing to Further Enhance Wealth Connect Scheme

By Manesh Samtani | 28/03/2025

The enhancement would aim to refine quota eligibility, further expand the suite of eligible products, improve the selling process, and investors more Mainlanders to participate.