Market Infrastructure

Securities / Derivatives

NZX Has Enhanced its Surveillance Function, says FMA

By Editors | 30/06/2019

The NZX improved its market surveillance function in response to last year’s FMA review. It is also planning to complete a trading system upgrade next year, using NASDAQ technology.

Capital / Liquidity

National Auditor Finds Lending Violations at Chinese Banks

By Editors | 28/06/2019

Lenders were found to be favouring borrowers with deposits at their banks, linking loans to the sale of other products, and illegally charging financing fees.

Market Infrastructure

JBA Responds to Hong Kong OTC Derivatives Consultation

By Editors | 28/06/2019

The Japanese Bankers Association asks the HKMA and SFC to develop rules that automatically assign the UTI generation responsibility, rather than rely on bilateral agreement between counterparties.

Market Infrastructure

S. Korea to Ease Rules for Brokerage, Asset Management Sectors

By Editors | 28/06/2019

The FSC is trying to spur competition in the capital market, and encourage the establishment of new brokerages. Only six new brokerages have been set up in Korea since 2010.

Market Infrastructure

China-Japan Cross-Border ETFs Start Trading

By Editors | 28/06/2019

Eight new cross-border ETFs have started trading on the Shanghai and Tokyo stock exchanges, just days after FTSE Russell started including China A shares in its indexes.

Market Infrastructure

RBI Issues Guidelines for Financial Benchmark Administrators

By Editors | 27/06/2019

Existing financial benchmark administrators will be notified if their benchmark is considered a “significant benchmark”. They will then have three months to apply for RBI authorisation.

Enforcement

RBNZ to Intensify Supervision of Financial Institutions

By Editors | 27/06/2019

The RBNZ is reviewing its regulatory requirements and intensifying its supervision of financial institutions to boost the resilience of New Zealand’s financial system.

Market Infrastructure

CFTC Clarifies How Foreign Broker Exemptive Relief Can Be Terminated

By Editors | 27/06/2019

The CFTC has the right to terminate the exemptive relief granted to foreign brokers, but current regulations do not provide a specific course of action if exemptive relief no longer warranted.

Enforcement

ASIC Consults on Use of New Product Intervention Power

By Editors | 27/06/2019

The draft regulatory guide sets out the scope of ASIC’s new powers, when and how it expects to use the power, and how a product intervention order is made.