Market Infrastructure

Securities / Derivatives

ESMA Publishes List of Derivatives Subject to MiFID II Trading Rules

By Samuel Riding | 11/01/2018

Listed securities must be traded on regulated markets or organised trading facilities; no APAC venues yet to be granted equivalency.

Market Infrastructure

Korea’s Reduction in Foreign Shareholder Capital Gains Tax Threshold Arouses Concern

By Garima Chitkara | 10/01/2018

Government to cut threshold from 25% to 5%, ASIFMA says reduction will challenge securities firms, produce no tax revenue.

AML / KYC

Banks Must Ensure Foreigners’ RMB Investment Returns Can Be ‘Freely Remitted’ – PBOC

By Samuel Riding | 08/01/2018

PBOC confirms overseas investors can use RMB funds to participate in China’s emissions trading market; send RMB profits, dividends back home.

Market Infrastructure

Indonesia to Establish Derivatives CCP

By Editors | 03/01/2018

Centralising counterparty risk at a clearinghouse will make derivative products offered by Indonesian financial institutions more competitive.

Market Infrastructure

India Overhauls Credit Rating Agency, Fund Sponsor Regulations

By Editors | 02/01/2018

Securities regulator increases net worth requirement for agencies, requires separate legal entities for ‘non-core business’.

Capital / Liquidity

HSBC, StanChart Only HK Stocks to Fall Under MiFIR

By Editors | 29/12/2017

Only two Hong Kong-listed stocks have sufficient EU volume to comply with MiFIR trading obligations.

Market Infrastructure

Taiwan Stock Exchange Launches Co-location Services

By Garima Chitkara | 29/12/2017

Exchange says move will boost trading speeds, bring Taiwan up to speed with international standards and regulations.

Capital / Liquidity

China, Japan to Cooperate on Audit Oversight, Cross-Border Bonds

By Editors | 26/12/2017

The agreement will strengthen cross-border investor protection and assist financial institutions with cross-border bond issuance.

Market Infrastructure

SEBI Seeks to Establish Clearinghouse Interoperability

By Editors | 24/12/2017

Connectivity between clearing corporations may help reduce clearing and compliance costs, boost capital allocation efficiency and enhance obligation nettings benefits.