SECURITIES / DERIVATIVES

Capital / Liquidity

UK FCA Seeks to Enhance Rules for Asset Management Sector

By Mark Johnston | 23/02/2023

The FCA wants to improve liquidity risk management and stress testing practices. It is also considering whether authorised funds should be able to hold crypto.

Market Infrastructure

ASIC Directs ASX to Produce ‘Special Reports’ on CHESS System

By Sanday Chongo Kabange | 23/02/2023

The reports will help ensure ASX is adequately addressing findings from an external review, and whether any further regulatory action is warranted.

Fintech / Regtech

Deutsche Bank Develops Investment Servicing Platform for Digital Funds

By Editors | 23/02/2023

The platform will make it easier for firms to launch and administer digital investment funds, which may comprise crypto, tokenised securities and other digital assets.

Securities / Derivatives

China Encourages Establishment of Property-focused PE Funds

By Editors | 22/02/2023

The pilot programme is aimed at boosting liquidity in the property sector. The CSRC is encouraging participation from foreign investors.

Securities / Derivatives

Chinese SOEs Being Asked to Stop Using Big Four Auditors

By Editors | 22/02/2023

Chinese SOEs are being asked to allow their contracts with the big four audit firms to expire and use local accountants instead.

Market Infrastructure

14 European Exchanges Join Forces to Develop Consolidated Tape

By Editors | 22/02/2023

The participating exchange groups include Deutsche Boerse Group, Euronext, Nasdaq, and SIX Group, as well as the local exchanges in  several European cities.

ESG / Sustainability

China to Create Framework for Mandatory ESG Disclosures

By Editors | 22/02/2023

Regulators may initially introduce the new ESG disclosure requirements on a “comply or explain” basis before transitioning to a fully mandatory framework.

ESG / Sustainability

Malaysia SC Revises Guidelines for SRI Funds

By Sanday Chongo Kabange | 22/02/2023

The revised guidelines incorporate requirements for SRI funds seeking to qualify as an ASEAN Sustainable and Responsible Fund, among other changes.

Securities / Derivatives

Beijing Stock Exchange Launches Market Making Business

By Editors | 21/02/2023

13 firms will participate in market making activities for 36 stocks. Two other authorised market makers are still engaged in preparatory work.