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Fintech / Regtech
NZX to Create Industry Working Group on Capital Markets Technology
By Editors | 30/11/2020
The working group will develop a roadmap to solve for New Zealand’s lack of scale and geographic isolation through the use of technology.
Securities / Derivatives
HKEX Proposes to Raise Profit Requirement for New IPOs
By Manesh Samtani | 30/11/2020
One option HKEX proposes is to raise the profit requirement for companies seeking to list in Hong Kong threefold, reflecting the growth of the Hang Seng Index since 1994.
Securities / Derivatives
SFC Finalises Changes to Grant Greater Flexibility to REIT Managers
By Editors | 29/11/2020
REITs will be allowed to invest in minority-owned properties and property development projects, and borrowing limits will be increased.
Market Infrastructure
HKEX Announces Stock Connect Expansion Arrangements
By Manesh Samtani | 29/11/2020
Pre-revenue biotech companies listed on Hong Kong’s Main Board will be included from 27 December. SSE STAR Market stocks will be included in early 2021.
Enforcement
US OCC Fines JPMorgan for Weak Controls Over Fiduciary Activities
By Editors | 29/11/2020
The deficiencies identified by the OCC constituted unsafe or unsound practices that were part of “a pattern of misconduct”, says the consent order.
Securities / Derivatives
TFEX Announces Launch of Japanese Rubber Futures Contract
By Editors | 29/11/2020
The cash-settled rubber futures contract will use the Osaka Exchange’s RSS3 futures delivery prices as settlement prices on the Thailand Futures Exchange.
Market Infrastructure
Indonesia Prepares to Launch Sovereign Wealth Fund
By Manesh Samtani | 29/11/2020
Indonesia will need to pay particular attention to the governance of the new fund, as Malaysia’s 1MDB scandal still looms large in the minds of global investors.
Market Infrastructure
DSB Calls for Asian Members to Join Product Committee
By Editors | 29/11/2020
The DSB seeks to expand its Product Committee membership to include more OTC derivatives users from Asia to further broaden industry collaboration geographically.
Market Infrastructure
CFTC Adopts Rule Changes to Facilitate Foreign Swaps Clearing
By Editors | 29/11/2020
The CFTC has extended no-action relief for non-US swap dealers from reporting requirements, and finalised rules for exempting non-US clearinghouses from registration requirements.
AML / KYC
FTSE Russell, MSCI Consult on Impact of China Sanctions
By Manesh Samtani | 26/11/2020
FTSE Russell is seeking views on the impact of the sanctions on its indexes. MSCI is asking about the impacts on investment processes.
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