Securities / Derivatives

Securities / Derivatives

UPDATED – Japan Cabinet Approves Tougher Foreign Investment Rules

By Editors | 21/10/2019

Japan’s proposal to lower the notification threshold for foreign investors has passed the cabinet and could become law by early April, with exemptions for foreign FIs.

Enforcement

Former Supervisor at ICBC Unit Settles with US SEC

By Editors | 18/10/2019

The former supervisor of ICBC’s US broker-dealer unit has agreed to settle charges for failures involving the improper handling of transactions of ADRs.

Securities / Derivatives

China Bond Market Access Schemes to Become Interoperable

By Editors | 18/10/2019

Foreign institutional investors can transfer bond holdings and funds between their QFII/RQFII and direct investment schemes starting from 15 November.

Securities / Derivatives

Japan to Exempt Hedge Funds from Stricter Foreign Investment Rules

By Editors | 18/10/2019

The government reportedly intends to exempt ‘portfolio investors’ from having to seek prior approval under the proposed 1% notification threshold.

Capital / Liquidity

BSP Reduces Reserve Requirement for Bank Bonds

By Editors | 18/10/2019

The move to lower is aimed at deepening the debt market and reducing the intermediation cost that bond issuers could pass on to bond holders.

Market Infrastructure

Singapore Banks Gain Access to China Interbank Bond Market

By Editors | 17/10/2019

The PBOC will allow designated Singapore banks to offer trading and custody services for China’s bond market, starting with DBS.

Market Infrastructure

Macau Submits Securities Market Proposal to Chinese Authorities

By Editors | 17/10/2019

A senior Guangdong official who reportedly helped Macau authorities prepare the proposal said he hopes the central government will approve the plan by mid-December.

Capital / Liquidity

PBOC Clarifies Definition of ‘Non-standard’ Credit Assets

By Editors | 17/10/2019

The clarification is important for new rules that will impose a cap on investments in non-standard credit assets by banks’ wealth management products.

Market Infrastructure

FSB Reports on OTC Derivatives Reform Progress

By Editors | 16/10/2019

Comprehensive trade reporting requirements are in force in 23 of 24 FSB member jurisdictions, and authorities are increasingly making use of trade repository data.