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Market Infrastructure
JP Morgan Secures Business Licence for China Joint Venture
By Editors | 19/12/2019
The CSRC gave JP Morgan approval to set up majority-owned securities joint venture in China since March, but it has not been granted a licence to operate until now.
Enforcement
China, US in Talks on Allowing Joint Inspections of Auditors
By Editors | 19/12/2019
The CSRC has reportedly been in talks with the US audit regulator on allowing joint inspections of firms that audit Chinese companies listed in the US.
Securities / Derivatives
HKEX to Include Climate Risk Disclosures in ESG Framework
By Manesh Samtani | 19/12/2019
Listed companies will have to disclose climate-related issues on a ‘comply or explain’ basis, HKEX said in its conclusions from a May consultation to update its ESG reporting framework
Securities / Derivatives
SFC Concludes Consultation on OTC Derivatives Margin Requirements
By Manesh Samtani | 19/12/2019
IM requirements will be phased in for firms with AANA exceeding HK$375bn starting from 1 September 2020, the same date VM requirements take effect.
Securities / Derivatives
China’s Bond Defaults: Is It Time to Be Worried?
By CorporateTreasurer | 19/12/2019
Tewoo’s debt restructuring breaks the market’s assumption that offshore creditors will get full repayment in debt workouts. Investors in China’s SOEs need to brace for more defaults.
Securities / Derivatives
IOSCO Offers Guidance on Reducing Conflicts in Debt Capital Raising
By Editors | 18/12/2019
The guidance includes proposed regulatory measures to address potential conflicts of interest and associated conduct risks that could arise in the debt capital raising process.
Securities / Derivatives
SEBI Restricts FPI Service Provisioning by Local Asset Managers
By Editors | 18/12/2019
Asset management companies can provide management and advisory services to “appropriately regulated entities” such as pension funds, insurance companies, banks and mutual funds.
Securities / Derivatives
NZ FMA Identifies Weaknesses in Fund Custody Arrangements
By Editors | 17/12/2019
An FMA review found that custody administration tasks are often being delegated back to fund managers, which weakens the separation of functions and duties.
Securities / Derivatives
CFETS Rolls Out Foreign Currency Pledged Repo Business
By Editors | 17/12/2019
The move is aimed at reducing the costs of foreign currency financing and diversifying foreign currency financing instruments.
Securities / Derivatives
SFC to Allow Hong Kong ETFs to Invest in Overseas Master ETFs
By Editors | 17/12/2019
The SFC will authorise index tracking feeder ETFs that want to invest in an overseas-listed, non-SFC authorised master ETF on a case-by-case basis.
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