The rules increase emphasis on ethical conduct and governance, loosen licensing restrictions, and allow public fund managers to outsource operations.
The rules taking effect on 20 June will enable DvP settlement for institutional investors and reduce the reserves settlement participants have to hold.
The measures include support for IPO applicants, listing fee waivers, and regulatory support for securities firms.
The stock exchanges have already been allowing the issuance of 'innovation bonds' on a pilot basis. The initiative has now been formally launched.
The rules clarify requirements for regulatory statistics work to be centrally managed within FIs and for data quality to be improved.
The move is aimed at enhancing liquidity in bond ETF secondary markets by promoting greater participation by institutional investors.
The proposed rules prohibit misleading sales, compulsory product bundling, unreasonable charges, and "algorithmic discrimination".
The rules will address differences in how banks have implemented the ECL method, and prevent its use as a "tool" to adjust profits.
The campaign aims to resolve arrear payments due to SMEs for projects, goods and services purchased by government agencies, state-owned institutions and large enterprises.
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