Market Infrastructure
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Hong Kong Extends After-hours Index Futures Trading
Editors, Regulation Asia October 23, 2017From 6 November, trading in mini and full versions of HSI and HSCEI index futures will be extended to 1am Hong Kong time.
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New Zealand Exempts Personalised Robo-advice from Licensing Regime
Editors, Regulation Asia October 19, 2017Providers still need to be pre-approved to offer financial advice; new rules formalising licensing of robo-advice per se expected in 2019.
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10,000 Individuals Register Under Hong Kong MIC Regime
Editors, Regulation Asia October 19, 2017About 40% of individuals to have registered under MIC so far are unlicensed as they are in charge of operations or control functions, SFC says.
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ASEAN Integration Framework on Course for Completion by 2020
Editors, Regulation Asia October 19, 2017Banking integration framework will allow cross-border operation by lenders from 10 Southeast Asian nations, BSP official confirms.
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HK Legco to Consider Recovery Planning, Large Exposures Bill
Editors, Regulation Asia October 19, 2017Banking Ordinance already includes resolution, but not recovery, requirements; HKMA to retain ‘general power’ on exposure limits.
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India Releases Draft Rules for Electronic Trading Platforms
Editors, Regulation Asia October 16, 2017Move comes as National Stock Exchange bids to end case of alleged unfair access via its co-location facility by offering to pay fine.
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US, Europe Agree Margin Requirement, Trading Venue ‘Comparability’
Editors, Regulation Asia October 16, 2017Swap dealers or major market participants subject to EC margin rules can assume ‘substituted compliance’ when dealing in US.
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Australian Banks Want Fintechs to Pay for ‘Open Banking’
Samuel Riding, Regulation Asia October 11, 2017Biggest lenders continue to frustrate efforts by authorities to increase competition and throw open door to banking disruptors.
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Hong Kong-China to Share Stock Connect Broker, Trader Names
Editors, Regulation Asia October 11, 2017SFC chief says move will enhance market transparency and surveillance, and improve efficiency in cracking down on malpractice.
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Singapore Enters 2nd Phase of Blockchain-based Payments Trial
Editors, Regulation Asia October 9, 2017Trial has already been completed on interbank transfers; blockchain programme will be extended to include securities sector as well as payments.
