MARKET INFRASTRUCTURE

Market Infrastructure

Chinese Regulators to Combine QFII, RQFII from 1 November

By Editors | 27/09/2020

The move to combine the QFII and RQFII into a single ‘qualified foreign investor’ regime is aimed at further easing foreign access to China’s capital markets.

Market Infrastructure

FTSE Russell to Include Chinese Govt Bonds in Global Index

By Editors | 27/09/2020

FTSE Russell cites significant market infrastructure improvements to expand access to international investors, improve liquidity, and develop settlement and custody processes.

Market Infrastructure

Australia Prepares to Abolish Responsible Lending Obligations

By Manesh Samtani | 27/09/2020

Lenders will no longer have to assess borrowers’ earnings and expenses to determine whether they can afford to repay their debt without hardship.

Crypto / Digital Assets

EU Unveils Digital Finance Strategy, Crypto-asset Framework

By Manesh Samtani | 27/09/2020

The package consists of a digital finance strategy, a retail payments strategy, and legislative proposals for regulating the crypto-asset sector.

Securities / Derivatives

EU Sets Out Action Plan to Achieve Capital Markets Union

By Editors | 27/09/2020

The Action Plan seeks to make financing more accessible to European companies and integrate national capital markets into a genuine single market.

Market Infrastructure

FSB Confirms Governance Body for OTC Derivatives Identifiers

By Editors | 27/09/2020

The Regulatory Oversight Committee of the Global LEI System will be the International Governance Body for the UTI, UPI and CDE as of 1 October.

ESG / Sustainability

Taiwan FSC Outlines Plans for Capital Market Development

By Sanday Chongo Kabange | 26/09/2020

A 3-year roadmap to be unveiled by year-end includes plans to set up central clearing for OTC derivatives, and improve convenience and efficiency for foreign investors.

Market Infrastructure

ASX Responds on Tranche 2 Rule Changes for CHESS Replacement

By Editors | 26/09/2020

The consultation on the 2nd tranche of rule changes covered operating rules relating to corporate actions, mFund and RTGS payment aspects for the new system.

Market Infrastructure

European Commission Grants 18 Months Equivalence to UK CCPs

By Editors | 25/09/2020

The European Commission says the decision will give financial market participants time to reduce their “excessive” exposures to UK-based CCPs.