MARKET INFRASTRUCTURE

Market Infrastructure

Indian Exchanges Seek CFTC Approval for GIFT City Derivatives

By Garima Chitkara | 04/05/2018

NSE and BSE are looking to sell derivatives traded at GIFT City exchanges to American investors; aimed at countering competition with SGX, which is launching its own Indian equity derivatives offering in June.

Market Infrastructure

S.Korea Revamps Approval Process for Aspiring Financial Firms

By JP Reimann | 03/05/2018

FSC to dedicate committee of experts to assessing banking, insurance, securities licenses; aimed at boosting transparency, efficiency, lowering entry barriers.

Securities / Derivatives

China Allows Foreign Ownership Majority at Securities Firms

By Manesh Samtani | 02/05/2018

Ceiling on foreign ownership raised from 49% to 51%, effective immediately; CSRC reviewing first application from UBS to boost stake in China-based UBS Securities.

Market Infrastructure

Singapore to Mandate Central Clearing of OTC Derivatives

By Editors | 02/05/2018

Mandatory clearing to apply to SGD and USD fixed-floating interest rate swaps; applicable to banks with OTC derivatives exceeding SGD20 bn.

Securities / Derivatives

PBOC Announces Stricter Asset Management Rules

By Editors | 02/05/2018

New rules include leverage limits, a ban on implicit guarantees, risk reserve provisioning amounting to 10% of management fees; transition period for full compliance to last until end-2020.

AML / KYC

Regulation in the Age of Cryptocurrencies

By Will Hallatt | 02/05/2018

Blockchain technology is ushering in a new epoch of monetary oversight, creating opportunities and challenges for regulators in a world disrupted by the advent of cryptocurrencies.

Market Infrastructure

SEBI Extends Deadline for Monitoring Foreign Investment Limits

By Editors | 02/05/2018

Extension to give listed companies more time to provide data to depositories on foreign investment; data to enable daily calculation of foreign investment in listed companies.

Crypto / Digital Assets

ASX to Replace Post Trade Infrastructure with DLT Solution

By Manesh Samtani | 01/05/2018

New DLT system to provide more efficient clearing, settlement and other post-trade services through improved record keeping, reduced reconciliation, more timely transactions, better quality data.

Market Infrastructure

Japanese Banks Respond to HK OTC Derivatives Consultation

By Garima Chitkara | 30/04/2018

Japanese banking association asks for 6-12 months grace for implementing LEI requirements; urges for increased incentives to encourage smaller firms to obtain LEIs.