Licensees may not use OTC derivative client money for own obligations, working capital; new reporting requirements to increase transparency on client money use.
Banks to get a breather from taking immediate losses on rising government yields, as provisioning on NPLs have put pressure on profitability across the industry.
FT reports a revival of QDLP programme, allowing wealthier Chinese to invest in foreign-focused private equity and hedge funds.
Securities regulator, which remains independent after recent reshuffle, tightens rules on investment bank internal controls, securities and futures market participation.
Overseas-listed tech firms with market cap over 200 billion yuan can issue CDRs; unlisted firms valued over 20 billion yuan to be considered for domestic listings.
ICICI Bank sold debt securities from its held-to-maturity portfolio in excess of 5 percent of total value without the necessary disclosure in contravention with RBI rules.
New measures aimed at cheaper access to tick data and co-location, greater disclosure on algorithms and latency from exchanges, stiffer penalties for high order-to-trade ratios.
Implementation of Asia Region Funds Passport to be complemented by a new corporate structure vehicle to export to investors in Asia.
Robo-advice platforms should explain how their underlying algorithms operate, ensure regular testing to ensure they remain fit for purpose.
Paper says adopting LEIs should be mandatory for most market participants within six months of consultation conclusions being published.