Securities & Trading

The platform will help to promote more efficient liquidity movements among conventional banks and NBFIs, said a Bangladesh Bank official.

Listed issuers allowed an automatic 1-month extension to prepare financial statements. Those impacted by Covid-19 are granted more time to regularise operations.

The SEC proposes new rules on the reporting of suspected fraud identified in audits, and to lower entry requirements for auditors in the capital markets.

AD Cat-I Banks may post and collect margin in India for a permitted derivative contract entered into with a person resident outside India.

Under the guidelines, retail users will be allowed to buy permitted credit derivatives for hedging purposes, whereas non-retail can do so for any purpose.

The new system will reduce the time it takes for investors to open an account and minimise the number of accounts opened using fake information, BSEC said.

The plan includes a 'recovery and strengthening' objective, and measures to support the use of liquidity enhancement tools for businesses affected by Covid-19.

To improve member outcomes, APRA will focus on strengthening its prudential framework, sharpening supervision, improving data and enhancing transparency.

The CBIRC is targeting a reduction of total outstanding trust financing products by CNY 1 trillion this year, and to entirely shut down this business over five years.

ASIC’s Jane Eccleston says trustees of non-public offer funds need to apply for an AFS licence or vary their existing licences by 30 April 2021.