The 'World Bank Philippines Catastrophe Bonds' will finance up to $225mn of financial protection against earthquakes and tropical cyclones for the Philippines over the next three years.
The CSRC prohibits four types of futures trading manipulation, including false trading and activities intended to spread false information or create confusion among investors.
The HKMA has issued new guidance aimed at preventing, detecting and mitigating misconduct risks at financial institutions in the selling of investment funds.
Under the regime, brokers must assign a unique digital code that identifies each investor, who will be “deemed to agree” that their information may be transferred to the Hong Kong SFC and SEHK.
Nomura Orient International Securities, 51% owned by its Japanese parent, will be allowed to operate brokerage, investment consulting, proprietary trading, and asset management businesses.
PTA, methanol, iron ore and gold options will launch in December and rapeseed meal options will launch in mid-January.
APRA has determined that only ANZ, BNP Paribas, Citibank, CBA, Deutsche Bank, HSBC, JP Morgan, Macquarie, MUFG, NAB, Sumitomo Mitsui and Westpac will be required to report under ARS 722.0.
Among the rules are a higher net worth requirement for portfolio managers, a doubling of the minimum investment requirement for PMS funds, and mandatory appointment of a custodian.
Effective from 1 January, once a listed company falls 30 days behind on loan repayment it will have 24 hours to disclose the default, even before it is classified as an NPA by the lender.
Listed entities should disclose counterparties’ controllers and beneficial owners in corporate transactions. Asset managers should maintain effective controls to detect dubious arrangements or transactions.
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