Coordinated inspections found that a licensed corporation owned by a subsidiary as well as a bank within a Mainland-based group had adopted “complex, opaque financing arrangements”.
Korea is allowing robo advisers to operate funds, provided they are managed in line with disclosed objectives and have security breach prevention measures in place.
The index inclusion will draw more liquidity into China’s onshore bond market and potentially spur more policy measures to further open up the market.
The report provides guidance to help regulators better understand the behaviour of retail investors in making financial investment decisions to aid in policy development.
Hong Kong has gazetted an Amendment Ordinance empowering the Financial Reporting Council as an independent oversight body for the HKICPA and auditors of listed companies.
Changes have been made to seven of ASIC's regulatory guides after the government passed a legislative amendment enabling the funds passporting scheme.
Regulator does away with rules requiring Chinese investors to apply for QDII license to invest in foreign firms listed in Taiwan; foreign firms can also solicit Chinese investment through private placements, rights issues or stake transfer.
T+2 settlement for equities set to begin on 16 July 2019; working group to shorten settlement cycle first setup in 2015.
Markets should expect the G20 reform commitments to continue to inform regulatory changes, and more equivalence decisions.
Panellists at OTC Derivatives Summit Asia eye the next phase of regulation.