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Conduct, Culture & Accountability
CBIRC Issues Warning Against Improper Sales Practices
By Editors | 16/05/2021
In a notice, the CBIRC points to regulatory violations by Ping An Bank in its credit card sales practices which violated the rights and interests of consumers.
CBDCs
HKMA, PBOC In Talks on Next Phase of Digital Yuan Tests
By Sanday Chongo Kabange | 15/05/2021
The next phase of technical testing will explore the feasibility of using the digital yuan in cross-border payments.
Structural Regulation
SEBI Proposes to Reduce Promoter Lock-in Period
By Editors | 14/05/2021
SEBI proposes to reduce the lock-in period for the minimum promoter’s contribution to an IPO from 3 years to one year.
Trading & Investment
UK Exchange Derivatives to Switch to SONIA on 17 June
By Editors | 14/05/2021
The FCA and BOE are encouraging market participants to prepare for and implement changes to standard trading conventions on 17 June.
Market Abuse
Korea: New Rules for Chinese Walls to Take Effect from 20 May
By Editors | 14/05/2021
Financial investment businesses are required to establish internal control standards to prevent information sharing of material nonpublic information between units.
Market Abuse
Hong Kong: Six Current & Former Directors Fined Over Inside Information
By Editors | 14/05/2021
Timely disclosure of inside information is central to the orderly operation of the market and underpins a fair and informed market, the SFC said.
Credit Risk
China: NAFMII Revises Rules for Credit Derivatives
By Editors | 14/05/2021
The rules remove a restriction that prohibited CDS and CLN from being linked to instruments other than non-financial corporate debt.
CBDCs
SWIFT, Accenture Explore Real-world Implications of CBDCs
By Sanday Chongo Kabange | 13/05/2021
SWIFT is planning trials in the coming months to explore how its platform could interact with CBDCs in cross-border payments.
Trading & Investment
SEC Thailand Issues Guidelines for Distressed Bond Funds
By Editors | 13/05/2021
Only institutional and ultra-HNW investors will be allowed to invest in distressed bond funds, which will be non-redeemable but have a maturity date prescribed.
Structural Regulation
CBIRC Green-lights BlackRock-CCB Wealth Management Venture
By Editors | 13/05/2021
The wealth management JV is 50.1% owned by BlackRock, 40% by China Construction Bank’s wealth management subsidiary, and 9.9% owned by Temasek.
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