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Conduct, Culture & Accountability
Australia: New Report Proposes Changes to Financial Advice Rules
By Sanday Chongo Kabange | 27/10/2020
The FASEA regime has created a barrier to many people who seek to provide advice services and to consumers who seek to access them, says a new Rice Warner report.
Structural Regulation
Singapore Publishes Timelines, Guidance to Support Transition to SORA
By Manesh Samtani | 27/10/2020
Under the timelines, all lenders and borrowers will stop issuing SOR-linked loans and securities that mature after 2021 by end-April 2021.
Conduct, Culture & Accountability
ASIC Deputy Chair Crennan Resigns Amid Expense Probe
By Editors | 27/10/2020
The probe relates to almost A$200,000 in payments that were made on behalf of Chairman James Shipton and to Deputy Chair Daniel Crennan that may have exceeded official limits.
Trading & Investment
Taiwan Stock Exchange Launches Intraday Odd-lot Trading
By Editors | 26/10/2020
The introduction of odd-lot trading during regular hours is aimed at making high-value stocks more affordable for individual investors and at helping to boost turnover.
Trading & Investment
China to Issue Additional Quotas for Outbound Investment via QDII
By Editors | 26/10/2020
The move, estimated to release quotas by $2-3bn per quarter, is being called one of the biggest relaxations in capital controls in recent years.
Structural Regulation
FSC Korea Designates KFTC to Manage P2P Financing Data
By Sanday Chongo Kabange | 26/10/2020
The Korea Financial Telecommunications and Clearings Institute will start operating a central registry for P2P transaction data from 1 May 2021.
Trading & Investment
CSRC Green-lights Launch of International Copper Futures Contract
By Sanday Chongo Kabange | 26/10/2020
The new copper futures contract will be traded on Shanghai’s International Energy Exchange, and accessible to foreign investors looking to hedge their exposures in China.
Emerging Prudential Risks
ISDA Launches IBOR Fallbacks Supplement, Protocol
By Editors | 25/10/2020
The implementation of fallbacks for derivatives will help to mitigate the systemic risk that could occur following the disappearance of LIBOR.
Trading & Investment
ASIC Intervenes to Restrict CFD Leverage, Curb Retail Losses
By Editors | 25/10/2020
In a new product intervention order targetting contracts for difference, ASIC has imposed leverage limits and standardised margin close-out arrangements.
Structural Regulation
FMA to Recognise Australian Financial Advice Qualifications
By Editors | 25/10/2020
In addition to holding Australian qualifications, the FMA proposes that Australian advisers will need to have at least 12 months’ experience working in Australia.
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