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Structural Regulation
Malaysia Allows Listed Companies to Defer Quarterly, Annual Reports
By Editors | 19/03/2020
Listed companies and REITs managers with a financial year-end of 31 December 2019 can also defer their AGMs.
Clearing & Post-Trade
HKEX to Introduce Master SPSA Service for Fund Managers
By Editors | 18/03/2020
The new service allows pre-trade checking of China A shares for northbound trading at the fund manager level rather than at the individual fund level.
Trading & Investment
SET Revises Circuit Breaker Mechanism to Curb Volatility
By Editors | 18/03/2020
The circuit breaker will be triggered in three stages instead of two. The ceiling and floor limits for securities and derivatives are also revised.
Structural Regulation
AMP Units Pay ASIC Penalties for Trade Reporting Failures
By Editors | 18/03/2020
The AMP entities failed to report information about over 1,000 derivatives transactions and to correctly report collateral information about over 19,000 transactions over several years.
Payments & Settlements
SWIFT Defers ISO 20022 Start Date for Cross-border Payments
By Editors | 18/03/2020
ISO 20022 messages for cross-border payments and cash reporting businesses will start from end 2022 instead of November 2021 as originally planned.
Conduct, Culture & Accountability
A Review of Post-GFC Regulatory Approaches to Bank Boards
By Editors | 18/03/2020
Of the 19 jurisdictions surveyed, all prescribe ‘fit and proper’ criteria to assess bank board members, however some authorities have no regulatory powers to approve their appointments.
Trading & Investment
Philippine Markets Shut, Central Bank Promises Regulatory Relief
By Editors | 17/03/2020
The Philippines has halted stock, bond and currency trading ‘until further notice’. The BSP is urging banks to provide financial relief to customers and employees.
Structural Regulation
Tokyo Stock Exchange to Ease Rules on Delistings, IPOs – Report
By Editors | 17/03/2020
Companies that have fallen into negative net worth as a result of the coronavirus pandemic will have 2 years before their shares are delisted, up from 1 year currently.
Structural Regulation
Japan Unveils New Foreign Investment Rules for Consultation
By Editors | 17/03/2020
Foreign financial institutions subject to regulatory supervision are eligible for a “blanket exemption” from the pre-notification requirement.
Liquidity Risk
S. Korea Cuts Key Interest Rate to Record Low
By Editors | 17/03/2020
Bank of Korea has cut its key rate by 50 basis points to 0.75 percent, joining other central banks unveiling emergency measures to fight the coronavirus outbreak.
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