Markets & Infrastructure

Structural Regulation

SFC Highlights Key Regulatory Initiatives in Quarterly Report

By Editors | 25/02/2020

Among the initiatives were the launch of the new OFC regime for private fund managers, a regulatory framework for virtual assets, and enhancements to the investor compensation regime.

Clearing & Post-Trade

ASX Consults on Tranche 2 Rule Changes for CHESS Replacement

By Editors | 24/02/2020

ASX is consulting on operating rules relating to corporate actions, mFund and RTGS payment aspects for ‘Day 1’ implementation of CHESS Replacement system functionality.

Trading & Investment

China Reopens Treasury Bond Futures Market to State-run Banks

By Editors | 24/02/2020

The domestic treasury bond futures market was closed in 1995 following a panic sell-off and the collapse of China’s largest brokerage at the time.

Structural Regulation

Japan: New Foreign Investment Rule to Impact Up to 500 Listed Firms

By Editors | 24/02/2020

Proposed ministry orders currently being finalised will reportedly exempt a wide range of foreign financial institutions and hedge funds from the reporting requirement.

Trading & Investment

Malaysia to Allow Private Retirement Schemes to Invest Overseas

By Editors | 22/02/2020

Malaysia’s Securities Commission says it will allow conservative PRS funds to invest in foreign markets, providing them more flexibility in asset allocation.

Conduct, Culture & Accountability

ASIC Drafts Guidance on New Mortgage Broker Best Interests Duty

By Editors | 22/02/2020

ASIC proposes mortgage brokers be required to identify what interests they or their related parties have, and to not provide credit assistance where it is not possible to prioritise consumer interests.

Cybersecurity

FSB Chair Sets Out Focus for Saudi G20 Presidency

By Editors | 21/02/2020

The focus areas include LIBOR transition, BigTechs in financial services, and the development of a cyber risk effective practices tookit.

Conduct, Culture & Accountability

Australia: Preparing for the Financial Accountability Regime

By Manesh Samtani | 21/02/2020

An essential first step to prepare for the FAR is for organisations to clarify internal lines of accountability, says APRA’s Helen Rowell.

Trading & Investment

Myanmar to Open Stock Market to Resident Foreigners in March

By Editors | 21/02/2020

Allowing foreigners to buy stocks is one of the ways Myanmar hopes to bolster its moribund stock market, which after four years still has only five stocks.