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Conduct, Culture & Accountability
TWSE Amends Listed Company Guidelines to Enhance Governance, CSR
By Editors | 18/02/2020
The amendments include stock trading controls to prevent insider trading, ethical management units at listed companies, and disclosures of governance practices for managing climate risk.
Structural Regulation
SEBI Bars Portfolio Managers from Charging Upfront Fees
By Editors | 18/02/2020
SEBI has barred portfolio managers from charging upfront fees from clients and imposed caps on annual management fees and exit loads.
Structural Regulation
ESMA Seeks BMR Exemptions for Noncritical, Third-country Benchmarks
By Manesh Samtani | 18/02/2020
ESMA says BMR’s wide scope has led to an unintended consequence whereby third-country benchmarks are not incentivised to keep providing their benchmarks in the EU.
Cloud & Infrastructure
SEBI Approves Live Sandbox Testing for Regulated Entities
By Editors | 18/02/2020
SEBI-registered entities can test new products, services and business models on a limited set of customers, for a specified period of time, with certain regulatory relaxations.
Credit Risk
China: Fees Hinder Entry of Foreign Distressed Debt Funds – Report
By Editors | 18/02/2020
Offshore funds have to rely on accounting and law firms throughout the three- to four-year life cycle of a transaction in China, at cost of up to 15% of the transaction’s value.
Liquidity Risk
PBOC Injects Funds, Sterlises Bills to Contain Virus Epidemic
By Editors | 18/02/2020
The PBOC has lowered the interest rate on its medium-term lending facility, injected 100bn yuan in liquidity via reverse repos, and ordered banks to disinfect yuan bills.
Conduct, Culture & Accountability
Whistleblowing Policy to Become Mandatory for SGX Listed Companies
By Editors | 18/02/2020
SGX RegCo chief Tan Boon Gin wants to hardcode a whistleblowing policy into the Listing Rules to make compliance mandatory. A consultation will be launched in June.
Clearing & Post-Trade
CCP12 Highlights Remaining Transparency Issues in OTC Derivatives
By Editors | 17/02/2020
A new CCP12 paper highlights a lack of transparency in the amount of collateral posted in bilateral markets, which is needed to more accurately assess liquidity requirements and latent risks.
Capital Adequacy
Bangladesh Banks to Get Credit Support for Stock Market Investment
By Editors | 17/02/2020
Stock market investment through the credit support package will not count towards the maximum allowed stock market exposure of 25% of capital.
Conduct, Culture & Accountability
APRA, ASIC Welcome Reforms on Superannuation Regulation
By Editors | 17/02/2020
ASIC will be focused on conduct issues involving superannuation trustees, while APRA will be focused on prudential supervision of trustee activities.
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