Markets & Infrastructure

Structural Regulation

China Issues Implementing Regulation for New Foreign Investment Law

By Editors | 03/01/2020

Effective from 1 January, the regulation emphasises legal protections for foreign investors, prohibits forced technology transfers, and promises equal treatment for foreign-invested enterprises.

Supervision & Enforcement

SFC Fines RHB Securities for Internal Control Failures

By Editors | 02/01/2020

RHB Securities failed to effectively implement its policy for avoiding conflicts of interest between its research reports and investment banking relationships, among other compliance issues.

Conduct, Culture & Accountability

SEBI Directs Investment Advisers to Improve Conduct

By Editors | 02/01/2020

SEBI has observed that some investment advisers have been providing advice on a ‘free trial basis’, without performing client risk profiling and product suitability assessments.

Structural Regulation

SGX RegCo Launches Review of Regulatory Framework for Retail Bonds

By Editors | 02/01/2020

The working group tasked with recommending changes to the framework comprises representatives from the Securities Investors Association Singapore, DBS, OCBC, and UOB, among others.

Market Abuse

CLSA, CITIC Securities Censured for Breaching Share Buyback Rules

By Editors | 02/01/2020

CLSA and CITIC Securities carried out pre-arranged trades on the SEHK to allow Beijing Enterprises Holdings to buyback its shares without regulatory or shareholder approval.

Structural Regulation

China Banks, Insurers Urged to Develop Foreign Trade-related Services

By Editors | 02/01/2020

New guideline asks banks and insurers to develop foreign trade-related financial services to help develop bilateral trade between China and key jurisdictions, including the ‘Belt and Road’ countries.

Supervision & Enforcement

SGX RegCo to Overhaul Enforcement Approach – Reports

By Editors | 31/12/2019

SGX RegCo chief Tan Boon Gin wants stronger protections against misconduct, faster enforcement outcomes and greater clarity to be provided to the market.

Structural Regulation

SFC Fines Fidelity Unit for Unlicensed Futures Dealing

By Editors | 31/12/2019

FIL Investment Management executed over 6,700 futures trades for overseas affiliates without a Type 2 licence, and delayed reporting the breach to the SFC.

Payments & Settlements

BSP Extends Registration Deadline for Payment System Operators

By Editors | 30/12/2019

Existing payment system operators were given until 1 January to register with the BSP. This has been extended to 1 April 2020.