Markets & Infrastructure

Structural Regulation

SFC Proposes Enhancements to OFC Regime

By Editors | 23/12/2019

The changes include a mechanism for overseas corporate funds looking to re-domicile in Hong Kong. OFCs will also have to keep a register of beneficial shareholders.

Conduct, Culture & Accountability

Governance, Accountability in Focus in Phase Two Review of RBNZ Act

By Editors | 23/12/2019

The government will progress a number of key ‘in-principle’ decisions of the review by enacting two separate Acts to replace the Reserve Bank of New Zealand Act 1989.

Trading & Investment

Taiwan Eases Registration Rule for Foreign Employee Investment Accounts

By Editors | 23/12/2019

The overseas parent, subsidiary, branch office or representative office of Taiwan-listed companies may adopt the identity of a foreign institutional investor to register collective investment accounts for their overseas foreign employees.

Conduct, Culture & Accountability

ASIC Reports High Levels of FX Global Code in Wholesale Markets

By Editors | 23/12/2019

In a new report, ASIC highlights its observations of good and poor practices used by participants operating in the wholesale foreign exchange market.

Conduct, Culture & Accountability

ASIC Issues Draft Guidance on Product Design Obligations

By Editors | 21/12/2019

From April 2021, design and distribution obligations will require issuers to focus on meeting consumer needs when designing, marketing and distributing financial products.

Structural Regulation

SFC, CSRC Set Date for Southbound Investor Identification Regime

By Editors | 20/12/2019

With technical preparations now complete at exchanges and clearinghouses, southbound trading investor identification regime is scheduled for implementation on 13 January.

Structural Regulation

Indonesia Integrates Nine Bank Reports into Single Mechanism

By Editors | 20/12/2019

The integration aims to minimise redundant and inconsistent information, while simultaneously improving bank operational efficiency and the quality of reported data.

Trading & Investment

UPDATED – BOJ to Boost ETF Market Liquidity by Lending Holdings

By Editors | 20/12/2019

The ETF lending facility is likely to reduce ETF bid/ask spreads and provide an easy way to short the Japanese market.

Data Privacy

ACCC Delays Open Banking Launch for More Testing

By Editors | 20/12/2019

Under the new timeline, consumers can direct the major banks to share credit and debit card, deposit and transaction data from July 2020, and mortgage and personal loan data from November 2020.