Markets & Infrastructure

Structural Regulation

CSRC Solicits Comments on Revised Rules for Futures Exchanges

By Editors | 20/11/2019

The CSRC has revised its rules for futures exchanges to align with new developments, existing futures market practices, and international standards, as well as to improve front-line supervision.

Conduct, Culture & Accountability

APRA’s New Approach to Managing Non-Financial Risks

By Editors | 20/11/2019

APRA has published a new information paper setting out a tougher approach to lifting standards of governance, culture, remuneration and accountability across the financial industry.

Conduct, Culture & Accountability

CCB, Ping An Singled Out for Violating Small Business Lending Rules

By Editors | 20/11/2019

CBIRC spot checks have revealed that small businesses were forced to buy in-house insurance products as conditions for obtaining financing at Beijing branches of the two banks.

Conduct, Culture & Accountability

ASIC Formalises Adviser Relief from Compliance Scheme Obligations

By Editors | 19/11/2019

The relief is granted through a legislative instrument that state that the suspension of the compliance scheme framework applies until 31 October 2022.

Trading & Investment

SEBI Mandates Mapping of Brokers’ Client Codes with Demat Accounts

By Editors | 19/11/2019

The measure has been put in place to detect the diversion of client securities by brokers at an early stage so allow for appropriate preventive measures.

Structural Regulation

Australia Consults on Financial Market Infrastructure Regulatory Reforms

By Editors | 19/11/2019

The proposed reforms will enhance the licensing and supervisory regime for financial market infrastructures and introduce a resolution regime for clearing and settlement facilities.

Structural Regulation

CBIRC Grants Allianz Approval to Commence Operation in China

By Editors | 19/11/2019

The approval makes Shanghai-based Allianz (China) Insurance Holding Company Limited the first fully foreign-owned insurance holding company to operate in China.

Trading & Investment

CSRC to Allow Full Conversion of Non-tradeable Shares to H-Shares

By Editors | 19/11/2019

The move is seen as a way for state investors to exit some industries, and a way for some mainland companies to raise new funds and improve liquidity in their H-shares.

Conduct, Culture & Accountability

Auditor Independence Still an Issue for Audit Quality: FMA

By Editors | 18/11/2019

The key issues identified in the FMA’s Audit Quality Report 2019 related to auditor independence, related party transactions, accounting estimates, and auditor response to fraud risk.