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Clearing & Post-Trade
ASX to Streamline Transfers to CHESS Subregister
By Editors | 02/09/2019
ASX will remove a requirement for settlement-only participants to receive and provide a registrable transfer document for transfers, but will require validation checks.
Structural Regulation
Singapore Takes Steps to Transition Away from SOR
By Editors | 02/09/2019
Singapore’s banking body and foreign exchange market committee have identified SORA as “the most robust and suitable” alternative interest rate benchmark to SOR.
Payments & Settlements
Shenzhen to Pilot Easier Rules on Foreign Exchange Transactions
By Editors | 30/08/2019
To facilitate payments in foreign currencies, SAFE’s Shenzhen branch will move away from the approval-based system to shorten settlement to just minutes rather than hours.
Trading & Investment
SEBI Extends Deadline for New Rules on Handling Client Securities
By Editors | 30/08/2019
Following feedback from stock exchanges and market participants, SEBI has decided to extend the effective dates in a June circular by one month.
Operational Risk
APRA to Improve Capabilities to Combat Non-Financial Risks
By Editors | 30/08/2019
In its four-year corporate plan, APRA identifies four areas of strategic focus, including to improve cyber-resilience and governance standards in the financial sector.
Structural Regulation
Chinese Regulators Vow to Bring Quality Deals to Market
By FinanceAsia | 30/08/2019
The Chinese securities watchdog updated three draft regulations last week. For investors, it means both opportunity and challenge.
Structural Regulation
MAS Opens Applications for Digital Bank Licences
By Editors | 30/08/2019
Successful applicants will be announced in mid-2020, with the expectation that they meet MAS requirements and commence business by mid-2021.
Market Abuse
Tokyo Bourse Penalises Nomura for Information Leak
By Editors | 30/08/2019
The TSE says internal controls at Nomura Securities were insufficient, and measures it took after a similar incident in 2012 did not seem to have improved compliance.
Clearing & Post-Trade
WFE Warns EMIR 2.2 Could Unduly Fragment Global Markets
By Editors | 29/08/2019
The WFE has issued a letter to the European Commission and ESMA outlining principles it says would support the objectives of EMIR 2.2 while limiting its negative consequences.
Supervision & Enforcement
ASIC Focuses on Misconduct in Four-Year Corporate Plan
By Editors | 29/08/2019
ASIC will expand its use of behavioural sciences, data and technology and position itself as a more strategic and agile regulator.
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