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Trading & Investment
India Withdraws FPI Tax Surcharge Amid Foreign Pressure
By Editors | 26/08/2019
The surcharge, introduced last month, increased capital gains tax on foreign trusts investing in India to over 40%, prompting the stock market’s worst July in 17 years.
Structural Regulation
EU Shareholder Rights Directive – It’s Time for APAC Firms to Act
By Demi Derem | 26/08/2019
Though a European regulation, SRD II will directly impact Asian intermediaries and hundreds of billions of euros in assets held by APAC investors, says Demi Derem at Broadridge.
Structural Regulation
SEBI Eases Requirements for FPI Registration
By Editors | 23/08/2019
SEBI has consolidated 57 circulars and 183 FAQs issued over the years into a single circular for FPIs, easing several requirements in the process.
Conduct, Culture & Accountability
ANZ New Zealand to Review Internal Financial Reporting Processes
By Editors | 23/08/2019
The FMA has determined that ANZ should have disclosed the sale of a luxury property to its ex-CEO’s wife at below-market prices as a related party transaction.
Trading & Investment
ASIC Proposes Ban on Binary Options, Restrictions on CFDs
By Editors | 23/08/2019
In 2018, licensed binary options and CFD issuers made about $2bn from these products, largely attributed to retail client losses, fees and costs.
Credit Risk
SEBI to Force Borrowers to Disclose Defaults to CRAs
By Editors | 23/08/2019
The move follows a spate of defaults in India where credit rating agencies were blamed for being unable to flag potential credit risks.
Market Abuse
SEBI Targets Insider Trading with Informant Reward Mechanism
By Editors | 22/08/2019
Whistleblowers will be eligible for rewards up to $139,000 and, if culpable themselves, for amnesty or settlement with SEBI.
Structural Regulation
SZSE ChiNext Board to Adopt Registration Based IPO System
By Editors | 22/08/2019
Shenzhen’s ChiNext board has begun work to prepare for adoption of a registration-based IPO system, currently in use at Shanghai’s new tech board.
Conduct, Culture & Accountability
ASIC to Monitor Progress to End Conflicted Remuneration
By Editors | 22/08/2019
ASIC will investigate the steps licensed entities are taking to end grandfathered conflicted remuneration for financial advisers and whether the benefits are passed on to clients.
Structural Regulation
Goldman Files Application to Control China Securities JV
By Editors | 22/08/2019
Goldman is seeking to bring its China business in line with its operations in other parts of the world – as its local partner folds its operations into the joint venture.
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