Markets & Infrastructure

Conduct, Culture & Accountability

ASIC Proposes Regulatory Guide on Whistleblower Policies

By Editors | 08/08/2019

Companies have to implement a whistleblower policy by January 2020. ASIC’s guidance explains how they should be established, implemented and maintained.

Structural Regulation

SGX RegCo to Boost Regulatory Presence, Oversight

By Manesh Samtani | 08/08/2019

At a regulatory briefing on Wednesday, SGX RegCo CEO Tan Boon Gin laid out the work ahead to enhance investor confidence and deter wrongdoing.

Clearing & Post-Trade

ASX Finalises Updated Guidance for Clearing, Settlement Participants

By Editors | 08/08/2019

ASX has finalised its updated guidance for clearing and settlement participants on their business continuity, disaster recovery and cyber resilience arrangements.

Structural Regulation

Singapore Finalises Tax Framework for VCCs

By Editors | 07/08/2019

An umbrella VCC needs to file a single corporate income tax return, regardless of the number of sub-funds. GST and stamp duty will be applied at the sub-fund level.

Conduct, Culture & Accountability

Westpac NZ Refunds 93,000 Customers for Incorrectly Charged Fees

By Editors | 07/08/2019

Westpac self-reported the incorrectly charged fees in December 2017, and has already completed a significant part of the work to reach and refund impacted customers.

Trading & Investment

SGX-NSE GIFT City Trading Link Receives Regulatory Approval

By Editors | 07/08/2019

The so-called ‘NSE IFSC-SGX Connect’ is set to become operational by end-2020, ending a dispute between the two exchanges.

Structural Regulation

RBNZ Consults on New Regulatory Regime for FMIs

By Editors | 07/08/2019

The RBNZ is consulting on a draft bill that sets out New Zealand’s new regulatory regime for financial market infrastructures.

Conduct, Culture & Accountability

ASIC Event Features Regtech Use for Monitoring Financial Promotions

By Manesh Samtani | 06/08/2019

ASIC’s ‘Regtech Monitoring Financial Promotions’ symposium was the first in what will be a series of sessions aimed at working with the industry to solve compliance challenges with technology.

Structural Regulation

Cayman ‘Economic Substance’ Rule Hits Hong Kong Hedge Funds

By Editors | 06/08/2019

The new rule requires investment managers to demonstrate ‘economic substance’ in Cayman to continue operating by setting up offices, moving teams over or outsourcing activities to local firms.