Markets & Infrastructure

Structural Regulation

Singapore Commences Transition Testing for Enhanced SIBOR

By Editors | 01/07/2019

Transition testing will be conducted initially for six months to determine if a transition to the proposed waterfall methodology is possible or if further refinements are needed.

Conduct, Culture & Accountability

ASIC Approves Updated Banking Code of Practice

By Editors | 01/07/2019

ASIC is assessing changes to the Code proposed by the ABA in two stages, the first of which has been approved and is reflected in the latest version which took effect on 1 July.

Clearing & Post-Trade

Hong Kong Finalises List of FSPs Under Clearing Obligation

By Editors | 01/07/2019

The list of Financial Services Providers identifies major dealers outside Hong Kong that are under the clearing obligation.

Structural Regulation

SEBI Approves Tighter Norms for Mutual Funds

By Editors | 01/07/2019

At its latest board meeting, SEBI approved tighter norms for mutual funds and pledged shares, while also approving a new framework for shares with differential voting rights.

Conduct, Culture & Accountability

APRA Consults on Approach to Product Responsibility under BEAR

By Editors | 01/07/2019

APRA proposes to require ADIs to identify and register an accountable person to hold end-to-end product responsibility for each product offered to customers.

Conduct, Culture & Accountability

MAS Clarifies Regulatory Expectations on IAC Guidelines

By Grace Chong | 01/07/2019

Grace Chong at Simmons & Simmons JWS recapitulates the key points from MAS’ feedback to the first consultation on the IAC Guidelines, and charts the course ahead.

Structural Regulation

MAS to Issue Up to Five Digital Bank Licences

By Editors | 01/07/2019

The initiative effectively extends digital bank licences to non-bank players, as existing banking groups in Singapore already have a framework for setting up digital bank subsidiaries.

Structural Regulation

ASIC Proposes New Rules for Market Operators, Participants

By Editors | 30/06/2019

The proposals seek to ensure resilience of critical systems, reliability of outsourced services, and appropriate management of cyber and data security risks, among other requirements.

Trading & Investment

NZX Has Enhanced its Surveillance Function, says FMA

By Editors | 30/06/2019

The NZX improved its market surveillance function in response to last year’s FMA review. It is also planning to complete a trading system upgrade next year, using NASDAQ technology.