Markets & Infrastructure

Structural Regulation

JBA Responds to Hong Kong OTC Derivatives Consultation

By Editors | 28/06/2019

The Japanese Bankers Association asks the HKMA and SFC to develop rules that automatically assign the UTI generation responsibility, rather than rely on bilateral agreement between counterparties.

Structural Regulation

S. Korea to Ease Rules for Brokerage, Asset Management Sectors

By Editors | 28/06/2019

The FSC is trying to spur competition in the capital market, and encourage the establishment of new brokerages. Only six new brokerages have been set up in Korea since 2010.

Trading & Investment

China-Japan Cross-Border ETFs Start Trading

By Editors | 28/06/2019

Eight new cross-border ETFs have started trading on the Shanghai and Tokyo stock exchanges, just days after FTSE Russell started including China A shares in its indexes.

Clearing & Post-Trade

SGX Enables Portfolio Compression for Listed Derivatives

By Editors | 28/06/2019

SGX, in collaboration with a unit of BGC Partners, has become the first exchange in Asia to launch a portfolio compression service for listed derivatives.

Conduct, Culture & Accountability

ASIC Imposes Lifetime Ban on Former Westpac Adviser

By Editors | 27/06/2019

The former adviser is said to have prioritised his own interests over those of his clients by providing inappropriate advice that maximised fees and commissions.

Structural Regulation

RBI Issues Guidelines for Financial Benchmark Administrators

By Editors | 27/06/2019

Existing financial benchmark administrators will be notified if their benchmark is considered a “significant benchmark”. They will then have three months to apply for RBI authorisation.

Trading & Investment

CSRC Allows Funds to Engage in Securities Lending

By Editors | 27/06/2019

Certain funds can lend stocks to the state-owned China Securities Finance Corp, which can then lend to brokers, who facilitate investor short selling.

Structural Regulation

CFTC Clarifies How Foreign Broker Exemptive Relief Can Be Terminated

By Editors | 27/06/2019

The CFTC has the right to terminate the exemptive relief granted to foreign brokers, but current regulations do not provide a specific course of action if exemptive relief no longer warranted.

Conduct, Culture & Accountability

ASIC Consults on Use of New Product Intervention Power

By Editors | 27/06/2019

The draft regulatory guide sets out the scope of ASIC’s new powers, when and how it expects to use the power, and how a product intervention order is made.