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Conduct, Culture & Accountability
Australia: New Banking Code of Practice Set to Take Effect
By Editors | 25/06/2019
The ABA’s new Banking Code of Practice takes effect from 1 July. Lenders have welcomed the changes, but the FBAA says brokers shouldn’t sign the financial abuse declaration form.
Trading & Investment
Stock Connect Investors Gain Access to Onshore Yuan Rates
By Editors | 24/06/2019
Under the new arrangement, northbound Stock Connect investors will be able to hedge yuan exposures using the onshore exchange rate for the first time.
Structural Regulation
New Zealand to Introduce Licensing Regime for Financial Advisers
By Editors | 24/06/2019
The new regime will require all New Zealand financial advisers to be licensed by the FMA, effective from June 2020.
Structural Regulation
ASIFMA Standardises Underwriter Documentation for Hong Kong IPOs
By Manesh Samtani | 24/06/2019
The initiative will promote efficiency and reduce costs and legal risks by offering standardised forms for agreements among underwriters and between underwriting syndicates.
Trading & Investment
Hong Kong SFC Releases 2018-19 Annual Report
By Editors | 24/06/2019
The SFC is working to introduce an investor identification regime for southbound Stock Connect trading in mid-2019, and considering adopting a market-wide circuit breaker mechanism.
Payments & Settlements
Mirae Asset Daewoo to Launch Payments Business
By Editors | 21/06/2019
The FSC lifted restrictions barring brokerage firms from entering the payments business last December. WeChat Pay will be used in Mirae Asset Daewoo’s new payment gateway.
Conduct, Culture & Accountability
FMSB Issues Draft Good Practice Statements on Conflicts of Interest
By Editors | 21/06/2019
The FICC Markets Standards Board provides new guidance to help market participants identify, prevent, manage and mitigate conflicts of interest.
Clearing & Post-Trade
BOC Becomes LCH’s First Chinese Clearing Member
By Editors | 21/06/2019
Bank of China now has access to clearing of interest rate derivatives at LCH, and can act as a clearing broker to offer the service to its clients.
Trading & Investment
RBI Retail FX Trading Platform Set for 5 August Launch
By Editors | 21/06/2019
The RBI has said that FX-Retail, the electronic platform for retail foreign exchange trading, will be launched on 5 August.
Trading & Investment
SEBI Tightens Rules on Handling of Client Securities
By Editors | 21/06/2019
SEBI has issued new rules governing the management and disposal of client securities held by trading and clearing members.
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