Markets & Infrastructure

    Cryptocurrency

    ASIC Updates Guidance for ICO, Crypto-Asset Issuers

    By Editors | 02/06/2019

    The guidance tells issuers how to determine whether an ICO or crypto-asset is considered a financial product, and which Australian laws would apply.

    Structural Regulation

    FSC Korea Proposes More Flexible Business Conduct Rules

    By Editors | 02/06/2019

    ‘Chinese walls’ at financial firms will be set up around ‘information units’ rather than ‘business units’. Firms can entrust a broader range of business to third parties and IT firms.

    Clearing & Post-Trade

    India Delays CCP Interoperability Framework

    By Editors | 31/05/2019

    Trading members have been given one more month to develop processes that allow them to choose to clear and settle trades in other clearing corporations.

    Structural Regulation

    Singapore, Malaysia, Vietnam on US Watchlist for Currency Practices

    By Manesh Samtani | 31/05/2019

    The US Treasury’s monitoring list now names nine countries that could potentially be labeled currency manipulators, including China, Japan and Korea.

    Supervision & Enforcement

    SFC Fines China Merchants Securities for Mishandling Client Money

    By Editors | 31/05/2019

    China Merchants Securities has received a second fine this week, this time for using funds from client trust accounts for purposes not allowed under the SFC’s Client Money Rules.

    Trading & Investment

    S. Korea FSC Announces Derivatives Market Reforms

    By Editors | 31/05/2019

    The minimum deposit requirements will be abolished for professional investors and eased for retail investors. The minimum 20-hour compulsory training requirement will be reduced.

    Trading & Investment

    South Korea Cuts Securities Transaction Tax

    By Editors | 30/05/2019

    FSC chairman Choi Jong-ku has repeatedly called for a cut in the securities transaction tax to ease the burden it places on stock and mutual fund trades.

    Cloud & Infrastructure

    SEBI Floats Discussion Paper on Sandbox for Regulated Entities

    By Editors | 30/05/2019

    Under the proposed framework, entities regulated by SEBI will be granted certain facilities and flexibilities to experiment with innovative solutions in a live environment and on real customers.

    Structural Regulation

    PBOC Mulls Shift to Market Based Lending Rates

    By Editors | 30/05/2019

    PBOC governor Yi Gang has suggested discontinuing benchmark lending rate announcements to study the resulting loan rate trends, as a possible step towards market-based rates.

    Trading & Investment

    ISDA Chief Says the End is in Sight for IBOR Fallbacks

    By Manesh Samtani | 30/05/2019

    ISDA chief Scott O’Malia says one year from now, robust fallbacks should be in place for derivatives contracts referencing LIBOR and other IBORs.

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