Markets & Infrastructure

Conduct, Culture & Accountability

SFC Investigation Disclosure Obligation Presents Challenge to Industry

By Manesh Samtani | 24/05/2019

The SFC has clarified aspects of the new disclosure obligation, but concerns remain over logistical and administrative burdens, say ASIFMA and Herbert Smith Freehills.

Market Abuse

CICC Bankers Reprimanded for Altering IPO Documents

By Editors | 24/05/2019

Two CICC bankers have been named and shamed for altering the IPO application documents of a company seeking a listing on Shanghai’s new tech board.

Trading & Investment

China to Open Bond Futures Market to Domestic Banks

By Editors | 24/05/2019

Opening up bond futures trading to banks will improve volumes, liquidity, hedging tools, and price discovery across the broader bond market.

Market Abuse

Japan FSA to Issue Improvement Order Against Nomura

By Editors | 24/05/2019

The FSA will reportedly order Nomura Securities to strengthen controls and systems to prevent recurrence of a recent information leak.

Conduct, Culture & Accountability

APRA Warns of Capital Charges for FIs with Poor Culture

By Editors | 24/05/2019

APRA says it may apply additional capital requirements to regulated institutions with material weaknesses in their governance and management of non-financial risks.

Conduct, Culture & Accountability

MAS, ABS Form Culture and Conduct Steering Group

By Garima Chitkara | 23/05/2019

The steering group will identify best practices, monitor trends and emerging issues, and collaborate on initiatives to promote strong culture and conduct.

Clearing & Post-Trade

Japan T+2 Settlement to Start on 16 July

By Editors | 23/05/2019

T+2 settlement to go live in Japan following working group discussions and the successful completion of operational checks.

Structural Regulation

FSC Korea Mulls Relaxation of Five Percent Rule

By Editors | 23/05/2019

Investors who own 5% or more of a listed company must disclose any ownership change within 5 days, a requirement that has prevented some institutional investors from exercising their voting rights.

Trading & Investment

New Directive for Indian AMCs a Boost for Offshore Fund Flows

By Editors | 23/05/2019

Indian asset management companies serving offshore funds as advisers will now be entitled to tax benefits which will enable them to take up direct fund management of offshore funds.