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Structural Regulation
Beijing Municipal Government Seeks QDII, RQDII Expansion
By Editors | 15/04/2019
Beijing vice mayor Yin Yong says securities firms, fund managers and futures trading firms should be able to to invest outside China through the QDII and RQDII schemes.
Conduct, Culture & Accountability
CBA has Complied with 2014 Financial Advice Licence Conditions
By Editors | 12/04/2019
CBA has offered A$9.3mn to compensate customers whose advice was reviewed under the 2014 licence conditions imposed on its financial planning entities.
Supervision & Enforcement
Australian Authorities Bust Vietnamese Money Transfer Cartel
By Editors | 12/04/2019
The ACCC and Australian police have brought charges against an alleged price-fixing cartel, which is said to have been directed by Vietnam’s Sacombank.
Clearing & Post-Trade
SEBI Issues CCP Guidelines for Risk-Based Capital, Net Worth
By Editors | 12/04/2019
New norms have been issued by India’s regulator on computing risk-based capital and net worth requirements for clearing corporations.
Trading & Investment
ASIC Warns OTC Derivatives Platforms on Overseas Services
By Editors | 12/04/2019
OTC derivatives platforms offering services to foreign retail investors may be breaking overseas laws, which may be inconsistent with local obligations to provide services ‘efficiently, honestly and fairly’.
Payments & Settlements
MAS Proposes Payment Services Regulations for Consultation
By Manesh Samtani | 11/04/2019
To effect the objectives of the Payment Services Act passed in January, MAS intends to prescribe new regulations for payment services licensees and significant payment systems.
Structural Regulation
US SEC Recognises NZX as Designated Offshore Market
By Editors | 11/04/2019
NZX participants will no longer be required to maintain a reasonable belief that clients are non-US domiciled persons in order to trade on their behalf.
Structural Regulation
HKMA Grants Fourth Virtual Bank Licence to WeLab Digital
By Editors | 11/04/2019
The HKMA has granted a fourth virtual bank licence to WeLab Digital, the first stand-alone company to receive the licence.
Structural Regulation
Taiwan Raises Max Penalty for Unauthorised Investments from China
By Editors | 11/04/2019
Taiwan has passed a legislative amendment raising the ceiling for fines against Chinese investment into local companies without authorisation.
Clearing & Post-Trade
Close-Out Netting Essential for Asia Derivatives Markets – ISDA
By Manesh Samtani | 11/04/2019
Close-out netting is the single most effective tool for reducing credit risk between counterparties, says ISDA chief Scott O’Malia, highlighting the ambiguity over its treatment in key jurisdictions.
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