Markets & Infrastructure

Trading & Investment

NSE-SGX Dispute Runs Afoul of MSCI

By Garima Chitkara | 31/05/2018

MSCI considering placing India on notice due to “burdensome” SEBI registration process and stock exchange action that could restrict global availability of investment instruments.

Trading & Investment

Singapore to Require Reporting of Short Selling Information

By Garima Chitkara | 31/05/2018

Short sellers will have report their positions and short sell orders on SGX-listed securities to the MAS starting October this year; MAS rules expected to improve transparency.

Conduct, Culture & Accountability

Systemic Enquiry into Financial System Not Required – New Zealand Regulators

By Garima Chitkara | 31/05/2018

RBNZ, FMA say so far no reason to conduct systemic investigation of financial industry’s conduct and culture; banks’ efforts at improving institutional conduct and culture will continue to be monitored.

Structural Regulation

Vietnam to Adopt IFRS Starting This Year

By Garima Chitkara | 31/05/2018

Vietnam to phase in IFRS standards starting this year until 2020 through the adoption of ten to twenty standards deemed appropriate for implementation.

Clearing & Post-Trade

Japan to Adopt T+2 Stock Settlement in 2019

By Garima Chitkara | 31/05/2018

T+2 settlement for equities set to begin on 16 July 2019; working group to shorten settlement cycle first setup in 2015.

Market Data & Technology

SEBI to Investigate Technical Glitches at NSE, MCX

By Garima Chitkara | 31/05/2018

SEBI has sought a report from both the exchanges to understand the causes of the glitches that led to trading disruptions and the booking of duplicate trades.

Structural Regulation

The Ties That Bind: Market Connectivity Continues to Increase Despite Opposing Rhetoric

By Larry Thompson | 30/05/2018

Whether it is geopolitical tensions in North Asia, the UK’s exit from the European Union or new U.S. trade policies, globalisation would appear to many to be in retreat in many regions of the world — but this is not the case in financial markets.

KYC & CDD

SFC Fines Wealth Manager Noah Holdings for Internal Control Failures

By JP Reimann | 30/05/2018

The firm was fined HK$5mn for failures in client risk profiling and product due diligence, resulting in potentially unsuitable investment products being sold to clients.

Trading & Investment

MAS, HKMA Commit to FX Global Code

By Editors | 30/05/2018

Over 200 global FX market participants have committed to the Code to maintain status as central bank counterparties.