Markets & Infrastructure

Trading & Investment

NSE Receives CFTC Approval to Sell Futures to US Customers

By Garima Chitkara | 21/05/2018

NSE can sell futures products to US investors without the later having to register separately as a futures merchant; CFTC approval hinges on information exchange on NSE transactions with SEBI.

Trading & Investment

London Exchange Releases Shanghai Trading Link Blueprint

By Manesh Samtani | 21/05/2018

London-Shanghai Stock Connect to start later this year; SSE companies worth over CNY20bn will be allowed to list up to 15% of total share capital in the UK.

Trading & Investment

China-backed Derivatives Exchange APEX Set for Launch in Singapore

By Manesh Samtani | 21/05/2018

Asia Pacific Exchange will become Singapore’s third derivatives exchange, initially offering dollar-denominated and physically tradable palm olein futures starting 25 May.

Structural Regulation

Indonesia to Tighten Rules on Fintech Lenders

By Karen Chiu | 19/05/2018

Fintech lenders will be compelled to be registered with OJK; unregistered firms will be unable to tap financial markets or raise funds from banks.

Structural Regulation

Hong Kong Allows Corporate Setup for Investment Funds

By JP Reimann | 18/05/2018

SFC’s new open-ended fund company (OFC) regime will allow investment funds to set up under corporate structures starting from 30 July 2018.

Conduct, Culture & Accountability

S. Korea Banks Respond to Hiring Scandals with New Recruitment Standards

By Manesh Samtani | 18/05/2018

Korea Federation of Banks has submitted a draft proposal to the FSC which includes written exams for candidates, document screening by external agencies and blind interview processes.

Capital Adequacy

China Gives the CBIRC Exclusive Supervision Over Leasing Industry

By Garima Chitkara | 17/05/2018

Leasing companies will no longer come under the Ministry of Commerce and will be supervised by the CBIRC, in a move to streamline regulation of the leasing industry and ensure consistent application of regulatory norms.

Conduct, Culture & Accountability

Hong Kong SFC Releases Further Details on Licensing Regime

By Garima Chitkara | 17/05/2018

SFC bulletin highlights areas of concern the regulator considers in granting and rejecting licenses as well as updates to MIC regime; SFC also announced a forthcoming thematic review of MIC regime compliance.

Trading & Investment

BSE Receives US SEC “Designated Offshore Securities Market” Status

By Garima Chitkara | 17/05/2018

Designation will allow Indian exchange BSE to sell securities to US investors without needing to register them with the US SEC.