Markets & Infrastructure

    Conduct, Culture & Accountability

    SEBI Warns Mutual Fund Industry for High Fees

    By Editors | 03/07/2015

    India’s capital markets regulator has come down heavily on mutual fund players over the higher agency commissions they charge from customers, warning of punitive and corrective actions.

    Payments & Settlements

    Indonesia Bans Foreign Currencies in Domestic Transactions

    By Editors | 02/07/2015

    Indonesia’s central bank has banned the use of foreign currencies for domestic transactions to control onshore demand for dollars and ease downward pressure on the rupiah, effective on July 1.

    Cloud & Infrastructure

    Singapore Allows Banks to Test Fintech Innovation Without Seeking Approval

    By Editors | 02/07/2015

    The Monetary Authority of Singapore said financial institutions are free to test certain digital innovations without the approval of the regulator, while announcing other initiatives aimed at boosting the fintech sector.

    Clearing & Post-Trade

    MAS Consults on Proposed Regulations for OTC Derivatives Clearing

    By Editors | 02/07/2015

    The Monetary Authority of Singapore has issued a consultation paper on proposed regulations for central clearing of over-the-counter derivative contracts.

    Trading & Investment

    Two HFTs Win Direct Access to Japan Exchanges

    By Samuel Riding | 01/07/2015

    Susquehanna and KCG Holdings allowed to make buy and sell orders without using a brokerage.

    Trading & Investment

    IOSCO Publishes Consultation Paper on Fees and Expenses of Investment Funds

    By Editors | 01/07/2015

    The International Organization of Securities Commissions (IOSCO) has published a consultation report proposing an updated set of common international standards of best practice for investment funds.

    Structural Regulation

    China to Allow More Privately-Owned Banks

    By Editors | 30/06/2015

    The China Banking Regulatory Commission has issued guidelines for the setting up of more privately-owned banks in the China.

    Structural Regulation

    India’s Pension Regulator Seeks to Ensure Protection for Subscribers

    By Editors | 30/06/2015

    The Pension Fund Regulatory and Development Authority is collecting information on unregulated pension funds, with the aim of bringing them under regulatory oversight.

    Structural Regulation

    Super Funds to Require More Independent Directors

    By Editors | 30/06/2015

    The Australian Prudential Regulatory Authority will amend its prudential standards to support the effective implementation of government proposals to improve independence of super fund governance.

    Structural Regulation

    Mutual Fund Recognition Reveals Fund Distribution Problems

    By Peter Guy | 29/06/2015

    Restrictions on the independent operations of Hong Kong asset managers in China may impose sales bottleneck.

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