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Markets & Infrastructure
Structural Regulation
Korea Set to Implement New Rules for Bank Closures, Acquisitions
By Sanday Chongo Kabange | 15/08/2023
The government has approved changes to the enforcement decree of the Banking Act, a revised version of which will take effect on 22 September.
AI Risk & Governance
Taiwan FSC to Establish New Rules for Robo-Advisor Services
By Editors | 15/08/2023
Robo wealth management services are currently being offered by 16 financial institutions. Legislation will be ready in H1 2024.
Trading & Investment
Shanghai, Shenzhen Bourses Pledge Measures to Stimulate Markets
By Editors | 15/08/2023
The measures are designed to stimulate market vitality, enhance transaction convenience and smoothness, and continuously improve market attractiveness.
Clearing & Post-Trade
DTCC Kicks Off T+1 Settlement Testing Programme
By Editors | 15/08/2023
The testing programme was designed to support full end-to-end testing of the various processes impacted by the T+1 functional changes.
Structural Regulation
SEBI Reduces Investor Exit Window for AMC Change in Control
By Editors | 14/08/2023
The exit option window period is reduced from 30 to 15 calendar days after a change in control of the AMC is announced.
Alternative Markets
New Rules Could Force a Third of China’s Hedge Funds to Close
By Editors | 14/08/2023
Almost 35,000 hedge fund products in China will fall under the new CNY 10 million minimum asset requirement set to take effect in September.
Structural Regulation
FSC Korea Specifies New Rules Under Revised Asset Securitisation Act
By Editors | 14/08/2023
The FSC more companies to be able to smoothly raise funds through asset securitisation once the Act and its subordinate statutes take effect on 12 January 2024.
Data Privacy
China State Council Unveils 24 Measures to Lure Foreign Firms
By Editors | 14/08/2023
Measures include commitment to explore enhanced mechanism for cross-border data flows, and a “green channel” for foreign firms to carry out security assessments for the export of data.
Payments & Settlements
Myanmar Allows Thai Baht to be in International Payments
By Editors | 14/08/2023
Myanmar’s Military Council has designated the Thai Baht as a currency for both international payments and account clearing.
Trading & Investment
Shanghai INE to Launch New Container Freight Index Futures Contract
By Editors | 14/08/2023
Shanghai International Energy Exchange is launching the new futures contract to help firms hedge against fluctuations in container freight prices.
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