Markets & Infrastructure

Structural Regulation

SEBI Offers Clarifications on Investment Advisor Rules

By Editors | 08/08/2023

Those offering investment advice solely to overseas persons are not subject to the rules. Registered investment advisors can provide advice to FPIs.

Structural Regulation

Australia Proposes Licensing Exemptions for FFSPs

By Ranamita Chakraborty | 08/08/2023

The proposed legislation reduces entry barriers for foreign financial services providers entering the Australian market while ensuring appropriate regulatory oversight.

Supervision & Enforcement

Australia Announces ‘Crackdown’ on Tax Adviser Misconduct

By Manesh Samtani | 08/08/2023

The maximum penalties for tax advisers who promote tax exploitation schemes will increase 100-fold to more than A$780mn.

Trading & Investment

Chinese Mutual Funds Approach QDII Limits on Overseas Investment – Report

By Mark Johnston | 07/08/2023

Some of China’s largest mutual funds are approaching their QDII limits as seek to meet demand for higher-yielding assets overseas.

Clearing & Post-Trade

ChinaClear Lowers Reserve Funds Brokers Must Set Aside

By Editors | 07/08/2023

The change is expected to free up around CNY 30-40 billion of capital, and provide a boost to markets.

Structural Regulation

Australia Launches Review of Managed Investment Schemes Regime

By Editors | 07/08/2023

The consultation seeks feedback on a number of issues, including whether the wholesale client thresholds should be increased.

Liquidity Risk

China Pledges More Support for Private Enterprises

By Editors | 07/08/2023

The measures include more financial support for private enterprises including developers, easier visa rules, and tax exemptions.

Structural Regulation

ACCC Rejects ANZ-Suncorp Merger Deal Over Competition Concerns

By Manesh Samtani | 07/08/2023

The ACCC said a merger between Bendigo and Adelaide Bank and Suncorp would be a better outcome.

Cryptocurrency

Industry Bodies Call on IOSCO to Tackle Conflicts of Interest in Crypto

By Manesh Samtani | 06/08/2023

The WFE, GDF, IIF and FIA each address conflicts of interest in the crypto sector in their responses to IOSCO’s consultation.