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Payments & Settlements
RBI Fines State-run Energy Firms for Reporting Foreign Investments Late
By Editors | 02/08/2023
The RBI fined the four companies a combined $240mn for their delay in reporting overseas investments.

Data Privacy
UK to Develop New Data Standards for Regulatory Reporting
By Editors | 02/08/2023
The BOE and FCA have endorsed key recommendations that will transform regulatory data collections in the UK.

Structural Regulation
HKEX Will No Longer Single Out ‘China Risk’ in Issuer Disclosures
By Editors | 02/08/2023
HKEX removed specific requirements for issuers to disclose China-related risks, to align its requirements across all overseas-incorporated companies.

Trading & Investment
Chinese Regulators Ask Banks to Postpone Dollar Purchases – Report
By Editors | 02/08/2023
The window guidance is the latest in a series of steps taken by Chinese authorities this year to bolster the yuan.

Structural Regulation
Japan Launches Consultation on Permanent Cessation of Euroyen TIBOR
By Jill Wong | 02/08/2023
The consultation on permanently ceasing the Euroyen TIBOR was motivated by the need to enhance the transparency, robustness and reliability of the interbank offered rate to be fully compliant with IOSCO principles.

Conduct, Culture & Accountability
APRA Finalises New Requirements on Remuneration Disclosures
By Sanday Chongo Kabange | 02/08/2023
New requirements to disclose information on remuneration frameworks, design, governance and outcomes will take effect from 1 January 2024.

Trading & Investment
FSS Korea Directs to Foreign Firms to Improve Trading Controls
By Sanday Chongo Kabange | 02/08/2023
The firms erroneously recorded margin trading transactions. One firm also did not properly document reasons for client-directed order amendments.

Clearing & Post-Trade
HKEX Adds Additional Margin Calculation Flexibility to VaR Platform
By Sanday Chongo Kabange | 02/08/2023
The changes are designed to accommodate the needs of more complex portfolios and allow firms to easily exclude positions that will be settled by end of day.

Conduct, Culture & Accountability
New Consumer Duty Regime Enters into Force in UK
By Editors | 01/08/2023
The FCA says firms should be open and honest, avoid harm, and support consumers in pursuing their financial goals.

Trading & Investment
CFFEX Seeks Greater Market Participation from Institutional Investors
By Editors | 01/08/2023
CFFEX will roll out new training, technology and incentives to better support intermediaries in servicing mid- and long-term institutional investors.
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