Markets & Infrastructure

Trading & Investment

Vietnam Launches New Bond Trading Platform at HNX

By Editors | 20/07/2023

The system will also support businesses in mobilising mid and long-term capital, helping them reduce their dependence on bank credit.

Conduct, Culture & Accountability

APRA, ASIC Issue Draft Rules for New Financial Accountability Regime

By Sanday Chongo Kabange | 20/07/2023

APRA and ASIC are consulting on the proposed regulator rules, ADI key functions and transitional rules to support the implementation of the new FAR.

Structural Regulation

OECD Proposes Common Approach for Real Estate Information Exchange

By Ranamita Chakraborty | 20/07/2023

OECD recently submitted an updated report analysing the current state of tax transparency regarding foreign-owned real estate and made several recommendations.

Structural Regulation

Korea to Loosen Rules for FIs on Foreign Subsidiary Ownership

By Sanday Chongo Kabange | 20/07/2023

The proposed reforms will enable Korean financial firms to more easily invest in and provide financial support to overseas subsidiaries.

Cryptocurrency

ASIC Cancels FTX Australia’s AFS Licence

By Sanday Chongo Kabange | 20/07/2023

FTX Australia may provide “limited financial services” related to termination of existing derivatives with clients until the end of 12 July 2024.

Structural Regulation

Shanghai, Shenzhen Bourses Tighten Rules on GDR Listings

By Manesh Samtani | 20/07/2023

The new rules are aimed at preventing Chinese investors participating in GDR offerings from exploiting home market price differences.

Market Abuse

Korea: New Rules for CFD Trading to Take Effect from 1 Sept

By Editors | 20/07/2023

Securities firms that conduct CFD trading and brokerage business must submit investor balances to KOFIA on a daily basis.

Conduct, Culture & Accountability

ASIC Issues First Stop Order on Life Insurance Products

By Sanday Chongo Kabange | 20/07/2023

ASIC issued the interim stop order against Clearview Life to protect consumers from acquiring two income protection cover products that may not be consistent with their needs.

Conduct, Culture & Accountability

Korea Forms Taskforce to Draw Up Corporate Governance Guidelines for Banks

By Sanday Chongo Kabange | 20/07/2023

The guidelines will cover CEO appointments, management succession procedures, and evaluation and supporting systems for independent directors.