Markets & Infrastructure

Structural Regulation

First Mainboard Stocks List in China Under New IPO System

By Editors | 11/04/2023

At a listing ceremony on Monday, CSRC chairman Yi Huiman said the reforms mean regulators “no longer pass judgment” on a firm’s investability or value.

KYC & CDD

US State Regulators Fine Robinhood for Causing Investor Harm

By Editors | 11/04/2023

Robinhood disseminated inaccurate information to customers and did not have a reasonably designed customer identification programme, among other failures.

Structural Regulation

UK FCA Outlines Next One Year of Work to Improve Markets

By Editors | 11/04/2023

The FCA will propose reforms to the listing regime, consult on the introduction of consolidated tapes, and strengthen its authorisation and assessment processes.

Structural Regulation

Taiwan Internet-only Insurance Applicants Fail to Win Approval

By Editors | 10/04/2023

Formosa Property Insurance was rejected in December. CTBC Insurance was not sufficiently innovative or differentiated from other existing products.

Data Privacy

ACCC Warns of Penalties for Poor Quality Open Banking Data

By Editors | 10/04/2023

Enforcement efforts will be focused on issues involving the quality of product reference data such as incorrect interest rates and missing data.

Clearing & Post-Trade

Taiwan, Canadian Regulators Cross-border Clearing MoU

By Editors | 10/04/2023

The MoU supports TAIFEX’s application for recognition as an exempted clearing agency in Ontario, which will enable Canadian FIs to use its clearing service.

Trading & Investment

Final Rules for Swap Connect Agreed by Authorities – Report

By Manesh Samtani | 10/04/2023

Swap Connect could start trading by June if not sooner. Mainland treasury bond futures may also become accessible from Hong Kong.

Structural Regulation

Australia Proposes to Improve Superannuation Performance Test

By Editors | 09/04/2023

A review of the YFYS reforms that commenced in September found that the performance can encourage short-termism and discourage.

Trading & Investment

RBI to Permit Local Users to Access Onshore NDF Market

By Editors | 09/04/2023

The move is intended to further deepen the forex market in India and provide residents with greater hedging flexibility, RBI governor Shaktikanta Das said.