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Conduct, Culture & Accountability
India: AMFI Directs Fund Managers to End Remote Work Arrangements
By Editors | 31/05/2022
AMFI’s advisory asks fund managers to end flexibilities that allowed employees to work from their homes by 10 June 2022.
Alternative Markets
Korea to Introduce New Venture Capital Investment Vehicle
By Sanday Chongo Kabange | 30/05/2022
So-called ‘Business Development Companies’ will be listed on the stock market and allowed to invest in and lend to startups and innovative companies.
Payments & Settlements
Myanmar Bans Use of Foreign Currency for Local Payments
By Editors | 30/05/2022
The central bank said the use of foreign currencies in domestic payments could lead to higher demand for dollars and cause exchange rate instability.
Trading & Investment
CSRC, SFC Outline Plans to Include ETFs in Stock Connect
By Manesh Samtani | 30/05/2022
Preparation for formal implementation will take about two months. ETF eligibility criteria have been published by HKEX, SSE and SZSE for consultation.
Structural Regulation
HKMA Directs Banks to Comply with New Rules for Trust Business
By Editors | 29/05/2022
Banks and their subsidiaries have until 1 June 2023 to comply with new regulatory requirements for their trust business and related activities.
Clearing & Post-Trade
HKEX to Launch New IPO Settlement Platform in June 2023
By Editors | 29/05/2022
HKEX will host technical workshops and demonstration sessions in the coming months, and commence FINI user registration and on-boarding in Q4 2022.
Conduct, Culture & Accountability
NZ FMA Issues Record-keeping Guidance for Advice Firms
By Editors | 29/05/2022
The FMA says a robust record keeping practice will enhance confidence in a financial advice provider’s compliance framework.
Structural Regulation
Hong Kong, US to End Mutual Recognition of Accountants
By Editors | 29/05/2022
An agreement could not be reached about a requirement for US accountants to have one year of local experience to practise in Hong Kong.
Trading & Investment
SEBI Issues New Norms to Boost Appeal of ETFs, Index Funds
By Editors | 29/05/2022
ETF managers must appoint at least two market makers. The minimum subscription amount required for new fund offers has been reduced.
Trading & Investment
ASIC Proposes to Extend Retail Ban on Binary Options
By Editors | 29/05/2022
ASIC’s product intervention order is due to expire on 7 October 2022. ASIC proposes to extend it until 1 October 2031.
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