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Reporting on regulatory frameworks and rules governing market design, authorisation, and oversight of key financial market participants and infrastructures.

Trading & Investment
New Zealand FMA Proposes New Rules for Derivatives Issuers
By Sanday Chongo Kabange | 12/06/2024
The FMA proposes to limit the amount of leverage that derivative issuers can offer, and to require them to conduct suitability checks.

Trading & Investment
China: Stock Exchanges Issue New Programme Trading Rules
By Mark Johnston | 12/06/2024
HFT will be subject to differentiated fees based on indicators such as the number and frequency of orders submitted and withdrawn.

Conduct, Culture & Accountability
Australia Consults on Draft Regulations for Financial Advice Reforms
By Sanday Chongo Kabange | 12/06/2024
The consultation proposes regulations to support the delivery of the first tranche of reforms to increase access to affordable financial advice.

Trading & Investment
HSBC Agrees to Raise Stake in China Fund Venture
By Editors | 11/06/2024
HSBC will raise its stake in HSBC Jintrust Fund Management from 49 to 80 percent, subject to regulatory approval.

Trading & Investment
HSBC Completes Acquisition of Citi’s China Wealth Business
By Editors | 11/06/2024
HSBC has completed the acquisition of Citigroup’s mainland retail wealth management portfolio, a deal that was announced last October.

Alternative Markets
RBI Relaxes Rules on Investment in Overseas Funds
By Ajoy K Das | 11/06/2024
The amendments allow investment in funds whose managers are regulated, rather than the fund itself, such as in Singapore and the US.

Payments & Settlements
India, Peru Sign Agreement to Develop Instant Payments
By Ajoy K Das | 10/06/2024
NPCI’s international arm signed an agreement with Peru’s central bank to develop a fast payment system similar to India’s UPI.

Trading & Investment
HKEX Targets September for Severe Weather Trading Launch
By Editors | 10/06/2024
HKEX is working to finalise the severe weather trading model and has set an internal target for implementation in September.

Market Abuse
SEBI Issues Penalties Framework for MII Surveillance Lapses
By Ajoy K Das | 10/06/2024
SEBI will impose penalties for surveillance-related lapses based on annual turnover and the number of lapses during a financial year.

Trading & Investment
SEBI Proposes Tighter Rules for Stock Derivatives
By Ajoy K Das | 08/06/2024
SEBI proposes to adjust the market parameters for eligibility to ensure that only high-quality stocks are eligible.
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