Structural Regulation

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

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    Conduct, Culture & Accountability

    FMA Starts Accepting Licence Applications Under CoFI Regime

    By Ranamita Chakraborty | 26/07/2023

    The FMA urges firms to prepare their applications “as early as possible” to ensure they can continue providing services after 31 March 2025.

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    Payments & Settlements

    Sri Lanka Designates Indian Rupee as Permitted Currency

    By Duruthu E Chandrasekera | 25/07/2023

    Travellers from India will be able to directly use INR in Sri Lanka. Trade settlements between the two countries can also occur in INR.

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    Structural Regulation

    What Asset Managers Should Know About China’s New Rules for Private Funds

    By Melody Yang | 25/07/2023

    Melody Yang and YuYing Wang discuss the impact to global asset managers who are raising funds from Chinese investors or establishing private funds onshore.

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    Trading & Investment

    Mainland Investors Cut Off from Using Northbound Stock Connect

    By Manesh Samtani | 25/07/2023

    As of 25 July, exchange participants are not allowed to register new BCANs for clients who are Mainland investors.

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    Trading & Investment

    Enhancements to Wealth Connect, Bond Connect Coming ‘Soon’

    By Editors | 25/07/2023

    Regulators to include more products in Wealth Connect and southbound Bond Connect, while allowing more investors to participate.

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    Payments & Settlements

    China Issues Draft Rules to Boost Cross-Border Trade and Investment

    By Editors | 25/07/2023

    China’s foreign exchange regulator, SAFE, proposes draft rules to advance cross-border trade, calling for public input until 2 August 2023.

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    Market Abuse

    CSRC Issues Rules on Short-term Stock Trading by Company Insiders

    By Editors | 25/07/2023

    The rules apply to major shareholders, directors, supervisors, and senior managers of listed companies, as well as their spouses, parents, and children.

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    Emerging Prudential Risks

    Sri Lanka Approves New Central Bank Act

    By Duruthu E Chandrasekera | 24/07/2023

    A separate governing board will be formed in addition to the monetary policy board to improve bank oversight and reduce conflicts of interest.

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    Payments & Settlements

    India, Sri Lanka Sign UPI Acceptance Agreement

    By Editors | 24/07/2023

    India and Sri Lanka signed a network-to-network agreement to enable UPI acceptance in Sri Lanka.

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    Structural Regulation

    China to Loosen Rules on Foreign Investment in Asset Management Firms

    By Editors | 24/07/2023

    The draft rules will relax regulations on foreign investment in asset management businesses as part of a drive to attract more overseas investors.

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