Structural Regulation

Trading & Investment

SEBI Proposes New Rules to Protect REIT, InvIT Investors

By Editors | 24/02/2023

SEBI proposes to require at least one sponsor to hold units throughout the life of a REIT/InvITs, to align their interests with other unitholders.

Payments & Settlements

FSB, CPMI Seek Nominations for Cross-border Payments Task Forces

By Editors | 24/02/2023

The FSB and CPMI are inviting firms to nominate senior representatives to two separate task forces that will focus on enhancing cross-border payments.

Conduct, Culture & Accountability

MAS Finalises New Corporate Finance Due Diligence Standards

By Editors | 24/02/2023

From 1 October 2023, corporate finance advisers will have to meet new minimum standards when conducting due diligence on transactions.

Market Data & Technology

DSB Announces Launch Dates for UPI Service

By Editors | 24/02/2023

The UPI UAT environment and a client onboarding and support platform will be available from 17 April, and the UPI production environment from 16 October.

Clearing & Post-Trade

ASIC Directs ASX to Produce ‘Special Reports’ on CHESS System

By Sanday Chongo Kabange | 23/02/2023

The reports will help ensure ASX is adequately addressing findings from an external review, and whether any further regulatory action is warranted.

Alternative Markets

China Encourages Establishment of Property-focused PE Funds

By Editors | 22/02/2023

The pilot programme is aimed at boosting liquidity in the property sector. The CSRC is encouraging participation from foreign investors.

Conduct, Culture & Accountability

NZ FMA Drafts New Conduct Guidance for Financial Products Sales

By Sanday Chongo Kabange | 22/02/2023

The draft guidance covers any situation where an intermediary is involved in the distribution of a financial institution’s products or services.

Data Privacy

Chinese SOEs Being Asked to Stop Using Big Four Auditors

By Editors | 22/02/2023

Chinese SOEs are being asked to allow their contracts with the big four audit firms to expire and use local accountants instead.

Trading & Investment

Beijing Stock Exchange Launches Market Making Business

By Editors | 21/02/2023

13 firms will participate in market making activities for 36 stocks. Two other authorised market makers are still engaged in preparatory work.