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Reporting on regulatory frameworks and rules governing market design, authorisation, and oversight of key financial market participants and infrastructures.
Structural Regulation
Hong Kong FRC to Increase Public Disclosures on Investigations
By Editors | 28/11/2021
The Financial Reporting Council will increasingly disclose its investigations when cases involve high public interest.
Trading & Investment
Tax Incentives Prompt Raft of IPO Listings in Sri Lanka
By Duruthu E Chandrasekera | 27/11/2021
Companies will be able to maintain a reduced corporate tax rate for three years after listing. The CSE’s listing framework was also revamped earlier this year.
Structural Regulation
ACCC Approves NAB Acquisition of Citi Consumer Business
By Editors | 26/11/2021
In its review, which focused on competition in the supply of credit cards, the ACCC found that the transaction “would not substantially lessen competition”.
Trading & Investment
ASIC Imposes Licence Conditions on ASX Over 2020 Outage
By Sanday Chongo Kabange | 26/11/2021
ASIC wants market participants to be able to re-route trades to alternative venues such as Chi-X in the event of a future market outage.
Structural Regulation
SEBI Relaxes Rule on Daily Fines for Disclosure Violations
By Sanday Chongo Kabange | 25/11/2021
Stock exchanges may choose not to impose daily fines on companies for non-compliance with disclosure obligations if investors are not adversely affected.
KYC & CDD
MAS Proposes Amendments to the Business Trusts Act
By Editors | 25/11/2021
Business trusts will have to obtain and maintain information on beneficial ownership and disclose their CEOs’ interests in transactions.
Trading & Investment
SEBI Defers Implementation of New Margin Requirements
By Editors | 24/11/2021
New rules that require investors to have 50 percent of their margins in cash to trade in futures and options have been deferred to 28 February.
Trading & Investment
GBA Wealth Connect Pilot Records ¥200m in Transactions
By Sanday Chongo Kabange | 24/11/2021
Net investment via Wealth Connect has exceeded CNY 200 million so far, with participation from around 11,500 retail investors.
Structural Regulation
Philippine SEC Issues Draft Rules for Online Lenders, Fintechs
By Mark Johnston | 24/11/2021
The SEC is seeking a greater degree of regulatory oversight for fintech firms and digital lenders to address “abusive and predatory practices”.
Structural Regulation
SEBI Issues New Disclosure Rules for Related-Party Transactions
By Sanday Chongo Kabange | 24/11/2021
Listed companies will have to submit information on related-party transactions to stock exchanges every six months and secure shareholder approval.
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