Structural Regulation

Clearing & Post-Trade

FIA Calls for Greater Standardisation in Futures, Options Markets

By Editors | 08/11/2021

FIA recommends forming an independent standards body to start developing standards for trading and clearing of exchange-traded derivatives.

Structural Regulation

HK to Introduce Licensing System for Agents Selling Foreign Property

By Editors | 08/11/2021

Under Hong Kong’s existing regime, estate agents who exclusively sell overseas properties are currently exempt from licensing requirements.

Trading & Investment

Hong Kong to Issue First HONIA Floating Rate Notes

By Manesh Samtani | 08/11/2021

The issuance is aimed at encouraging the private sector to issue similar products and develop of other HONIA-linked instruments.

Structural Regulation

SEC Approves PCAOB Framework for HFCAA Determinations

By Editors | 07/11/2021

The framework sets out how the PCAOB will determine that it is unable to inspect the foreign audit firm of a US listed company and force a delisting.

Conduct, Culture & Accountability

HKMA Issues New Code of Practice for Banks’ Trust Business

By Sanday Chongo Kabange | 07/11/2021

Locally incorporated AIs should ensure their trust subsidiaries comply with the code of practice. Supervisory action may be taken for noncompliance.

Structural Regulation

Philippines Streamlines Bank Merger Application Processes

By Editors | 07/11/2021

A five agency agreement will see documentary requirements cut in half and total processing times reduced from 160 to 55 business days.

Conduct, Culture & Accountability

ASIC to Assume Responsibilities for Financial Advice Industry

By Editors | 07/11/2021

Financial advisers providing personal advice to retail clients have to register with ASIC by 1 January 2023. ASIC will also administer the financial adviser exam.

Data Privacy

Australia Open Banking Regime Reaches New Milestone

By Editors | 07/11/2021

Major banks can enable data sharing for corporate customers and business partnerships. Non-major banks face enforcement action for non-compliance with their data sharing obligations.

Conduct, Culture & Accountability

Australia Tables Final Tranche of Royal Commission-related Bills

By Editors | 06/11/2021

Legislation was introduced to establish the FAR and CSLR. Separate bills were introduced to improve the superannuation system and outcomes for litigation funding participants.