Structural Regulation

Structural Regulation

SFC Imposes Tougher Requirements for ILAS Products

By Manesh Samtani | 04/11/2021

ILAS products should be designed fairly and deliver fair outcomes. Issuers should lower surrender charges. Product features should not be unduly complex.

Structural Regulation

S. Korea to Relax Reporting Rules for FIs Investing Overseas

By Editors | 04/11/2021

The proposed rule changes seek to ease the reporting burden faced by financial firms with business operations and investments in overseas markets.

Structural Regulation

DSB Seeks Feedback on Legal Framework for UPI Service

By Editors | 04/11/2021

The Derivatives Service Bureau proposes to use a single overarching legal agreement for users subscribing to OTC ISIN and UPI Services.

Trading & Investment

MAS Proposes to Ease Retail Investor Access to Funds

By Manesh Samtani | 04/11/2021

Under the changes, only a small group of more complex CIS would continue to be considered complex products and subject to additional disclosure requirements.

Structural Regulation

Hong Kong Ends Quarantine Exemptions for Senior Finance Execs

By Editors | 03/11/2021

Listed company directors and senior financial industry executives will no longer be able to skip hotel quarantine procedures upon entry into Hong Kong.

Structural Regulation

Japan Unifies Licensing System for Financial Services

By Editors | 03/11/2021

The change will allow agents of financial service firms to sell financial products such as loans, investments and insurance under a single license.

Structural Regulation

Hong Kong FSDC Declares Support for Proposed SPAC Regime

By Manesh Samtani | 03/11/2021

The FSDC says requiring SPAC shares and warrants to be distributed to at least 75 professional investors could present an “unnecessarily high threshold”.

Structural Regulation

China: Regulatory Crackdown on Internet Platforms Not Yet Complete

By Darien Choong | 02/11/2021

About half China’s major Internet platforms have implemented plans to restructure their financial businesses. More progress is expected by year-end.

Structural Regulation

CSRC Publishes Final Rules for Beijing Stock Exchange

By Editors | 02/11/2021

The final rules for a new stock exchange in Beijing dedicated to SMEs will take effect on 15 November, which could also be the day the exchange launches.