ADVERTISEMENT
Reporting on regulatory frameworks and rules governing market design, authorisation, and oversight of key financial market participants and infrastructures.
Structural Regulation
FMA Sets Target Dates for Financial Advice Licensing
By Editors | 19/10/2021
Transitional licences under the new financial advice regime will expire on 16 March 2023. Providers are asked to apply for full licences ahead of time.
Conduct, Culture & Accountability
NZ FMA Censures Jarden Securities for Client Money Breaches
By Editors | 19/10/2021
OM Financial, which amalgamated with Jarden in March 2021, transfered its own money into the trust account designated to hold investor money.
Trading & Investment
19 Hong Kong Banks Approved to Participate in Wealth Connect
By Manesh Samtani | 19/10/2021
Citibank, Hang Seng Bank, HSBC, ICBC, and Standard Chartered are among those that will participate in both the southbound and northbound schemes.
Trading & Investment
ASIC Seeks Extension of CFD Product Intervention Order to 2031
By Sanday Chongo Kabange | 18/10/2021
ASIC says there were 45 percent fewer loss-making retail client accounts and losses were smaller as a result of its October 2020 product intervention order.
Trading & Investment
Tokyo Stock Exchange Plans to Extend Trading Hours – Report
By Editors | 18/10/2021
Japan’s trading day runs for just five hours each day, an outlier among major markets. The bourse will reportedly propose a 30-minute extension.
Trading & Investment
HKEX Launches First China A-Share Futures Contract
By Editors | 18/10/2021
The contract is based on the MSCI China A 50 Connect Index, which tracks the performance of 50 key Shanghai and Shenzhen stocks available via Stock Connect.
Structural Regulation
Goldman Approved to Take Full Ownership of China Securities Unit
By Editors | 18/10/2021
Goldman Sachs becomes just the second US bank to gain full ownership of its Chinese entity, after JP Morgan in August.
Trading & Investment
China Set to Open More Derivatives to Foreign Investors
By Editors | 18/10/2021
Qualified foreign investors will be able to trade commodity futures, commodity options, and stock index options from 1 November.
Clearing & Post-Trade
ICMA Launches Initiative to Standardise Repo Documentation
By Editors | 17/10/2021
ICMA will work to develop an industry-wide taxonomy and clause library for repo trade documentation to improve efficiency in debt markets.
Conduct, Culture & Accountability
FMA Finalises Guidance on Advertising of Financial Products
By Sanday Chongo Kabange | 17/10/2021
The FMA will take action against false, misleading, deceptive or confusing advertising, depending on the severity and level of misconduct.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.