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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
Thailand’s SEC Proposed to Raise Fees on Futures Trading
By Sanday Chongo Kabange | 15/09/2020
The SEC wants to replace the annual fixed fee charged to the TFEX with a per-contract fee, which could more than triple the cost to the futures bourse.
Trading & Investment
Taiwan Central Bank Denies Ordering Traders to Limit US Dollar Sales
By Sanday Chongo Kabange | 14/09/2020
The central bank said the directions to traders were aimed at facilitating the smooth flow of the local foreign exchange market, and that it respects bid-offer practices in the FX market.
Trading & Investment
SEBI Directs Multi Cap Funds to Raise Exposure to Smaller Stocks
By Sanday Chongo Kabange | 14/09/2020
New guidelines will force multi cap funds to dump large cap stocks in favour of small- and mid-cap stocks by January 2021.
Structural Regulation
Sri Lanka Eases Shareholder Limits on Commercial Banks
By Duruthu E Chandrasekera | 14/09/2020
Multilateral agencies such as the World Bank and IFC can hold up to 20% of a commercial bank. Other firms or institutions can hold up to 15%.
Structural Regulation
Taiwan Banks Urged To Offer Bilingual Financial Services
By Sanday Chongo Kabange | 14/09/2020
The FSC is encouraging all banks to set up bilingual branches and enhance the English proficiency of their staff members as part of its efforts to become a regional financial hub in Asia.
Structural Regulation
Changes to Hong Kong OFC Regime Take Effect Immediately
By Editors | 13/09/2020
Private OFCs are no longer subject to investment restrictions and securities brokers are now eligible to be OFC custodians, among other changes.
Payments & Settlements
HSBC to Scrap More Fees for Hong Kong Retail Customers
By Manesh Samtani | 13/09/2020
A recent sequence of measures to shift to lower-cost, digital-first services for SME and retail customers is largely seen as a response competition from the new virtual banks.
Structural Regulation
ASIC Defers New Fee Disclosure Obligations Two Years to 2022
By Sanday Chongo Kabange | 10/09/2020
Superannuation funds and managed investment scheme issuers will now have until September 2022 to comply with fee and cost disclosure requirements.
Trading & Investment
China NIFC Issues Rules for Anonymous Bond Auctions
By Editors | 10/09/2020
Anonymous bond auctions are typically used to dispose of defaulted bonds at a discount, without the seller having to reveal their identity to the buyer.
Structural Regulation
MAS to Intensify Supervisory Engagement to Drive SORA Transition
By Manesh Samtani | 09/09/2020
In an ABS virtual roundtable, MAS deputy managing director Jacqueline Loh spoke of a three-pillar approach to support a smooth transition from SOR to SORA.
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