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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
Singapore Raises Salary Requirement for Financial Sector Work Visa
By Manesh Samtani | 27/08/2020
MAS officials have recently said protecting Singaporean jobs was a “top priority” and that financial sector employers must “commit to growing the local talent pool”.
Structural Regulation
CSRC Offers to Allow PCAOB to Inspect State-owned Entities – Report
By Editors | 27/08/2020
The CSRC proposes to allow the PCAOB to choose any Chinese state-owned enterprises for trial inspections, though information related to national security would be redacted.
Trading & Investment
Korea to Extend Short Selling Ban Six More Months
By Manesh Samtani | 27/08/2020
During the six-month extension, the FSC plans to strengthen penalties for illegal short-selling and improve retail investor access to stock short sales.
Trading & Investment
Philippines Issues Rules on New Investment Vehicle for Corporate Debt
By Editors | 26/08/2020
Corporate Debt Vehicles can issue securities to invest in bonds, notes or commercial papers issued by large corporations and medium-sized enterprises.
Structural Regulation
ASIC Allows ‘Frozen Funds’ to Pay Out Hardship Relief to Members
By Editors | 26/08/2020
The hardship relief will make it easier for responsible entities of frozen funds to enable withdrawals by investors suffering hardship, says ASIC’s Karen Chester.
Structural Regulation
New P2P Lending Legislation Takes Effect in Korea
By Editors | 26/08/2020
Under the law, P2P lenders must meet new capital requirements and be registered with the FSC. Consumer protection is also enhanced.
Structural Regulation
ASIC Issues Guidance on Use of Enhanced Regulatory Sandbox
By Manesh Samtani | 25/08/2020
The enhanced regulatory sandbox will commence on 1 September, following legislative amendments passed in February and subsequent regulations made in May.
Structural Regulation
ISDA Calls for Global Alignment in UPI, UTI Implementation
By Manesh Samtani | 25/08/2020
ISDA is urging the FSB to “intensify monitoring and coordination of jurisdictional alignment” to the global UTI, UPI and CDE recommendations.
Structural Regulation
APRA Consults on Changes to EFS Reporting Standards
By Sanday Chongo Kabange | 25/08/2020
The consultation is open for comment until 25 September. The changes are proposed to be effective for the reporting period ending June 2021.
Trading & Investment
SZSE’s ChiNext Debuts First 18 Listings Under New IPO System
By Manesh Samtani | 24/08/2020
18 companies rose by 212 percent on average on their first day of trading, with one company rising more than 2,900 percent during the day.
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