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Reporting on regulatory frameworks and rules governing market design, authorisation, and oversight of key financial market participants and infrastructures.
Payments & Settlements
ACCC Highlights Improved Price Transparency on FX Conversions
By Editors | 17/06/2020
An ACCC review last year found that a lack of pricing transparency forced consumers to rely on the more expensive big four banks for FX conversion and international money transfers.
Clearing & Post-Trade
Eurex Clears its First Interest Rate Swaps from Japan
By Editors | 17/06/2020
The FSA granted Eurex Clearing a licence as a foreign financial instruments clearing organisation in March, allowing it to offer clearing services in Japan.
Conduct, Culture & Accountability
FMA Sets Out Full Licence Conditions for NZ Financial Advisers
By Editors | 17/06/2020
In a consultation paper, the FMA specifies three distinct classes of financial advice provider licences, to allow applicants to apply for the licence that best suits their circumstances and business structures.
Trading & Investment
FSC Korea to Enhance Regulatory Framework for Crowdfunding
By Editors | 17/06/2020
SMEs will be allowed to raise funds through crowdfunding platforms, and the capital raising limit will be raised, among other enhancements to the existing framework.
Conduct, Culture & Accountability
ASIC Directs Investment Funds to Correct False Advertising
By Editors | 16/06/2020
Investment funds were falsely being promoted as having little or no risk of capital loss, where higher returns were highlighted without adequate disclosures of risk.
Structural Regulation
CSRC to Ease Rules for Major Shareholders of Securities Firms
By Editors | 16/06/2020
The profitability, net assets and experience requirements will be relaxed for major shareholders of securities companies.
Structural Regulation
Best Practice for Tackling Shareholder Disclosure Rules
By Daniel Flatt | 16/06/2020
As regulators seek ways to protect domestic assets during this economic downturn, experts from Deloitte, BlackRock and AxiomSL outlined common-sense advice on how to handle rapid regulatory change.
Conduct, Culture & Accountability
ASIC Imposes Licence Conditions on Societe Generale Securities
By Editors | 16/06/2020
Societe Generale Securities Australia self-reported to ASIC that it deposited client money into unauthorised bank accounts.
Alternative Markets
HKMA to Select Managers for New Growth Portfolio by H2 – Report
By Editors | 15/06/2020
The sovereign growth portfolio will invest in Hong Kong-specific projects, aimed at lifting the city’s competitiveness in financial services, commerce, aviation, logistics and innovation.
Supervision & Enforcement
ASIC Expects Higher Industry Levies for 2019-20
By Editors | 15/06/2020
The two biggest levy components are enforcement and surveillance which are 27% and 47% higher year-on-year, respectively.
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