Structural Regulation

Trading & Investment

Shanghai Bourse Lists First ETF Tracking French Stocks

By Editors | 15/06/2020

The listing of the new ETF represents the culmination of the SSE’s capital markets cooperation with Euronext, following an MOU signed in October 2018.

Structural Regulation

RBI Reassesses Ownership, Control, Governance at Private Sector Banks

By Editors | 15/06/2020

The RBI has released a discussion paper proposing reforms to improve bank governance, and has formed a working group to review rules on private sector bank ownership and control.

Structural Regulation

China Finalises New IPO Rules Shenzhen’s ChiNext Board

By Editors | 15/06/2020

Under the new market-based IPO pricing system, companies seeking a ChiNext listing will have to abide by stricter information disclosure rules, but will no longer require CSRC approval.

Clearing & Post-Trade

EC Proposes Simplified Approach to Supervising Non-EU CCPs

By Editors | 14/06/2020

Under the new approach, third-country CCPs that are not deemed systemically important will only be subject to basic ESMA supervision, relying on ‘comparable compliance’.

Trading & Investment

CSRC Green-lights Trading in Six New Commodity Options Contracts

By Editors | 14/06/2020

The ZCE will launch trading steam coal options; the DCE will launch polypropylene, PVC and LLDPE options; and the SHFE will launch aluminum and zinc options.

Payments & Settlements

PBOC Grants Bank Card Clearing Licence to Amex JV

By Editors | 14/06/2020

American Express has become the first foreign company to receive a network clearing licence in China, which will allow it to compete with Tencent, Alipay and China UnionPay for market share.

Conduct, Culture & Accountability

New Zealand’s New Conduct Regime Not Adequately Developed

By Editors | 13/06/2020

The bill to introduce a new conduct regime in New Zealand is not yet adequately developed, say Consumer New Zealand, the NZBA, and the Financial Services Council.

Structural Regulation

Taiwan Fintechs to Gain Access to Canada’s Securities Sandbox

By Editors | 12/06/2020

The CSA sandbox allows firms to obtain exemptive relief from securities law requirements to test new products and services in the Canadian market on a time-limited basis.

Conduct, Culture & Accountability

FMSB Offers Guidance on LIBOR Transition Conduct Risks

By Editors | 11/06/2020

Uncertainties associated with the transition may make it harder for firms to identify how to treat their customers fairly, and to demonstrate that they have done so, the FMSB says.