Structural Regulation

Trading & Investment

SEBI Forms Municipal Bonds Development Committee

By Editors | 18/02/2020

The committee will advise on regulation to develop the primary and secondary markets for municipal bonds.

Structural Regulation

SEBI Bars Portfolio Managers from Charging Upfront Fees

By Editors | 18/02/2020

SEBI has barred portfolio managers from charging upfront fees from clients and imposed caps on annual management fees and exit loads.

Structural Regulation

ESMA Seeks BMR Exemptions for Noncritical, Third-country Benchmarks

By Manesh Samtani | 18/02/2020

ESMA says BMR’s wide scope has led to an unintended consequence whereby third-country benchmarks are not incentivised to keep providing their benchmarks in the EU.

Cloud & Infrastructure

SEBI Approves Live Sandbox Testing for Regulated Entities

By Editors | 18/02/2020

SEBI-registered entities can test new products, services and business models on a limited set of customers, for a specified period of time, with certain regulatory relaxations.

Clearing & Post-Trade

CCP12 Highlights Remaining Transparency Issues in OTC Derivatives

By Editors | 17/02/2020

A new CCP12 paper highlights a lack of transparency in the amount of collateral posted in bilateral markets, which is needed to more accurately assess liquidity requirements and latent risks.

Conduct, Culture & Accountability

MAS Issues Guidance on Investment Suitability, Pricing in Private Banking

By Editors | 17/02/2020

MAS looks to private banks’ boards and senior management to ensure the effectiveness of policies, processes, controls and systems in sales and advisory practices, and to shape the staff behaviour.

Supervision & Enforcement

HK SFC Fines Wealth Manager for Noncompliance with Taiwan Laws

By Editors | 17/02/2020

Capital Global Management Limited was distributing offshore investment funds and offering investment advice in Taiwan despite not being authorised by Taiwan’s regulator.

Structural Regulation

CSRC Loosens Rules on New Fundraising by Listed Firms

By Editors | 15/02/2020

The CSRC has relaxed pricing and lock-up restrictions to incentivise listed companies to raise new funding from strategic investors through non-public offerings.

Payments & Settlements

Vietnam Scraps Proposed Foreign Ownership Cap for Payments Firms

By Editors | 14/02/2020

The SBV says the 49% foreign ownership limit proposed last November would hamper foreign investment in payments and fintech, and present difficulties for existing players.