Structural Regulation

Payments & Settlements

BSP Streamlines Rules for Payment System Operators

By Editors | 03/10/2019

The Philippine central bank has simplified the registration process for payment system operators, and created a new consolidated manual of regulations to facilitate compliance.

Structural Regulation

IOSCO Publishes Updates on MMF, Securitisation Regulation

By Editors | 03/10/2019

The reports describe progress by IOSCO members to adopt legislation, regulation and other policies covering MMF and securitisation, considered priority reform areas by the G20.

Structural Regulation

Australia Commissions Review of Retirement Income System

By Editors | 02/10/2019

The review has sparked concerns about whether superannuation could be made voluntary, amid guarantee increases until 2025 that may end up squeezing workers’ wages.

Payments & Settlements

First Foreign Firm Approved to Enter China Payments Market

By Editors | 01/10/2019

The PBOC has approved PayPal’s acquisition of a majority stake in domestic payments firm Gopay, giving it access to various domestic payments licences.

Structural Regulation

EU Equivalence Needed on Cross-Border Intragroup Transactions

By Editors | 01/10/2019

ISDA and EU banking associations are calling for equivalence decisions to be prioritised for Australia, Hong Kong, Singapore and South Korea, among others.

Trading & Investment

Korea FSC Offers New Channels for Venture Capital Investment

By Editors | 01/10/2019

Securities, asset management and venture capital firms can obtain a license to operate a fund which raises capital from investors to list on the KRX and invests in unlisted companies.

Anti-Bribery & Corruption

Malaysia Proposes Anti-Corruption Measures for Listed Companies

By Editors | 30/09/2019

The consultation also proposes amendments to facilitate the electronic performance of corporate actions by securities holders.

Structural Regulation

Hong Kong to Regulate Fund Trustees, Custodians

By Editors | 30/09/2019

Fund trustees and custodians in Hong Kong are not subject to any licensing regime or ongoing supervision. The SFC proposes to regulate them under a new type of regulated activity, RA 13.

Trading & Investment

SGX to Introduce Price Collars for Auction Mechanism

By Editors | 30/09/2019

The price limits will prevent order matching beyond a certain range of the last traded price for the securities market’s opening, mid-day and closing auction routines.