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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
SFC Strengthens Protections for Client Assets Held by AIs
By Editors | 09/07/2019
Intermediaries and AIs must sign an acknowledgement letter making clear that assets held in designated client asset accounts are protected from recourse.
Structural Regulation
India Proposes Additional GIFT City Tax Incentives
By Editors | 08/07/2019
Existing tax incentives have been extended to 10 years from 5 years. New exemptions for dividend distribution tax and alternate investment funds also proposed.
Trading & Investment
SSE STAR Market to Start Trading on 22 July
By Editors | 08/07/2019
The Shanghai Stock Exchange has said the first batch of listings on the new science and technology innovation board will start trading on 22 July.
Trading & Investment
Philippine SEC Drafts Framework for Cross-border Publication of Research
By Editors | 08/07/2019
Under the draft framework, capital market professionals authorised by the SEC can issue research reports in ASEAN countries that are MoU signatories: Malaysia, Singapore and Thailand.
Structural Regulation
ASIC Updates Assessment Procedures for AFS Licence Applicants
By Editors | 08/07/2019
Licence applicants are now required to provide certain additional information and documents in their application to allow ASIC to ensure responsible officers are of good fame or character.
Trading & Investment
China to Launch New Futures Contracts
By Editors | 08/07/2019
China will launch futures contracts in urea, rubber and glutinous rice, and potentially stainless steel futures later in the year.
Trading & Investment
HKEX to Expand Closing Auction Session to All Equities, Funds
By Editors | 08/07/2019
The expansion will help improve trading liquidity at close, simplifying operations of market participants, and standardise closing times for equities.
Structural Regulation
China to Resume Approvals for Domestically Funded Securities Firms
By Editors | 07/07/2019
All newly approved brokerages since 2008 have been joint ventures between domestic and foreign investors. But market access should also be broadened to domestic investors, the CSRC says.
Trading & Investment
China to Trial Discretionary Control for Investment Advisers
By Editors | 06/07/2019
Participating companies will be allowed to take full discretionary control of their clients’ investments, and charge fees based on AUM and performance.
Structural Regulation
JPMorgan, Morgan Stanley to Take Control of China JVs
By Editors | 06/07/2019
JPMorgan is likely to become the first foreign firm to gain a controlling stake in an asset management joint venture in China, while Morgan Stanley may soon control its China securities unit.
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