Structural Regulation

Conduct, Culture & Accountability

ASIC Approves Updated Banking Code of Practice

By Editors | 01/07/2019

ASIC is assessing changes to the Code proposed by the ABA in two stages, the first of which has been approved and is reflected in the latest version which took effect on 1 July.

Clearing & Post-Trade

Hong Kong Finalises List of FSPs Under Clearing Obligation

By Editors | 01/07/2019

The list of Financial Services Providers identifies major dealers outside Hong Kong that are under the clearing obligation.

Structural Regulation

SEBI Approves Tighter Norms for Mutual Funds

By Editors | 01/07/2019

At its latest board meeting, SEBI approved tighter norms for mutual funds and pledged shares, while also approving a new framework for shares with differential voting rights.

Structural Regulation

MAS to Issue Up to Five Digital Bank Licences

By Editors | 01/07/2019

The initiative effectively extends digital bank licences to non-bank players, as existing banking groups in Singapore already have a framework for setting up digital bank subsidiaries.

Structural Regulation

ASIC Proposes New Rules for Market Operators, Participants

By Editors | 30/06/2019

The proposals seek to ensure resilience of critical systems, reliability of outsourced services, and appropriate management of cyber and data security risks, among other requirements.

Trading & Investment

RBI Issues Consolidated Directions for Interest Rate Derivatives

By Editors | 28/06/2019

Under the new directions, stock exchanges and OTC market-makers have been given the flexibility to design and structure IRD products tailored to the needs of market participants.

Structural Regulation

JBA Responds to Hong Kong OTC Derivatives Consultation

By Editors | 28/06/2019

The Japanese Bankers Association asks the HKMA and SFC to develop rules that automatically assign the UTI generation responsibility, rather than rely on bilateral agreement between counterparties.

Structural Regulation

S. Korea to Ease Rules for Brokerage, Asset Management Sectors

By Editors | 28/06/2019

The FSC is trying to spur competition in the capital market, and encourage the establishment of new brokerages. Only six new brokerages have been set up in Korea since 2010.

Trading & Investment

China-Japan Cross-Border ETFs Start Trading

By Editors | 28/06/2019

Eight new cross-border ETFs have started trading on the Shanghai and Tokyo stock exchanges, just days after FTSE Russell started including China A shares in its indexes.