Structural Regulation

Trading & Investment

SEBI Issues Disclosure Guidelines for Listed Debt Securities

By Editors | 29/05/2019

SEBI requires debenture trustees to continuously disclose the status of interest and redemption payments, meaning that any default or delay of payment will be disclosed within a day of the due date.

Trading & Investment

ISDA Proposes Further Definition Changes to Improve CDS Market

By Editors | 29/05/2019

The new proposal will amend the definition of “Outstanding Principal Balance”, which determines the principal amount of a bond or loan that must be delivered to physically settle a CDS contract.

Trading & Investment

HKEX Launches First 2x Inverse ETF

By Editors | 29/05/2019

In its three year strategic plan unveiled earlier this year, HKEX said it would work to become a hub for the issuance and trading of ETFs in Asia.

Trading & Investment

India Opens Voluntary Retention Route for FPIs

By Editors | 28/05/2019

The revised VRR scheme is open for allotment as of 27 May, allowing FPIs to invest in government securities and corporate debt up to an aggregate limit of $7.8bn.

Structural Regulation

Hong Kong, China Agree to Cooperate on Audit Regulation

By Editors | 28/05/2019

Hong Kong’s Financial Reporting Council will be able to access audit papers located in the mainland “through an effective mechanism and clear procedures”.

Payments & Settlements

Decline in Correspondent Banking is Universal – CPMI

By Editors | 28/05/2019

Over the last seven years, active relationships in the global correspondent banking network have declined by about 20%, and the number of active corridors has fallen by roughly 10%.

Structural Regulation

S. Korea FSC Rejects Remaining Internet-Only Bank Applicants

By Editors | 27/05/2019

The FSC will accept applications again during Q3 this year. Kiwoom Bank and Toss Bank can address their shortcomings and resubmit their applications.

Structural Regulation

HK to Suspend Stocks on Disclaimer, Adverse Audit Opinions

By Editors | 27/05/2019

Trading in a Hong Kong listed company will be suspended if the auditor issues a disclaimer or adverse opinion for any financial year commencing on or after 1 September 2019.

Trading & Investment

Sino-Japan ETF Connect Launched; Six Cross-Border ETFs Approved

By Editors | 27/05/2019

The announcement follows an ETF Connectivity Agreement signed by JPX and the SSE last month, where both agreed to establish an system for cross-listings of ETFs.