Structural Regulation

Cloud & Infrastructure

S. Korea FSC Accepts Nine More Fintech Sandbox Participants

By Editors | 03/05/2019

Nine new fintech firms have been approved to enter the FSC’s regulatory sandbox, bringing the total number of participating firms to 18.

Structural Regulation

CSRC to Roll Back Private Placement Restrictions – Report

By Editors | 03/05/2019

The CSRC is reexamining February 2017 restrictions on private placements, to address difficulties for listed companies in financing debt roll-over, working capital and expansion.

Market Data & Technology

FSB Designates UK Agency as Sole UPI Service Provider

By Editors | 03/05/2019

The Derivatives Service Bureau will be the sole issuer of UPI codes and operate the UPI reference data library, facilitating the use of OTC trade reporting data in assessing systemic risk.

Structural Regulation

New Opening Up Measures Coming ‘Soon’ – CBIRC Chairman

By Editors | 02/05/2019

CBIRC chairman Guo Shuqing says 12 new measures will soon be introduced to further open up China’s financial sector to banks and insurers.

Trading & Investment

HK-China Stock Connect to Include Dual Class Shares from July

By Editors | 02/05/2019

HKEX and the CSRC have agreed to allow listed companies with dual class shares to be included in the southbound Stock Connect trading starting in July.

Structural Regulation

Philippines Allows Foreigners to Serve as Bank Directors, Officers

By Editors | 01/05/2019

The Philippine central bank has amended rules that previously prohibited the election and appointment of foreign nationals as directors and officers of financial institutions in the country.

Market Abuse

UPDATED – NSE Ordered to Pay Disgorgement in Co-Location Case

By Editors | 01/05/2019

NSE will also be prohibited from issuing an IPO and launching new derivatives products for six months. Two former managing directors also found to be guilty.

Trading & Investment

S. Korea Seeks Lower Barriers for Retail Investment in Derivatives

By Editors | 30/04/2019

The KRX seeks to reduce the minimum account size required to open a derivatives trading account, and to ease compulsory training requirements for retail investors.

Conduct, Culture & Accountability

New Zealand Proposes Ways to Improve Banking Conduct, Culture

By Editors | 30/04/2019

The proposed measures will put the consumer at the heart of decision-making and make good outcomes the bottom line, says Commerce and Consumer Affairs Minister Kris Faafoi.