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Reporting on regulatory frameworks and rules governing market design, authorisation, and oversight of key financial market participants and infrastructures.
Clearing & Post-Trade
Malaysia Consults on Migration to Scripless Securities Market
By Editors | 17/04/2019
Bursa Malaysia has issued new rule amendments to facilitate a move towards paperless record keeping and certificate issuance for the securities market.
Conduct, Culture & Accountability
Citigroup Australia to Refund Customers for Complex Product Losses
By Editors | 16/04/2019
The A$3mn compensation programme follows an ASIC investigation which found that 114 retail investors lost money from investing in complex products based on improper advice.
Structural Regulation
Beijing Municipal Government Seeks QDII, RQDII Expansion
By Editors | 15/04/2019
Beijing vice mayor Yin Yong says securities firms, fund managers and futures trading firms should be able to to invest outside China through the QDII and RQDII schemes.
Trading & Investment
ASIC Warns OTC Derivatives Platforms on Overseas Services
By Editors | 12/04/2019
OTC derivatives platforms offering services to foreign retail investors may be breaking overseas laws, which may be inconsistent with local obligations to provide services ‘efficiently, honestly and fairly’.
Structural Regulation
US SEC Recognises NZX as Designated Offshore Market
By Editors | 11/04/2019
NZX participants will no longer be required to maintain a reasonable belief that clients are non-US domiciled persons in order to trade on their behalf.
Structural Regulation
HKMA Grants Fourth Virtual Bank Licence to WeLab Digital
By Editors | 11/04/2019
The HKMA has granted a fourth virtual bank licence to WeLab Digital, the first stand-alone company to receive the licence.
Structural Regulation
Taiwan Raises Max Penalty for Unauthorised Investments from China
By Editors | 11/04/2019
Taiwan has passed a legislative amendment raising the ceiling for fines against Chinese investment into local companies without authorisation.
Trading & Investment
China Expands Retail Access to Government Bonds
By Editors | 10/04/2019
With the government bond market now open to retail investors, China is relaxing a restriction that only allowed bond-buying during the first 10 days of the month.
Conduct, Culture & Accountability
New Zealand Financial Services Bill Puts Client Interests First
By Editors | 10/04/2019
New Zealand has passed new legislation enabling a new framework for regulating financial advice. The new regime will come into effect in the first half of 2020.
Payments & Settlements
RBI to Unify Complaints Handling for Digital Payments
By Editors | 10/04/2019
The RBI plans to speed up customer complaint processing and redressal times across all domestic payment platforms by end-June.
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