Structural Regulation

Structural Regulation

Hong Kong Empowers FRC as Independent Auditor Oversight Body

By Editors | 18/02/2019

Hong Kong has gazetted an Amendment Ordinance empowering the Financial Reporting Council as an independent oversight body for the HKICPA and auditors of listed companies.

Trading & Investment

CBIRC Green-Lights a Fifth Bank’s Wealth Management Subsidiary

By Editors | 17/02/2019

ICBC has become the 5th bank to receive approval to set up a wealth management subsidiary, through which it can channel WMP funds into the stock market.

Trading & Investment

India Lifts Corporate Bond Investment Cap for FPIs

By Editors | 17/02/2019

The 20% cap limiting exposures to a single corporate entity was aimed at incentivising FPIs to maintain a portfolio of assets, but market feedback indicates it has instead had a contraining effect.

Data Privacy

IOSCO Members, ESMA Can Exchange Information Post-GDPR

By Editors | 15/02/2019

A decision by the European Data Protection Board will enable the continued sharing of information between ESMA and securities regulators outside the EU, in compliance with GDPR.

Trading & Investment

CSRC Seeks to Control Speculation on Shanghai’s New Tech Board

By Editors | 15/02/2019

Amid concerns of volatility when the new board launches, Chinese regulators reportedly convened a meeting with industry participants seeking views on measures to control market hype.

Structural Regulation

SFTR: What Asian Financial Firms Need to Know

By Oliver Williams | 14/02/2019

Firms in Asia need to start preparing for the impacts SFTR will have on the way they manage their information flow when working with European counterparties, says DTCC’s Oliver Williams.

Trading & Investment

China Eases Rules for Expat Stock Incentive Programmes

By Editors | 14/02/2019

New rules from SAFE will allow foreign employees of China-listed companies to invest domestically using funds remitted into the country from overseas.

Structural Regulation

Taiwan FSC Sets Up Panel to Review Internet-only Bank Applications

By Editors | 14/02/2019

The new panel will assess formal applications for internet-only bank licences. Chunghwa Telecom, Waterland Financial and Line Financial are each seeking licences.

Structural Regulation

Tokyo Exchange Mulls Higher Requirements for Top Market Tier

By Editors | 13/02/2019

New standards will be introduced for how companies are included in the First Section, the TSE’s top tier for listed companies, as the exchange seeks to boost market appeal.