Structural Regulation

Structural Regulation

RBI Announces Phasing-In of LEI for Non-Derivatives Markets

By Editors | 30/11/2018

Entities transacting in government securities, money markets and non-derivative forex markets will be required to have LEI codes, starting with larger firms in April 2019.

Structural Regulation

ASX Consults on Changes to Listing Rules

By Editors | 29/11/2018

The proposals aim to improve market disclosures, simplify the listing rules, increase efficiency in the listing process, and enhance ASX’s powers to monitor and enforce compliance, among other changes.

Trading & Investment

ISDA Releases Preliminary Results on Benchmark Fallbacks Consultation

By Garima Chitkara | 28/11/2018

ISDA will likely look to the ‘compounded setting in arrears rate’ and the ‘historical mean/median approach’ to spread adjustment for RFRs that will replace discontinued IBORs.

Structural Regulation

HKIFA Seeks Loosening of HK-China MRF Restrictions

By Editors | 27/11/2018

The industry association has been working with EY on proposals aimed at making it easier to distribute Hong Kong-based funds into China through the mutual recognition scheme.

Structural Regulation

India’s Large Corporates Mandated to Issue Bonds for Financing

By Editors | 27/11/2018

SEBI’s new framework requires large corporates to raise at least 25% of their financing through debt securities issuances, to reduce reliance on bank funding and boost the bond market.

Market Abuse

Tokyo Bourse to Probe Nissan over Former Chairman’s Alleged Misconduct

By Editors | 27/11/2018

The Tokyo Stock Exchange will examine Nissan’s internal controls and consider punitive penalties including possible delisting, amid allegations of financial misconduct by its former chairman.

Trading & Investment

Malaysia to Allow Diversified Range of ETF Products

By Editors | 27/11/2018

New guidelines seek to boost retail investor participation in the ETF market by facilitating greater product innovation and allowing for the issuance of a more diversified range of ETFs.

Trading & Investment

China Issues Tax Clarification for Foreign Institutional Bond Investors

By Editors | 26/11/2018

From 7 November 2018 until 6 December 2021, foreign institutions are exempt from income and value-added taxes on interest earned from bond investments in China.

Structural Regulation

More Work Required to Remove Legal Barriers to Trade Reporting – FSB

By Garima Chitkara | 22/11/2018

While a number of legal barriers on reporting and accessing of trade data have been removed, some still remain. China’s position on trade data access remains uncertain.