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Reporting on regulatory frameworks and rules governing market design, authorisation, and oversight of key financial market participants and infrastructures.
Structural Regulation
Shift from London Financial Centre Gains Pace
By Peter Guy | 12/07/2018
With nine months to go before Britain’s scheduled exit from the EU, the effects of Brexit are largely unknown and will take years to resolve. Yet, banks and asset managers have already begun planning for the relocation of staff and offices as the continent clarifies its financial regulations.
Trading & Investment
Citigroup unit Fined HK$4mn for Alternative Liquidity Pool Failures
By Garima Chitkara | 11/07/2018
SFC found that due to an incorrect system setting for client profiles, over 130 clients had accessed alternative liquidity pool Citi Match without being assessed whether they were qualified investors.
Trading & Investment
Myanmar Stock Market Starts to Open to Foreign Investors
By Emma Zhou | 10/07/2018
Under a new law due to take effect from 1 August, resident foreigners will be able to invest in up to 35% of the share capital of YSX-listed companies.
Cryptocurrency
Thailand Publishes Regulatory Framework for ICOs
By Emma Zhou | 10/07/2018
New framework will task companies known as ICO portals with screening issuers and cap retail investment in ICO projects, starting from 16 July.
Structural Regulation
China Further Opens A-shares Market to Foreign Investors
By Garima Chitkara | 09/07/2018
CSRC has received tentative State Council approval to allow foreign individuals living in China or working abroad for listed A-share companies to open domestic securities accounts.
Cloud & Infrastructure
Off-boarding Tail Clients a Short-Sighted Approach – Report
By Manesh Samtani | 09/07/2018
Report by Quinlan & Associates suggests potential for digital transformation to deliver 10-15% boost in top-line revenues and 30% reduction in operating costs, with tail clients a key opportunity.
Data Privacy
AxiomSL Announces Completion of Open Taxonomy to Streamline MAS 610 Compliance
By Manesh Samtani | 09/07/2018
Industry initiative has condensed over 300,000 data points required by MAS 610 into 1,000 reuseable business concepts, simplifying and streamlining compliance with the reporting mandate.
Capital Adequacy
SGX Proposes Amendments to Boost Capital Efficiency for Members
By Manesh Samtani | 08/07/2018
Proposed amendments include removal of risk-based capital and net liquid capital requirements currently imposed on remote and bank members, among other changes.
Alternative Markets
SEBI Raises Outbound Investment Limit For Some Investment Funds
By Garima Chitkara | 05/07/2018
Limit for alternative investment funds and venture capital funds for investments outside of India raised to $750m from $500m.
Structural Regulation
SFC Imposes Enhanced Reporting Obligations on Authorised Funds
By Manesh Samtani | 04/07/2018
Enhanced reporting obligations to include data on liquidity profiles, subscription and redemption amounts, asset allocation, and securities financing/borrowing transactions.
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