Structural Regulation

Structural Regulation

Indonesia to Tighten Rules on Fintech Lenders

By Karen Chiu | 19/05/2018

Fintech lenders will be compelled to be registered with OJK; unregistered firms will be unable to tap financial markets or raise funds from banks.

Structural Regulation

Hong Kong Allows Corporate Setup for Investment Funds

By JP Reimann | 18/05/2018

SFC’s new open-ended fund company (OFC) regime will allow investment funds to set up under corporate structures starting from 30 July 2018.

Capital Adequacy

China Gives the CBIRC Exclusive Supervision Over Leasing Industry

By Garima Chitkara | 17/05/2018

Leasing companies will no longer come under the Ministry of Commerce and will be supervised by the CBIRC, in a move to streamline regulation of the leasing industry and ensure consistent application of regulatory norms.

Conduct, Culture & Accountability

Hong Kong SFC Releases Further Details on Licensing Regime

By Garima Chitkara | 17/05/2018

SFC bulletin highlights areas of concern the regulator considers in granting and rejecting licenses as well as updates to MIC regime; SFC also announced a forthcoming thematic review of MIC regime compliance.

Trading & Investment

BSE Receives US SEC “Designated Offshore Securities Market” Status

By Garima Chitkara | 17/05/2018

Designation will allow Indian exchange BSE to sell securities to US investors without needing to register them with the US SEC.

Structural Regulation

ASIFMA: China’s Reforms Target Increased Foreign Participation

By Manesh Samtani | 17/05/2018

Beijing-based panellist emphasised the rule of law, clear and transparent regulation and increased competition from foreign intermediaries as key to China’s opening up.

Structural Regulation

ASIFMA: HK Financial Secretary Lauds China as Global Standards Setter

By JP Reimann | 17/05/2018

James Lau said China is becoming a pioneer in setting global standards with an “open and supportive regulatory environment”; HK a “premier listing platform” for mainland enterprises.

Structural Regulation

Shanghai to Allow Foreign Banks to Set Up Branches, Subsidiaries

By Garima Chitkara | 16/05/2018

China will allow foreign banks to set up branches and subsidiaries in Shanghai amid a host of measures to further open up the city’s financial sector.

Trading & Investment

ASIC Consults on Relief from Naked Short Selling Prohibitions

By Garima Chitkara | 16/05/2018

ASIC proposes to grant legislative relief on naked short selling prohibitions for ETF market-making, corporate actions and IPO sell-downs.