Structural Regulation

Structural Regulation

China to Allow Offshore Listed Firms to Issue Depository Receipts

By Editors | 20/03/2018

Move aimed at attracting back to the mainland China’s overseas-listed tech giants Alibaba, Tencent, Baidu.

Emerging Prudential Risks

China’s Bold Regulatory Reorganisation

By Peter Guy | 19/03/2018

Super regulator’s major obstacle will be resisting the cycles of international financial history while meeting the challenges of a big, fast-growing economy.

Payments & Settlements

China Minsheng, Ping An Banks Fined for Clearing, Payments Violations

By Editors | 19/03/2018

Banks violated rules on management of clearing, yuan settlement, and NBFI payments; Minsheng Bank’s $25.7mn fine is highest levied in financial industry by PBOC.

Trading & Investment

UPDATED – India Securities Regulator Mulls Changes to Algorithmic Trading Framework

By Garima Chitkara | 18/03/2018

SEBI is considering imposing a congestion charge for high volume trading to address concerns on unfair market access to India’s exchange trading systems.

Conduct, Culture & Accountability

ASIC Mandates Banks’ Further Removal of Unfair Loans Terms

By Editors | 17/03/2018

New guidance ensures bank staff are held responsible for conduct and statements outside of formal contracts; removes borrower’s liability in the event of lender misconduct.

Market Abuse

Shanghai, Shenzhen Bourses Draft Compulsory Delisting Rules

By Editors | 16/03/2018

False, misleading or fraudulent listing, restructuring documents or other disclosures including annual reports will trigger the delisting mechanism.

Structural Regulation

Deutsche Fined, Censured for HK Regulatory Breaches

By Samuel Riding | 15/03/2018

Securities regulator says fine would have been much higher were it not for self-reporting of breaches, cooperation in inquiry and ‘remedial measures’.

Conduct, Culture & Accountability

CLSA Fined $1.15mn for Internal Control Failures – SFC

By Manesh Samtani | 15/03/2018

The firm failed to put in place controls to prevent co-mingling of agency execution and client facilitation services.

Clearing & Post-Trade

SGX to Merge OTC, Exchange Derivatives into Single Risk Class for Clearing Fund

By Samuel Riding | 14/03/2018

Move follows MAS consultation on moving all OTC derivatives contracts onto organised markets.