Trading & Investment

Structural Regulation

ASIC Updates Financial Markets Licensing Regime

By Garima Chitkara | 07/05/2018

New regulatory guidance will designate and license financial markets based on their risk and systemic importance to the Australian economy; changes said to incorporate technological and risk concerns.

Structural Regulation

China Issues Draft Rules for Depository Receipt Issuance

By Manesh Samtani | 07/05/2018

Rules include requirements related to investor protection, information disclosures; Shanghai-London Stock Connect to allow cross listings of depository receipts.

Conduct, Culture & Accountability

SFC Issues New Rules on Instant Message Trade Orders

By JP Reimann | 07/05/2018

Regulator requires two years of full records, client authentication and validation, a written contingency plan and compliance reviews for instant messaging use.

Trading & Investment

SEBI Issues New Risk Management Guidelines for Derivatives

By Editors | 04/05/2018

Guidelines to take effect in June specify margin calculation methods, collection and enforcement norms, and method of calculation of trading and clearing members’ liquid net worth, effective from June.

Trading & Investment

Indian Exchanges Seek CFTC Approval for GIFT City Derivatives

By Garima Chitkara | 04/05/2018

NSE and BSE are looking to sell derivatives traded at GIFT City exchanges to American investors; aimed at countering competition with SGX, which is launching its own Indian equity derivatives offering in June.

Trading & Investment

Indonesia Scraps Margin Call Requirement for Options

By Editors | 04/05/2018

OJK amended rules for trading in options, doing away with the 10% margin call requirement. The move is expected to stop the flow of options trading to other markets that don’t have the requirement.

Trading & Investment

India Lifts Ban on Foreign Investments in T-bills

By Garima Chitkara | 04/05/2018

Central bank lifts three year residual maturity limits on foreign portfolio investment in government debt and consequently allows foreign investment into T-bills.

Structural Regulation

S.Korea Revamps Approval Process for Aspiring Financial Firms

By JP Reimann | 03/05/2018

FSC to dedicate committee of experts to assessing banking, insurance, securities licenses; aimed at boosting transparency, efficiency, lowering entry barriers.

Structural Regulation

China Allows Foreign Ownership Majority at Securities Firms

By Manesh Samtani | 02/05/2018

Ceiling on foreign ownership raised from 49% to 51%, effective immediately; CSRC reviewing first application from UBS to boost stake in China-based UBS Securities.