Trading & Investment

Bursa Malaysia, Shenzhen Bourse Cross-Promote Indices

14/12/2020

Bursa and the SZSE will each display three key indices from each other’s market, as part of efforts to increase visibility and create opportunities for cross-border investment.

Conduct, Culture & Accountability

ASIC Warns Against Noncompliance with Conflicted Remuneration Ban

14/12/2020

ASIC issued updates to RG 246 that would reflect the end grandfathering of conflicted remuneration for financial product advice from 1 January 2021.

Structural Regulation

Australia to Further Streamline Financial Advice Regulations

14/12/2020

Streamlining the number of bodies involved in financial adviser oversight will reduce complexity and add value for retail investors, said SAFAA CEO Judith Fox.

KYC & CDD

PBOC Approves Establishment of Second Personal Credit Agency

14/12/2020

The agency will be jointly owned by the Beijing government, JD.com, Xiaomi and facial recognition start-up Megvii Technology.

Conduct, Culture & Accountability

ASIC Provides Guidance on Product Design and Distribution Obligations

14/12/2020

The new regulatory guide addresses demand from industry for ASIC guidance as it prepares for the obligations to take effect on 5 October 2021.

Market Abuse

South Korea to Punish Illegal Short Sellers with Jail Time

13/12/2020

Under a revision bill that could take effect by Q2, naked short sellers will face up to a year in jail or up to five times profits on a trade.

Emerging Prudential Risks

China Tightens Limit on Overseas Borrowing to Curb Inflows

13/12/2020

The decision is said to be part of a push to tame risks from overseas borrowing, which has rapidly increased as the yuan strengthened in recent months.

Trading & Investment

SGX to Promote China Bond Markets, MAS Registers Shanghai Office

13/12/2020

A series of MOUs to deepen collaboration in financial services and innovation were announced at the 2nd Singapore-Shanghai Comprehensive Cooperation Council meeting on Friday.

Structural Regulation

NZ RegCo Launches as NZX’s Listed Markets Regulator

13/12/2020

The now stand-alone, independently-governed agency will perform all of NZX’s frontline regulatory functions, with its Board providing support.