Anti-Money Laundering

Philippine SEC Proposes Stronger Rules on Beneficial Ownership

08/12/2020

The SEC is seeking to require the disclosure of beneficial owners, nominators, principals, and nominee arrangements within 10 days from a company’s registration.

Trading & Investment

MAS Outlines Initiatives to Expand Financial Cooperation with China

08/12/2020

MAS and Chinese regulators are collaborating on RMB internationalisation, exchange-traded funds, digital finance and green finance.

Liquidity Risk

RBI Allows Regional Rural Banks to Access Liquidity Facilities

08/12/2020

To date, regional rural banks have not been permitted to access the RBI’s liquidity windows or the Call/Notice market.

Clearing & Post-Trade

NZX Enhances Infrastructure, Security Following Independent Reviews

08/12/2020

EY was commissioned to look into issues stemming from record trading volumes in March and April, while InPhySec looked into NZX’s DDoS attack response in August.

Trading & Investment

RBI to Enhance Guidelines for OTC Derivatives, CDS, Money Markets

08/12/2020

The RBI is looking to enhance governance of OTC derivatives market makers, establish consistency in money market and debt instruments, and update its CDS guidelines.

PEPs & Sanctions

US Sanctions Another 14 Chinese Officials Over Hong Kong

08/12/2020

A Chinese foreign ministry spokesperson said Beijing would take “firm counter-measures against the malicious actions by the US”.

Structural Regulation

SFC Amendments to REIT Code Have Taken Effect

08/12/2020

The SFC has also adopted a more streamlined approach to compliance with requirements regarding vetting and approval of REIT-issued announcements and circulars.

Credit Risk

Addressing Credit Risk Uncertainty Through Collateral & Data

08/12/2020

Panellists at a recent Regulation Asia webinar highlighted the importance of sound collateral management and data practices to manage loan loss uncertainty in the year ahead.

Trading & Investment

Bursa Malaysia Expands Market-making Framework

08/12/2020

The expansion will enhance the attractiveness and competitiveness of the capital market, and entice more investors and market participants, Bursa says.