Conduct, Culture & Accountability

ASIC Orders Fund Manager to Stop Misleading Radio Advertising

22/11/2020

The stop order prohibits Skyring Funds Management from comparing its fixed income fund to bank-issued deposit products in advertising.

Structural Regulation

MAS Finalises New Rules for Insurers Managing Par Funds

22/11/2020

New requirements on how insurers offering participating insurance policies can charge expenses to Par funds will take effect on 1 January 2021.

Structural Regulation

Industry Bodies Call For Delay to EU Third-country Benchmarks Regime

22/11/2020

ISDA and 13 other associations say they believe an extension of the transitional period for third-country benchmarks under BMR is urgently needed.

Clearing & Post-Trade

SGX to Enhance Clearing Member Default Management Process

22/11/2020

SGX proposes to align CDP’s default management practices with global standards and improve the efficiency and speed with which defaults may be resolved.

Trading & Investment

UPDATED – First Brokers Approved to Use TSE’s CONNEQTOR Platform

22/11/2020

CONNEQTOR enables institutional investors who want to trade a particular ETF at a particular quantity to send an RFQs to market makers.

Payments & Settlements

HKMA Expands List of Eligible Collateral for RMB Facility

21/11/2020

Eligible collateral will include RMB, USD and EUR debt securities issued offshore by China’s central bank, Ministry of Finance or policy banks.

Structural Regulation

NAFMII Issues New Rules for Interbank Bond Market

20/11/2020

The rules prohibit issuers from directly subscribing to their own bonds in the interbank market or buying them indirectly through affiliates or asset management products.

Operational Risk

APRA Halves CBA Operational Risk Capital Add-on

20/11/2020

CBA has made “significant progress” in areas such as risk management and compliance, remuneration and risk culture, APRA says.

Trading & Investment

FSC Korea to Enable Greater Retail Participation in IPOs

20/11/2020

From next month, the retail allocation of IPOs shares will increase from 20% to 30%, and a fairer approach to allocations will be adopted.