Structural Regulation

Shenzhen Bourse to Allow Dual Class Share Structures

30/08/2020

Lawmakers passed a rule allowing companies with dual class share structures to incorporate and list on the Shenzhen Stock Exchange, part of broader reforms to improve the market’s appeal.

Trading & Investment

Brokers Push Back Against ASIC Proposal to Limit CFD Leverage

30/08/2020

Foreign exchange brokers expressed concerns that the proposals are overly stringent, infringe on investor freedoms, and may result in regulatory arbitrage.

Structural Regulation

ASIC Grants Regulatory Relief for Companies Planning IPOs

28/08/2020

ASIC is granting relief for voluntary escrow arrangements and pre-prospectus communications to security holders and employees to reduce IPO red tape.

Operational Risk

APRA Imposes Licence Conditions on NAB Unit NULIS Nominees

28/08/2020

NULIS Nominees is required to improve its governance and control environment, and ensure members’ best interests are prioritised in its decision-making.

Trading & Investment

CSOP Launches First ETF Tracking New Hang Seng TECH Index

27/08/2020

Several other asset managers have submitted applications to regulators seeking to issue similar ETFs based on the new index, which tracks Hong Kong’s 30 largest tech listings.

ESG Data

Taiwan CSD Launches Consolidated Access to ESG Ratings

27/08/2020

FTSE Russell, ISS ESG, MSCI and Sustainalytics have collaborated with TDCC to launch a new ESG Dashboard that provides consolidated access to ESG ratings.

Supervision & Enforcement

CSRC Publishes Classification Results for Securities Firms

27/08/2020

The classification reflects securities firms’ governance structures, risk management capabilities, continuous compliance status, and business development status.

Structural Regulation

CSRC Offers to Allow PCAOB to Inspect State-owned Entities – Report

27/08/2020

The CSRC proposes to allow the PCAOB to choose any Chinese state-owned enterprises for trial inspections, though information related to national security would be redacted.

Liquidity Risk

FSC Korea Extends Easier Liquidity Requirement for Banks

26/08/2020

The lower liquidity coverage ratio was scheduled to end in September, but the FSC has decided to extend the relaxed requirements until end-March.