Trading & Investment

FSC Korea to Rein in Excessive Investment in Risky ETFs, ETNs

19/05/2020

The FSC will impose a new minimum deposit requirement on retail investors investing in ETFs and ETNs, and require them undergo mandatory investor education, among other measures.

Structural Regulation

India to Allow Private Companies to List on Foreign Exchanges

19/05/2020

Private companies will be able to list in ‘permissible jurisdictions’ – likely to include the US, China, Japan, South Korea, the UK, Hong Kong, France, Germany, Canada and Switzerland.

Trading & Investment

European Regulators Lift Covid-19 Short Selling Bans

19/05/2020

In consultation with ESMA, Austria, Belgium, France, Greece, Spain and Italy have decided to lift short-selling bans that have been in place since mid-March.

Tokenisation

DTCC Explores Further Digitalisation in Public & Private Markets

19/05/2020

Project Ion seeks to further optimise the settlement process in public markets. Project Whitney explores the use of asset tokenisation and digital infrastructure to support private markets.

Trading & Investment

China Urges Domestic Firms to List in London – Report

19/05/2020

The push for a resumption of listings under the Shanghai-London Stock Connect is in part aimed at improving China’s ties with the outside world.

KYC & CDD

Companies Not Protecting Against Third Party Risk: Refinitiv

18/05/2020

43% of third parties do not receive due diligence checks, and 62% of respondents do not know the extent to which third parties are outsourcing work.

Anti-Money Laundering

SFC Reprimands, Fines Southwest Securities for AML/CFT Failures

18/05/2020

The brokerage failed to implement adequate and effective policies and procedures to mitigate AML/CFT risks associated with third party deposits.

Trading & Investment

Taiwan, Malaysia to Cooperate on Derivatives Market Development

18/05/2020

The two exchanges will share information and best practices relating to product development, market operations, and other areas of common interest.

Liquidity Risk

Bangladesh Opens Special One-Year Repo Facility for Banks

18/05/2020

The new facility will allow lenders to access central bank liquidity for up to 360 days, compared to a maximum 28-day term allowed under existing facilities.