Securities / Derivatives

SEBI to Phase-In Physical Settlement of Equity Derivatives

02/01/2019

India’s securities regulator will introduce mandatory physical settlement of equity derivatives in a phased approach starting April 2019.

Market Infrastructure

Regional Lenders Should Avoid ‘Blind Expansion’, says CBIRC

02/01/2019

New guidelines from China’s banking regulator will require small- and medium-sized financial institutions to apply for a licence to operate outside their home provinces.

Securities / Derivatives

Taiwan Raises Chinese Equities Investment Limit for Offshore Funds

02/01/2019

FSC loosens restrictions on investment in Chinese equities in response to proposed increase of China weighting in MSCI emerging markets index.

Capital / Liquidity

UPDATED – RBI Allows Lenders One-Time Restructuring of MSME Loans

01/01/2019

Banks and NBFCs will be allowed to restructure defaulted loans not yet classified as NPAs, provided the borrower has aggregate exposures less than $3.6mn.

Market Infrastructure

S. Korea Designates 11 Banks as Won-Yuan Liquidity Providers

01/01/2019

The banks selected by South Korea’s central bank include 6 domestic institutions and 5 foreign institutions with local branches.

Securities / Derivatives

Chinese Bourses Limit Stock Suspensions to 10 Trading Days

01/01/2019

The 10 day limit for stock suspensions compares to three months allowed previously for major asset restructurings, and up to five or six months in other cases.

Fintech / Regtech

Philippines SEC Extends Consultation on ICO Rules

31/12/2018

The second round of public consultation is open until 15 January, after stakeholders asked for more time to study the draft rules.

Fintech / Regtech

BNM Issues Policy Document Targeting Outsourcing Risk at FIs

31/12/2018

Malaysia’s central bank has raised expectations on the board and senior management to ensure effective oversight and governance of outsourcing arrangements.

Capital / Liquidity

RBI ‘Expert Committee’ to Determine Best Use of Central Bank Reserves

30/12/2018

The committee is tasked with suggesting an adequate level of reserves for the central bank and proposing a policy for distributing dividends to the government.