Australian Regulator to Facilitate Securities Offer by Foreign Firms

30/05/2014

The Australian regulator released a consultation paper proposing class order relief and guidance for foreign companies offering CHESS Depositary Interests over their shares to investors in Australia.

IOSCO Seeks Stakeholder View on Five-Year Plan

30/05/2014

The International Organization of Securities Commission is developing a five-year strategic plan ending 2020 and seeks stakeholders’ views on shaping the future objectives and strategies of the commission.

S. Korea Regulator Charges US Traders over Illegal Algorithmic Trading

30/05/2014

The South Korean financial regulator has filed criminal charges against a U.S.-based trading company and four of its dealers for making illegal gains through price rigging.

Australian Regulator Urges Funds to Review Class Order Compliance

30/05/2014

Australian Securities and Investments Commission (ASIC) is encouraging providers of investor directed portfolio services or so-called platforms to review ongoing compliance with class orders.

IMF Finds Hong Kong’s Financial System Resilient, Well-Regulated

28/05/2014

The International Monetary Fund (IMF) in its comprehensive assessment of Hong Kong’s financial system found that the city’s banking system is very well regulated and resilient.

Securities / Derivatives

Indonesia’s Regulator Urges Banks to Lend to Environment-Friendly Firms

28/05/2014

All financial service institutions supervised under the Financial Services Authority are urged to give out loans to companies that comply with environment-friendly practices.

China to Revitalize SMEs Amid Economic Slowdown

28/05/2014

China plans to revitalize the country’s small and medium-sized enterprises (SMEs) through tax cuts, access to loans other financial incentives in a bid to boost overall economic growth.

India’s SEBI Probing Mutual Fund Houses for Regulatory Breach

27/05/2014

Market regulator Securities and Exchange Board of India has found large-scale violations in several schemes of select mutual fund houses where norms regarding minimum 20 investors and maximum 25% single investor exposure have been breached repeatedly.

Securities / Derivatives

Malaysia, S. Korea Launch Currency Swap Facility

27/05/2014

Bank Negara of Malaysia and the Bank of Korea have launched a currency swap facility worth up to RM5 billion, or five trillion won, to facilitate trade settlements between companies in Malaysia and South Korea.