Market Infrastructure

Market Infrastructure

LEI Transition Period For MiFID II To End In July – ESMA

By Garima Chitkara | 21/06/2018

The six month transition period put in place in December 2017 to allow firms to obtain LEIs to comply with MIFID will end on 2 July 2018, as ESMA rules out any extensions in a new statement.

Fintech / Regtech

Singapore Accelerates Shift to Digital Economy

By Manesh Samtani | 21/06/2018

MAS board member Ong Ye Kung pledges to eliminate cheque usage by 2025, while also reducing the need for ATM cash withdrawals, through increased adoption of e-payments.

Fintech / Regtech

HK Virtual Bank Licence Offers Nothing New for Local Market

By Peter Guy | 20/06/2018

The HKMA and its new regulations fail to recognise that virtual banking has long existed. Redundant and irrelevant rules only hold back fintech development in Hong Kong.

Market Infrastructure

Cambodia Opens Applications for New CIS-Related Licences

By Garima Chitkara | 20/06/2018

Cambodia’s securities regulator has started accepting applications for licences for fund managers, distributors, administrators, trustees, among other CIS-related activities.

Market Infrastructure

Australia Consults on Corporate Structure for Funds

By Manesh Samtani | 20/06/2018

New ‘CCIV’ structure will allow Australia asset managers to market fund products to the rest of Asia, complementing the Asia Region Funds Passport.

Market Infrastructure

Fund Managers Negative on MiFID II Research Unbundling – Report

By Manesh Samtani | 20/06/2018

New RSRCHXchange survey reveals non-European fund managers negative about unbundling requirements, while recognising positive impact for investors; impact expected to be felt Asia within 2-4 years.

Securities / Derivatives

Hong Kong Targets September for OTC Derivatives Margin Rules

By JP Reimann | 20/06/2018

SFC consultation proposes to phase-in IM requirements to avoid market disruption; VM to take effect on 1 September 2019.

Market Infrastructure

The End of IBOR – The Asia Take

By Matthieu Sachot | 19/06/2018

Though uncertainty remains on when LIBOR migration is really going to be due, the earlier the banks set this in motion, the lower the execution risk and cost in the long run. This article highlights the local benchmarking effort in Asia and the key areas banks should have on their roadmap, starting now.

Market Infrastructure

China Proposes Communist Party Unit at Listed Firms

By Garima Chitkara | 18/06/2018

The CSRC has proposed establishing a ‘CCP Unit’ at firms already listed and those looking to list on Chinese stock exchanges, for the purpose of carrying out Party activities.