Structural Regulation

APRA Consults on Financial Sector Shareholdings Rules

03/04/2019

The proposed rules set out the matters that must be considered in determining if a person is “fit and proper” to own 20% or more in an ADI, life insurer or general insurer.

Trading & Investment

Bloomberg Begins Including China Bonds in Flagship Index

03/04/2019

The index inclusion will draw more liquidity into China’s onshore bond market and potentially spur more policy measures to further open up the market.

Conduct, Culture & Accountability

Behavioural Insights Can Help Regulators Protect Investors – IOSCO

03/04/2019

The report provides guidance to help regulators better understand the behaviour of retail investors in making financial investment decisions to aid in policy development.

Cloud & Infrastructure

APRA to Implement New Data Reporting System in March 2020

03/04/2019

APRA says in its initial implementation plan that entities must start ensuring their readiness for the new system now, as there is only a one year timeline for implementation.

Anti-Money Laundering

FMA Monitoring Report Reveals Multiple AML/CFT Deficiencies

02/04/2019

New Zealand’s Financial Markets Authority has released a report highlighting failures in reporting entities’ AML/CFT programmes, risk assessments and customer due diligence.

Structural Regulation

SEBI Proposes SRO Nomination Plan for Mutual Fund Distributors, Advisers

02/04/2019

A consultation proposes the creation of a nomination committee comprising external experts to recommend a self regulatory organisation for mutual fund distributors and advisers to curb mis-selling.

Trading & Investment

NSE, SGX Reach Agreement on India Derivatives

01/04/2019

NSE and SGX have reportedly finalised an agreement that will enable SGX to offer trading in Nifty derivatives to Singapore investors through a special purpose vehicle operating as a broker at GIFT City.

Structural Regulation

EU, Singapore Adopt Decision to Mutually Recognise Derivatives Venues

01/04/2019

The European Commission recognises Singapore trading venues as MiFIR-compliant; MAS has exempted EU trading facilities from its markets licensing requirements.

Cloud & Infrastructure

S. Korea Launches Regulatory Sandbox, 105 Applications Received

01/04/2019

South Korea’s Special Act on Financial Innovation Support has taken effect 1 April, marking the formal launch of the country’s first financial regulatory sandbox.