Other Asia Pacific

Enforcement

Sri Lanka to Enhance Capital Market Through New SEC Act

By Duruthu E Chandrasekera | 19/09/2020

The new SEC Act will allow for recognition of new categories of market intermediaries and introduce new enforcement mechanisms to deal with market misconduct.

Big Picture

Firms Lagging in Preparations for UMR Compliance: Survey

By Manesh Samtani | 19/09/2020

State Street found that 19% of Phase 5 and 6 firms are fully prepared for UMR compliance. Hedge funds are said to be the least prepared for compliance.

Cambodia to Unify Non-Banking Financial Services Regulators

By Sanday Chongo Kabange | 18/09/2020

Regulators of insurance, private pensions, securities, social security, administration, accounting and auditing, real estate, mortgages and guarantees will be combined into a single authority.

Market Infrastructure

Colombo Stock Exchange Digitalises Core Operations

By Duruthu E Chandrasekera | 18/09/2020

Account opening and post-trade functions such as clearing and settlement are now electronically enabled. E-contract notes and e-statements have also been adopted.

Securities / Derivatives

Myanmar Plans Second Stock Exchange For Public Companies

By Sanday Chongo Kabange | 17/09/2020

The new exchange will be set up as a pre-listing board with looser listing requirements, and serve as a launchpad for listing on the YSX.

BOT Enhances Fair Service Rules for Banks, Asset Managers

By Editors | 17/09/2020

Besides banks and their subsidiaries, the rules have been extended to cover also asset managers and nanofinance operators.

Big Picture

Cross-border Real Estate Investors Raise APAC Financial Stability Risk

By Manesh Samtani | 16/09/2020

Global investors amplify volatility in commercial real estate markets, a phenomenon that has been pronounced during the Covid-19 shock, the BIS says.

Fintech / Regtech

BNP, Digital Asset to Develop DLT Connectivity to ASX, HKEX

By Editors | 15/09/2020

BNP Paribas Securities Services and Digital Asset have joined forces to design real-time trade and settlement apps using DAML smart contracts.

Securities / Derivatives

CBSL to Allow Foreign Investors to Hedge Currency Risk with Swaps

By Duruthu E Chandrasekera | 15/09/2020

As part of measures to lure foreign investment back into Sri Lanka, the government also plans to channel banks’ funds into the stock market.