Revised regulation for asset management products may be
delayed
China Daily, 24 Jul 2020
The People's Bank of China, the central bank, had earlier
scheduled the implementation of the New Asset Management Regulation from next year.
However, financial experts have stressed the need for a longer transitional
period of another one or two years, as the new rule may crimp financial
conditions and disrupt the market in the aftermath of the novel coronavirus
epidemic.
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ESMA Publishes the MIFID/MIFIR Annual Review Report
ESMA, 23 Jul 2020
The European Securities and Markets Authority (ESMA), the
EU’s securities markets regulator, has published today the MiFID/MiFIR Annual
Review Report under Commission Delegated Regulation (EU) 2017/583 (RTS 2). This
report lays down the thresholds for the liquidity criterion 'average daily
number of trades' for bonds, as well as the trade percentiles.
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CFTC Approves Final Cross-Border Swaps Rule and an Exempt
SEF Amendment Order at July 23 Open Meeting
CFTC, 23 Jul 2020
The Commission approved a final rule on capital requirements
for swap dealers and major swap participants, closing out all required
rulemakings under Section 731 of the Act. [See CFTC Press Release No. 8210-20]
The Commission today also approved an Amendment Order regarding European Union
trading facilities.
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