Featured Product

    CSRC Finalizes Rules for Management of PE Assets of Securities Firms

    October 22, 2018

    CSRC finalized rules on "Private Asset Management Business of Securities and Futures Operating Agencies” and on the "Operation and Management of Private Equity Management Plan of Securities and Futures Operating Agencies" (also known as Capital Management Rules). These rules shall be implemented as of the date of promulgation.

    These rules are based on the current regulatory requirements for the system integration of private equity management business of securities and futures operating institution and fully implements the relevant requirements of the “Guiding Opinions on Regulating Asset Management Business of Financial Institutions," which were issued on April 27, 2018. These regulations are intended to be released as a supporting guideline for the Guiding Opinions. The Capital Management Rules set the same transition period as the Guidance Opinion. After the end of the transition period, for non-standardized debt assets that are difficult to standardize for special reasons and non-standardized equity assets that are not matured, the Securities and Futures Commission, or SFC, agrees to take appropriate arrangements to properly handle them. Some of the regulatory indicators are slightly relaxed compared with the current regulations. 

     

    Related Links (in Chinese)

    Effective Date: October 22, 2018

    Keywords: Asia Pacific, China, Securities, Asset Management, Capital Management Rules, CSRC

    Related Articles
    News

    FSB Report Examines Implementation and Impact of G20 Financial Reforms

    FSB published fifth annual report on the implementation and effects of the G20 financial regulatory reforms.

    October 16, 2019 WebPage Regulatory News
    News

    EBA Launches Consultation on Comprehensive Pillar 3 Disclosures

    EBA proposed the new comprehensive implementing technical standard (ITS) for public disclosures by financial institutions.

    October 16, 2019 WebPage Regulatory News
    News

    EBA Consults on Revised Technical Standards on Supervisory Reporting

    EBA launched a consultation on the revised implementing technical standards, or ITS, on supervisory reporting.

    October 16, 2019 WebPage Regulatory News
    News

    APRA Proposes Measures to Strengthen Capital for Bank Depositors

    APRA proposed changes to APS 111, which is the prudential standard on measuring capital adequacy and establishes the criteria for regulatory capital requirements of authorized deposit-taking institutions.

    October 15, 2019 WebPage Regulatory News
    News

    FSB Report Examines Implementation of OTC Derivative Reforms

    FSB published annual progress report on implementation of the agreed G20 reforms for over-the-counter (OTC) derivatives markets.

    October 15, 2019 WebPage Regulatory News
    News

    FSB Publishes Update on Its Market Fragmentation Work

    FSB published an update on its work to address the issue of market fragmentation.

    October 14, 2019 WebPage Regulatory News
    News

    FCA Releases Feedback to Online Survey on New Data Collection Platform

    FCA published results of the survey requesting feedback for the new data collection platform that will replace GABRIEL.

    October 14, 2019 WebPage Regulatory News
    News

    HKMA Reduces Countercyclical Capital Buffer in Hong Kong to 2.0%

    HKMA announced that the countercyclical capital buffer (CCyB) for banks in Hong Kong has been reduced from 2.5% to 2.0%, with immediate effect, in accordance with the Banking (Capital) Rules.

    October 14, 2019 WebPage Regulatory News
    News

    EC Consults on Implementation of Final Basel III Reforms in EU

    EC launched a public consultation on the implementation of Basel III standards in EU.

    October 11, 2019 WebPage Regulatory News
    News

    MAS Amends Regulation on Clearing of Derivatives Contracts

    MAS amended regulation for the mandatory centralized clearing of certain derivative contracts.

    October 11, 2019 WebPage Regulatory News
    RESULTS 1 - 10 OF 3971