Asia-Pacific News
The latest industry and regulatory news affecting the Asia-Pacific region.
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FIA responds to ASIC CP on market integrity rules
FIA has submitted a response to the Australian Securities & Investments Commission's Consultation Paper 386 on proposed amendments to the ASIC market integrity rules for trading systems and automated trading.
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FIA comments on draft amendments of the PRC Enterprise Bankruptcy Law
FIA recommends involving the China Securities Regulatory Commission alongside other authorities when determining the scope of qualified financial transactions, and ensuring equal legal protection for similar products regardless of where they are traded, cleared or settled. FIA also proposes adding a new article providing clear recognition and protection for financial market infrastructure operators.
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FIA responds to SEBI closing auction session proposal
FIA has submitted comments to the Securities and Exchange Board of India on its proposal to introduce a closing auction session in the equity cash segment. FIA welcomes SEBI’s initiative as an important step in bringing India’s market structure closer to global best practices.
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FIA responds to SEBI consultation on restructuring of indices with derivatives contracts
FIA has submitted its response to the Securities and Exchange Board of India’s consultation on the implementation of eligibility criteria for derivatives on non-benchmark indices, which aim to prevent concentration of derivatives indices in a few stocks. FIA supports Alternative B, which allows existing indices to transition through reweighting and constituent adjustments, rather than requiring the creation of entirely new indices.
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FIA responds to ASX dynamic default fund consultation
FIA has submitted its response to ASX on its proposed Dynamic Default Fund Framework. In its response, FIA welcomed the initiative to strengthen resilience and risk management and also urged refinements to better align with international standards and market practice.
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FIA and ISDA respond to Reserve Bank of Australia guidance for the clearing and settlement facility resolution regime
FIA and ISDA urge greater clarity in the RBA’s draft guidance on clearing and settlement facility resolution to enhance transparency, communication and market stability during interventions.
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FIA responds to ASX Consultation on Anomalous Order Thresholds for ASX 24 Products
FIA supports ASX’s AOTs for interest rate futures and urges further engagement on commodity thresholds to align with global best practices and enhance market integrity.
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Predicting the future of prediction markets
While prediction markets have existed for many years, they exploded in popularity in 2024 thanks to the introduction of contracts that allowed people to bet on elections. That success demonstrated that these contracts could become a new asset class for both retail and institutional investors.
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FIA responds to SEBI consultation paper on final settlement day for equity derivatives
FIA has responded to SEBI’s Consultation Paper on the Final Settlement Day for Equity Derivatives. FIA acknowledges and supports SEBI’s stated objectives of enhancing market stability, improving predictability, and promoting orderly market functioning through a more structured approach to contract expiries.
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Derivatives in growth markets will continue to thrive, exchange leaders say
Over the past five years, India and Brazil have emerged as two of the fastest-growing derivatives markets in the world, while the Middle East ranked as an important new area of growth in a recent FIA derivatives survey. According to exchange leaders from these regions, growth will continue, buoyed by a rising number of foreign investors and retail traders participating in the markets.
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