Securities / Derivatives

SEBI to Require Intermediaries to Sever Ties with Unregistered ‘Finfluencers’

28/08/2023

SEBI-registered intermediaries and regulated entities would also be required to stop disbursing referral fees to unregistered entities such as “finfluencers”.

Fintech / Regtech

OCBC Suffers Near Four-hour Bank Service Outage

28/08/2023

OCBC’s internet and mobile banking platforms were disrupted from around 8.30am until around 12.20pm on Monday.

Securities / Derivatives

SEBI Tightens Disclosure Norms for FPIs with Concentrated Investments

28/08/2023

FPIs will have to disclose all their owners if they hold over 50% of their India AUM in a single corporate group.

Securities / Derivatives

DSE Seeks Rule Relaxations to Boost Alternative Trading Board

28/08/2023

The ATB was launched this January but has failed to attract investors and still has only two securities listed.

Market Infrastructure

BRICS Nations Invite Six Nations to Join as Members

27/08/2023

BRICS officials will develop measures to reduce their reliance on the USD in trade, in favour of using local currencies.

Securities / Derivatives

SEBI to Allow NRIs, OCIs to Invest More in GIFT City via FPIs

27/08/2023

SEBI proposes to allow IFSCA regulated FPIs to accept higher levels of investment from Indian citizens residing overseas.

China Eases Mortgage Rules to Boost Property Market

27/08/2023

The new measures will allow more individuals to be treated as first-time homebuyers, which means better mortgage rates and lower down payments.

Sanctions

New Zealand Joins US, UK in Sanctions over Treatment of Ukrainian Children

27/08/2023

The New Zealand and US sanctions coincided with Ukrainian Independence Day on 24 August.

AML / KYC

HK Police Arrest 11 in HK$124m Money Laundering Case

27/08/2023

Police believe the laundered funds could be tied to more than 20 fraud cases, including email and loan scams, and commercial and investment fraud.