Enforcement

ASIC Places Interim Stop Orders on Two Property Funds

15/09/2022

The orders prevent the funds from being offered or distributed to consumers until deficiencies in their TMD statements are addressed to ASIC’s satisfaction.

Securities / Derivatives

US SEC Proposes Measures to Boost Treasury Market Resiliency

15/09/2022

Clearinghouse members will be required to push their clients’ secondary market trades and margins collected through the clearinghouse.

Crypto / Digital Assets

US Heavyweights Announce Plans to Launch Crypto Exchange

15/09/2022

EDX Markets is backed by Citadel Securities, Fidelity Investments, Charles Schwab, Virtu Financial, Sequoia Capital and Paradigm.

AML / KYC

OFAC Sanctions Iranian Actors Over Ransomware Activity

15/09/2022

OFAC said the IRGC-affiliated group has launched extensive campaigns across the globe targeting defence, diplomatic, government and private industry personnel.

Singapore Passes Bill to Regulate Debt Collector Conduct

15/09/2022

Debt collectors will have to be screened by police for licensing. Behaviour that threatens the physical safety of debtors will be prohibited.

Securities / Derivatives

HKEX Considers Relaxing Listing Requirements for Tech Firms

14/09/2022

Under the proposals, the revenue requirement for commercialised tech firms would be lowered from HK$500 million to between HK$200-300 million.

Capital / Liquidity

FSB Seeks Feedback on Information Gathering Framework

14/09/2022

The FSB is seeking stakeholder input to inform the revision of its framework for gathering information from FMI Intermediaries to support resolution planning.

Enforcement

Korea Issues Arrest Warrants for Terra Founder, Five Others

14/09/2022

Prosecutors say Terra coins were investment securities under Korea’s capital markets law. Do Kwon is alleged to have committed fraud.

Market Infrastructure

Japan FSA Proposes New Derivatives Reporting Guidance

14/09/2022

The draft guidelines explain the data fields that need to be included in reporting, along with technical specifications and best practices for reporting.