Securities / Derivatives

SEHK Adopts New Rules for Bookbuilding, Placing Activities

25/04/2022

The listing rule amendments, due to take effect in August, are a consequence of changes to the Code of Conduct finalised by the SFC in October.

AML / KYC

European Crypto Firms Push Back Against Proposed Regulations

24/04/2022

Crypto firms say requiring them to disclose transaction details and wallet addresses will undermine the privacy and safety of digital asset owners.

Capital / Liquidity

RBI Eases Capital Raising Restrictions for Rural Coop Banks

24/04/2022

Rural cooperative banks can raise capital by issuing preference shares, perpetual debt instruments or long term subordinated bonds.

Enforcement

US Agencies Target MoneyGram Over Delayed Remittances

24/04/2022

The complaint says the delays caused harm to recipients who were waiting for their money that had become “stuck in” or “looped” in MoneyGram’s systems.

Market Infrastructure

Thailand Relaxes Foreign Exchange Regulations for Businesses

24/04/2022

The BOT is scrapping a $50mn annual limit on lending to unaffiliated companies in foreign countries, as well as limits on purchases of overseas real estate.

AML / KYC

TBML: Bangladesh Banks Ordered to Implement Vessel Tracking

24/04/2022

Bangladesh Bank issued the order to ensure banks comply with guidelines issued by BFIU requiring them to establish vessel-tracking systems.

Securities / Derivatives

SZSE Issues Guidance on Funding Infrastructure REIT Acquisitions

23/04/2022

The proposed guidelines seek to improve the ability of listed infrastructure REITs to issue more shares to fund acquisitions and optimise their portfolios.

Securities / Derivatives

BSEC Relaxes Circuit Breaker Limit, Disciplines Brokers

23/04/2022

The adjustment boosted market liquidity and fresh investments by participants, while the disciplinary actions helped to bolster investor confidence.

Enforcement

CA ANZ May Discipline 12 KPMG Accountants for Cheating

23/04/2022

More than 400 CA ANZ members were found to have cheated on online training tests, but only 12 are being put through the body’s disciplinary process.