Enforcement

Prosecutors Drop Criminal Cartel Case Against Citi, Deutsche

13/02/2022

Australia’s top prosecutor concluded that there were no longer reasonable prospects of convicting Citigroup, Deutsche Bank and four former executives.

Securities / Derivatives

SEBI Revises Format for Abridged Prospectus Disclosures

13/02/2022

The format has been revised to offer greater simplicity, clarity and consistency in the disclosures, and to ensure additional critical information is provided to investors.

AML / KYC

New CDD Rules to Have ‘Limited’ Impact on Customers: PBOC

13/02/2022

The PBOC has responded to concerns about incoming rules that will require banks to perform extra due diligence for deposits and withdrawals exceeding CNY 50,000.

Market Infrastructure

IDX to Enhance Stock Options Trading Infrastructure

13/02/2022

IDX has suspended stock options trading in the interim. It is also planning to launch new ETF, futures and structured warrant products this year.

Securities / Derivatives

Taiwan to Finalise Risk Management Rules for Futures Trust Companies

12/02/2022

Futures trust companies are required to set up dedicated risk management departments with “adequate and competent” full-time personnel by 31 December.

Securities / Derivatives

RBI Raises Cap on FPI Investment in Debt Securities

11/02/2022

The INR 1.5 trillion limit on FPI investment via the ‘Voluntary Retention Route’ has been nearly exhausted. The new INR 2.5 trillion limit takes effect on 1 April.

PBOC Accepts Two More Applications for FHC Licences

10/02/2022

If approved, Wanxiang Holding will become China’s first privately owned firm to operate a financial holding company.

Fintech / Regtech

SETL, Digital Asset to Create Regulated Network for Tokens

10/02/2022

The network will enable central banks and regulated institutions to create tokens for customers, where each token will represent a regulated liability.

Securities / Derivatives

India Mutual Funds to Start Ind AS Reporting from April 2023

10/02/2022

From 1 April 2023, all AMCs will be required to prepare the financial statements in accordance with Indian Accounting Standards, known as Ind AS.