Market Infrastructure

SGX Selects Tata Consultancy Services to Power GIFT Connect

17/03/2022

The GIFT Connect system will permit SGX members to place orders on NSE IFSC using FIX/proprietary APIs or the TCS BaNCS dealing terminal.

ESG / Sustainability

SGX RegCo Announces Sustainability Training Courses for Directors

17/03/2022

Board directors of SGX listed equity issuers are required to undergo mandatory sustainability training and provide confirmation in sustainability reports.

Enforcement

Seoul Court Upholds FSS Reprimand Against Hana Vice Chair

17/03/2022

The court ruled that Hana Financial Group vice chairman Ham Young-joo was responsible for failing to protect retail investors from high risk financial products.

Market Infrastructure

IBA Launches ICE Term SOFR Reference Rates

17/03/2022

The launch of ICE Term SOFR provides certainty when borrowers and lenders calculate their interest expenses and other contractual payments in advance.

Fintech / Regtech

SIX, LMAX Group to Launch 24/7 Traded Crypto Futures

17/03/2022

The launch will initially include centrally cleared USD settled Bitcoin and Ethereum futures, trading 23 hours, five days a week.

AML / KYC

Japan Crypto Exchanges Ordered to Comply with Sanctions

17/03/2022

Fines up to JPY 1 million and up to three years’ imprisonment are specified for non-compliance with sanctions by crypto exchange platforms.

Fintech / Regtech

DTC, Hodlnaut Get In-Principle Approval for DPT Services in SG

17/03/2022

Digital Treasures Center enables merchants to accept crypto in payments. Hodlnaut offers cryptocurrency borrowing and lending services.

Securities / Derivatives

SSE and SZSE to Accept Listings of BSE Companies

17/03/2022

Companies listed on the Beijing Stock Exchange can transfer to the SSE’s STAR Market or the SZSE’s ChiNext board.

AML / KYC

SFC Fines Emperor Securities, Emperor Futures for AML Breaches

17/03/2022

Emperor processed third party fund transfers without validating the relationships between the clients and the third parties, or the reason for the transfers.