Securities / Derivatives

Taiwan Extends Day Trading Transaction Tax Cut to 2024

22/12/2021

The extension keeps the transaction tax for day trading halved at 0.15 percent, a measure that has been in place since April 2017 and was set to expire on 31 December.

HKMA Directs Banks to Use Name Matching in Fund Transfers

21/12/2021

Banks are directed to perform name matching for fund transfers over HKD 10,000 to reduce the chance of error inputs by customers.

Big Picture

ISSA Explores CBDC Impacts to Post-Trade Settlement

21/12/2021

CBDC is a critical and likely enabler for DLT-based securities settlement and collateral management, with stablecoins providing a possible alternative, the paper says.

Securities / Derivatives

Bursa Malaysia to Become Approval Authority for ACE Market IPOs

21/12/2021

Under the new regulatory framework, the listing process for ACE Market IPOs has been streamlined to enhance fundraising efficiency for Malaysian corporations.

Market Infrastructure

China to Expand Shanghai-London Stock Connect

21/12/2021

Under the proposed rules, the Stock Connect scheme will be expanded to allow participation from companies listed in Shenzhen, Switzerland and Germany.

Market Infrastructure

‘SOFR First’ Concludes with Publication of User Guide

21/12/2021

The user guide outlines best practices for transitioning new exchange-traded derivatives activity to SOFR activity in the near term.

Fintech / Regtech

Global Regulatory Framework for Crypto Likely Next Year

21/12/2021

Benoît Cœuré said the “wake-up call” for regulators has been the rapid growth of DeFi, as its interconnectedness with traditional finance creates potential systemic risk.

ESG / Sustainability

TWSE Expands Scope of Sustainability Reporting Rules

21/12/2021

All TWSE listed companies with paid-in capital above TWD 2 billion will mandatorily have to file sustainability reports from 2023 onwards.

AML / KYC

HKMA Fines ePaylinks Technology for AML/CTF Breaches

20/12/2021

SVF licensee ePaylinks had deficiencies in its transaction monitoring and name screening systems, and failed to take enhanced measures in high risk situations.