Tokenisation

Malaysia SC Registers Two IEO Platform Operators

24/03/2022

The Initial Exchange Offering platform operators are given nine months to comply with regulatory requirements before they can commence operations.

Market Abuse

SET to Step Up Measures to Address Irregular Trading

23/03/2022

The Stock Exchange of Thailand has received SEC approval to tighten its market surveillance measures, effective from 4 April.

Fraud, Scams & Cybercrime

ACCC Launches Court Proceedings Over Crypto Ads on Facebook

23/03/2022

The ads contained links to fake media articles containing quotes attributed to public figures endorsing cryptocurrency or money-making schemes.

Clearing & Post-Trade

ASX to Implement Fallbacks in OTC Interest Rate Derivatives

23/03/2022

From 27 June, all OTC Open Contracts cleared by ASX, including legacy trades, will be treated as if they incorporated fallback provisions contained in the 2021 ISDA Definitions.

Structural Regulation

Chinese Firms Asked to Prepare Audit Documents for US Regulators

23/03/2022

US-listed companies including Baidu, JD.com and Alibaba have reportedly been asked by Chinese regulators to prepare audit documents for US regulators.

Payments & Settlements

SEBI Eases Norms on Mutual Fund Transactions by Investors

23/03/2022

Norms prohibiting the use of one-time mandates to accept payments for mutual fund transactions have been eased.

Cloud & Infrastructure

Taiwan FSC Asks Banks to Automate Reporting Workflows

23/03/2022

All domestic and foreign banks are asked to integrate APIs in their workflows for reporting financial statements from January 2023.

Sustainable Finance

HKEX Lists Hong Kong’s First Carbon Futures ETF

23/03/2022

The ETF, managed by CICC’s Hong Kong asset management unit, tracks the performance of a long-only basket of European Union Allowance futures contracts.

Cryptocurrency

Malaysian Minister Calls for Adoption of Bitcoin as Legal Tender

23/03/2022

Deputy minister Zahidi Zainul Abidin says the government should consider adopting bitcoin and other cryptocurrencies as legal tender.