Sanctions

EBA Proposes New Reporting Requirements for Payments Firms

04/08/2024

PSPs would have to report on the share of instant transfers, both domestic and cross-border, that were rejected due to the application of sanctions.

Securities / Derivatives

CSRC Approves New Options Contracts at Dalian Exchange

04/08/2024

DCE said the new egg, corn starch and live pig options will provide additional hedging tools and improve the underlying futures market.

Securities / Derivatives

Beijing Financial Assets Exchange to Refocus Business on Bonds

03/08/2024

The financial asset exchange said it will no longer conduct business involving the transfer of property rights and non-performing assets.

ESG / Sustainability

Thailand Revises Tax Incentive Programme to Promote ESG Funds

03/08/2024

The SEC is concurrently amending its regulations to give ESG fund managers more flexibility to invest in high quality listed companies.

Crypto / Digital Assets

Korean Crypto Firms to Start Paying Supervisory Fees Next Year

03/08/2024

The fees, to be disclosed in March next year, apply to registered crypto firms with an operating revenue of at least KRW 3 billion.

BOT to Further Relax FX Management Rules in Q4

03/08/2024

The BOT will quadruple the annual outflow limit for Thai citizens and make the FX management rules for businesses more flexible.

Enforcement

UK SFO Charges Ex-Glencore Employees Over Bribery Scheme

03/08/2024

Five former Glencore employees are charged with conspiring to make corrupt payments to benefit the company’s oil operations in West Africa.

Enforcement

China Launches Corruption Probes Into More Former Officials

03/08/2024

New investigations launched into officials from the SSE, CSRC, ICBC, China Construction Bank, and Export-Import Bank of China, among others.

Crypto / Digital Assets

Futu Launches Crypto Services for Hong Kong Retail Investors

03/08/2024

Futu Securities International is the first online broker in Hong Kong to offer crypto trading services to retail investors.