China Expands State Secrets Law to Include “Work Secrets”

28/02/2024

The expanded law may make it more difficult for foreign firms to access information for making decisions regarding their China operations.

Securities / Derivatives

HKEX to Launch Self-Match Prevention Service Within Q1

27/02/2024

Testing of the service for the securities market is complete. Firms are encouraged to join a practice session on 9 March to ensure readiness for the launch.

Securities / Derivatives

Malaysia Commits to Cutting IPO Approval Time to Three Months

27/02/2024

IPO applications submitted from 1 March 2024 will take just 3 months for approval, down from the current 4-12 months typically required.

Market Infrastructure

EU Council Adopts New AIFMD, UCITS Rules

27/02/2024

The new rules enhance the integration of asset management markets in Europe, the European Council said.

Securities / Derivatives

Malaysia SC Extends REITs Annual Report Timeline

27/02/2024

This adjustment aligns the reporting timeline for listed REITs with that of public-listed companies, the SC said.

Sanctions

Ukraine Calls on FATF to Take Stronger Action on Russia

26/02/2024

Russia has been procuring missiles from Iran and North Korea for use against Ukraine in violation of UN sanctions, the Ukrainian Finance Ministry said.

Sanctions

Sanctions Against Chinese Firms are “Unlawful” – MOFCOM

26/02/2024

China’s Ministry of Commerce said the sanctions will have a negative impact on economic and trade relations with the EU and UK.

Market Infrastructure

Australian Senator Calls for New Financial System Inquiry

26/02/2024

Senator Andrew Bragg said ASIC and APRA are failing in their mandates and that the twin peaks model has “had its day”.

Sanctions

Russia is Procuring Tank Parts Made in Japan, Taiwan via China

25/02/2024

A Belarusian-owned company in Shenzhen has reportedly been acquiring tank parts from Japanese and Taiwanese manufacturers for use by Russia.