Securities / Derivatives

Thailand to Tighten Rules on Short-Selling, Algorithmic Trading

12/03/2024

The SEC will shrink the pool of listed stocks eligible for short-selling, impose daily limits on short-selling, and require securities firms to help it police the market.

Capital / Liquidity

RBNZ Issues Further Consultation on Deposit Protection Scheme

12/03/2024

The new Depositor Compensation Scheme will become operational in mid-2025, more than one year later than the initial plans.

AML / KYC

FATF Issues Final Guidance to Support Implementation of R.25

12/03/2024

The guidance explains requirements to obtain adequate, accurate and up-to-date UBO information for express trusts and similar legal arrangements.

AML / KYC

SEBI’s FPI Disclosure Rules Create Anxiety for Foreign Funds

12/03/2024

Requirements for FPIs to disclose information about their investors present legal, regulatory and practical challenges for foreign funds.

Crypto / Digital Assets

UK FCA to Allow Recognised Exchanges to Offer Crypto ETNs

12/03/2024

The London Stock Exchange has already confirmed it will start accepting applications for Bitcoin and Ethereum ETNs in Q2 2024.

Big Picture

INTERPOL Unveils Results of Global Fraud Risk Assessment

12/03/2024

The assessment specifically identifies Asia as being the “focal point” of pig butchering fraud schemes, especially in poorer countries across the region.

AML / KYC

Canadian FIs Required to Treat Russia as FATF-Blacklisted

12/03/2024

A ministerial directive requires Canadian FIs to treat every financial transaction connected to Russia as high-risk regardless of size.

Market Infrastructure

SFC Chairman Proposes Adjustment to Stock Connect Threshold

11/03/2024

SFC Chairman Tim Lui has asked mainland policymakers to lower the minimum asset requirement for mainlanders to invest in Hong Kong via Stock Connect.

Crypto / Digital Assets

Bankrupt BlockFi to Achieve Full Recovery for Customers

11/03/2024

BlockFi reached an agreement allowing it to recover $874.5mn from the estates of FTX and Alameda Research, subject to approval by a US bankruptcy judge.