Sanctions

US, UK Issue New Iran Sanctions Over Red Sea Attacks

28/02/2024

The US actions include sanctions on two Hong Kong companies that own vessels which ship Iranian commodities.

Sanctions

Russia Closer to Allow Digital Assets in International Settlements

28/02/2024

Approval of draft legislation by Russian lawmakers comes amid threats that the US would sanction third-country FIs that facilitate trade with Russia.

Fintech / Regtech

Taiwan: FSC Offical Says No Need for BNPL Regulation

28/02/2024

FSC official said judicial and police authorities can already take action against BNPL operators that engage in illegal activities such as usury or illegal debt collection.

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.