Sanctions

Australian Court Rejects Sanctions Challenge from Rusal Founder

09/02/2024

The Federal Court ruled that the sanctions imposed on Russian oligarch Oleg Deripaska were valid and proportionate.

Enforcement

Australian Court Rules Yield-earning Crypto Product Illegal

09/02/2024

The Federal Court ruled that Block Earner was offering unlicensed financial services through its “Earner” product.

Securities / Derivatives

US SEC Approves Post-trade Transparency Rule for Treasury Market

09/02/2024

Post-trade transparency in the Treasury markets will for the first time be on a trade-by-trade basis, rather than aggregated.

Securities / Derivatives

Goldman Agrees to Penalties for Trade Surveillance Failures

09/02/2024

Goldman did not include some of the securities it traded in surveillance reports between February 2009 and mid-April 2023.

AML / KYC

New FinCEN Rule Targets Money Laundering in Real Estate

09/02/2024

Certain real estate professionals would be required to report all-cash transfers of residential real estate to legal entities or trusts.

ESG / Sustainability

Major Chinese Bourses Issue Sustainability Reporting Guidelines

09/02/2024

Companies in the SSE 180, STAR 50, SZSE 100, and ChiNext indexes, and those dually listed overseas, have to report in line with the new guidelines by 30 April 2026.

Securities / Derivatives

Taiwan FSC Seeks to Launch Active ETFs by June – Reports

09/02/2024

The FSC has collected industry views on its proposals to allow active ETFs and is examining regulatory developments in other markets before finalising its rules.

Market Infrastructure

EU Agrees on ‘Active Account’ Requirement to Boost EU CCPs

08/02/2024

The active account requirement is aimed at reducing the EU’s heavy reliance on London for clearing euro derivatives.

Crypto / Digital Assets

HK Breaks New Ground With Digital Green Bond Issuance

08/02/2024

This is the first multi-currency digital bond offering in the world, and the first digitally native bond issuance in Hong Kong.