Singapore FIDReC Proposes to Raise Adjudication Award Limit

09/01/2024

The adjudication award limit is set at SGD 100,000, however FIDReC says the number of claims exceeding this limit has risen in recent years.

Fintech / Regtech

BSP Proceeds With Soft Launch of New ITRS System

09/01/2024

The soft launch of the new International Transaction Reporting System commenced as planned on 8 January. Full implementation is deferred from April to June.

Capital / Liquidity

China Proposes Revised Rules for Financial Leasing Sector

09/01/2024

The NFRA added a new financial leverage indicator and new liquidity supervision indicators for financial leasing company evaluations.

Enforcement

China to Prosecute Former Everbright Group Chairman

09/01/2024

Tang Shuangning became the second former chairman of China Everbright Group to be dismissed from the CCP in recent months.

Crypto / Digital Assets

Thai SEC Proposes Changes to Digital Assets Licensing Process

09/01/2024

The SEC said the changes will enhance the efficiency of the licensing process and ensure greater clarity and appropriateness of the regulatory framework.

ESG / Sustainability

Malaysia Set to Consult on Local Use of ISSB Standards 

09/01/2024

A six-week public consultation will be launched next month to solicit views and feedback on implementing the ISSB standards.

Securities / Derivatives

China Allows Funds to Be Net Sellers of Equity – Report

09/01/2024

The policy shift reverses window guidance issued last year asking funds to avoid being net sellers of equities on any trading day.

Crypto / Digital Assets

Singapore: AsiaNext Launches Trading in Crypto Derivatives

09/01/2024

AsiaNext said its trading members already include B2C2, Wintermute Group, JB Drax Honoré and Trovio Group.

Market Infrastructure

PBOC Pledges to Further Open Access to Bond Market

08/01/2024

The PBOC said it will continue to strengthen China’s financial market to make it more standardised, transparent, open, dynamic and resilient.