Sanctions

UK, South Korea to Cooperate on North Korea Sanctions Patrols

23/11/2023

Agreement calls for greater naval cooperation to detect and thwart violations of UN sanctions off the coast of North Korea.

Capital / Liquidity

Taiwan to Defer Implementation of Basel III Standards

22/11/2023

Implementation will be deferred to 1 January 2025 in light of other countries also postponing implementation.

Crypto / Digital Assets

KoFIU Outlines Expectations for VASPs Facing Business Closure

22/11/2023

VASPs planning to terminate their services should give users at least one month notice and ensure users’ assets are protected.

Securities / Derivatives

HKEX Introduces Reforms to Allow IPO “Double Dipping”

22/11/2023

The reforms allow existing shareholders and cornerstone investors of a listing applicant to subscribe for or purchase further securities.

Securities / Derivatives

TAIFEX Partners CME Group, Nasdaq to Launch Semiconductor Futures

22/11/2023

New contract will make TAIFEX the only non-US exchange to list futures for four major US equity indexes.

Crypto / Digital Assets

ICMA Offers Analysis of Risk Disclosures Used to Issue DLT-based Bonds

22/11/2023

The analysis identifies additional risk factors that feature in bond offering documents to address risks specific to the use of DLT.

AML / KYC

US Authorities Secure Multi-Billion Dollar Settlement from Binance

21/11/2023

Binance CEO Changpeng Zhao stepped down as part of the settlement with DOJ, FinCEN, OFAC and CFTC. SEC case not mentioned.

Crypto / Digital Assets

SEC Charges Crypto Firm Kraken for Operating Without Registration

21/11/2023

The SEC said Kraken’s failure to register deprived investors of “significant protections” and “safeguards against conflicts of interest”.

Securities / Derivatives

HKEX to Implement Position Limit Changes on 22 December

21/11/2023

The enhancements will boost the vibrancy and attractiveness of Hong Kong’s markets, said HKEX’s said Wilfred Yiu.