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.

Sanctions

US Adds Indian Firm to Entity List, Highlights Export Controls on Russia

20/11/2023

Commerce Department accuses the firm of supplying US-origin circuits to Russian defence companies, while also targeting firms supplying US-origin airline parts to Venezuela.