Sanctions

OFAC Expands Sanctions on Jet Fuel for Myanmar Military

24/08/2023

One of the sanctioned individuals helps Myanmar’s military regime procure jet fuel through Singapore-based holding companies.

Fintech / Regtech

China Allows New Accounting Treatment of Data Resources

24/08/2023

Under the new rules, companies will be able to classify their data as intangible assets. Data held for sale can be recognised as inventories.

Enforcement

UK Energy Regulator Fines Morgan Stanley Over WhatsApp Use

24/08/2023

This is the first-ever fine issued in the UK for failures to record and retain electronic communications relating to energy market trades.

Capital / Liquidity

CPMI-IOSCO Takes Stock of CCP Practices for Addressing Non-default Losses

24/08/2023

CPMI and IOSCO intend to publicly consult on further guidance for CCPs on addressing NDLs arising from scenarios like system outages and cyber attacks.

Securities / Derivatives

SEC Adopts New Rules for Private Fund Advisers

24/08/2023

The new rules will help promote greater competition and thereby efficiency, said SEC chair Gary Gensler.

Market Infrastructure

China Announces Tax Incentives to Support Capital Market

24/08/2023

The tax benefits are applicable to depositary receipts, commodity futures, Stock Connect, the MRF programme, equity incentives and VC firms.

Securities / Derivatives

Beijing Exchange Optimises Stock Issuance and Listing Process

23/08/2023

The BSE said the improvements will reduce the overall time spent on pricing, issuance and listing from 13 trading days to just 10 trading days.

Securities / Derivatives

TWSE Loosens Rules for New Innovation Board

23/08/2023

Stocks on the Taiwan Innovation Board will be allowed to be used to obtain margin loans and in securities lending transactions.

Crypto / Digital Assets

Chinese Official Jailed for Life Over Crypto-related Bribery Scheme

23/08/2023

The former official was convicted for abusing his power and hiding crypto mining that used a tenth of his province’s electricity.