Market Infrastructure

BRICS Nations Invite Six Nations to Join as Members

27/08/2023

BRICS officials will develop measures to reduce their reliance on the USD in trade, in favour of using local currencies.

Securities / Derivatives

SEBI to Allow NRIs, OCIs to Invest More in GIFT City via FPIs

27/08/2023

SEBI proposes to allow IFSCA regulated FPIs to accept higher levels of investment from Indian citizens residing overseas.

China Eases Mortgage Rules to Boost Property Market

27/08/2023

The new measures will allow more individuals to be treated as first-time homebuyers, which means better mortgage rates and lower down payments.

Sanctions

New Zealand Joins US, UK in Sanctions over Treatment of Ukrainian Children

27/08/2023

The New Zealand and US sanctions coincided with Ukrainian Independence Day on 24 August.

AML / KYC

HK Police Arrest 11 in HK$124m Money Laundering Case

27/08/2023

Police believe the laundered funds could be tied to more than 20 fraud cases, including email and loan scams, and commercial and investment fraud.

Market Infrastructure

Vietnam to Launch New Securities Trading System in December

26/08/2023

The new system has already been delayed several years due to the Covid-19 pandemic and other factors. Securities firms are still behind schedule on testing.

ESG / Sustainability

Indonesia’s OJK Issues New Rules for Carbon Trading

26/08/2023

The rules set out how OJK will supervise carbon trading ahead of the planned launch of Indonesia’s first carbon exchange by end-September.

ESG / Sustainability

185 Countries Launch Global Biodiversity Framework Fund

25/08/2023

Canada and the UK are together providing about $160mn in seed money to set up the fund, which was first agreed in December 2022.

Enforcement

Indonesia OJK Issues New Regulations on Criminal Investigations

25/08/2023

The new regulations empower OJK to decide whether to pursue investigations, and agree to resolutions with the parties responsible for a criminal offence.