Market Infrastructure

Shanghai, Shenzhen Bourses Pledge Measures to Stimulate Markets

15/08/2023

The measures are designed to stimulate market vitality, enhance transaction convenience and smoothness, and continuously improve market attractiveness.

Crypto / Digital Assets

US Prosecutors File Amended Indictment Against Sam Bankman-Fried

15/08/2023

The new indictment drops a campaign finance charge but includes an illegal campaign finance scheme as part of original fraud and money laundering charges.

Market Infrastructure

DTCC Kicks Off T+1 Settlement Testing Programme

15/08/2023

The testing programme was designed to support full end-to-end testing of the various processes impacted by the T+1 functional changes.

Enforcement

UBS Settles RMBS-related Misconduct Lawsuit for Over $1.4b

15/08/2023

The settlement brings the total amount of civil penalties paid by firms for failed RMBS leading up to the 2008 financial crisis to over USD 36 billion.

Securities / Derivatives

SEBI Reduces Investor Exit Window for AMC Change in Control

14/08/2023

The exit option window period is reduced from 30 to 15 calendar days after a change in control of the AMC is announced.

Securities / Derivatives

New Rules Could Force a Third of China’s Hedge Funds to Close

14/08/2023

Almost 35,000 hedge fund products in China will fall under the new CNY 10 million minimum asset requirement set to take effect in September.

Crypto / Digital Assets

MUFG, NTT Data Announce Partnership on Digital Corporate Bonds

14/08/2023

NTT Data will connect its corporate bond issuance infrastructure directly to MUFG’s Progmat platform for issuing security tokens.

Securities / Derivatives

FSC Korea Specifies New Rules Under Revised Asset Securitisation Act

14/08/2023

The FSC more companies to be able to smoothly raise funds through asset securitisation once the Act and its subordinate statutes take effect on 12 January 2024.

Market Infrastructure

China State Council Unveils 24 Measures to Lure Foreign Firms

14/08/2023

Measures include commitment to explore enhanced mechanism for cross-border data flows, and a “green channel” for foreign firms to carry out security assessments for the export of data.