AML / KYC

Wolfsberg Group Updates Payment Transparency Standards

25/10/2023

The updated Standards support the use of the LEI in global payments, which GLEIF welcomed as a “strong endorsement”.

Securities / Derivatives

MAS to Streamline Regulatory Regime for Fund Managers

24/10/2023

The RFMCs regime will be repealed. Existing RFMCs will transition to become Licensed Fund Management Companies instead.

Enforcement

China’s Foxconn Investigation Making Investors Uneasy – Reports

24/10/2023

Reports suggest the investigation is politically motivated, because Foxconn founder Terry Gou is seeking Taiwan’s presidency.

Securities / Derivatives

Zhengzhou Exchange Launches Six New Commodity Options

24/10/2023

ZCE started trading options contracts staple fiber, soda ash, apples, manganese silicon, ferrosilicon and urea.

Crypto / Digital Assets

SG Court Allows Attaching of Tokenised Freeze Order to Crypto Wallets

24/10/2023

A court-issued freeze order was tokenised as NFTs and attached to wallets linked to a crypto hack.

Securities / Derivatives

CSRC Proposes Measures to Boost Dividend Payouts to Investors

24/10/2023

Listed companies are asked to increase their dividend payout ratios, increase the frequency of dividends, and avoid paying “abnormally high” dividends.

Securities / Derivatives

SEBI Offers Large Corporates Incentives to Issue Bonds

24/10/2023

Large corporates that raise more than 25 percent of their borrowing through debt securities will have to pay lower listing fees and Core SGF contributions.

Securities / Derivatives

China State Fund Buys ETFs to Support Stock Market

24/10/2023

State-controlled Central Huijin Investment did not disclose how much it invested in ETFs. Brokers estimate the amount around CNY 10 billion.

Enforcement

China: Former Stock Exchange Official Facing Bribery Prosecution

24/10/2023

Authorities said the former deputy general manager “still did not restrain himself” after the 19th and 20th National Congress, despite the high-pressure anti-corruption campaign.