Securities / Derivatives

CSRC Issues Rules on Short-term Stock Trading by Company Insiders

25/07/2023

The rules apply to major shareholders, directors, supervisors, and senior managers of listed companies, as well as their spouses, parents, and children.

Market Infrastructure

EU Reaches Agreement on Rule Enhancements for Investment Funds

25/07/2023

AIMA’s deputy CEO Jiri Krol said some restrictions are “difficult to justify” but that AIMA has worked with policymakers to ensure they are “better defined and calibrated”.

Sanctions

EU Imposes Seventh Round of Sanctions on Myanmar

25/07/2023

The EU imposed sanctions on six individuals and one entity for “continuing escalation of violence” and human rights violations.

Fintech / Regtech

White House Secures Commitments on Responsible AI Development

24/07/2023

White House secured commitments from Amazon, Anthropic, Google, Inflection, Meta, Microsoft, and OpenAI.

Capital / Liquidity

EBA Initiates Consultation on Climate Risk Data Collection

24/07/2023

EBA initiates climate data consultation with EU banks for Fit-for-55 climate risk analysis in collaboration with ESAs, ECB, and ESRB.

AML / KYC

Worldcoin Crypto Project Officially Launches

24/07/2023

The project uses a small device called an “orb” to scan people’s eyeballs in order to generate a unique digital identity.

Fintech / Regtech

India, Sri Lanka Sign UPI Acceptance Agreement

24/07/2023

India and Sri Lanka signed a network-to-network agreement to enable UPI acceptance in Sri Lanka.

China to Loosen Rules on Foreign Investment in Asset Management Firms

24/07/2023

The draft rules will relax regulations on foreign investment in asset management businesses as part of a drive to attract more overseas investors.

Securities / Derivatives

HKEX Amends Listing Rules to Match CSRC’s Overseas Listing Requirements

24/07/2023

Mainland issuers seeking a listing in Hong Kong will have to submit to HKEX a CSRC notification that confirms their completion of the Mainland filing procedures.