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.

Securities / Derivatives

TWSE Launches New Platform to Promote ETF Market

23/08/2023

The so-called ‘ETFortune’ platform provides investors with information about the ETF market and allows them to screen funds based on investment strategy.

Enforcement

Two Former JPMorgan Traders Jailed on Spoofing Charges

23/08/2023

Gregg Smith was sentenced to two years in prison, while Michael Nowak was sentenced to one year and one day in prison.

Crypto / Digital Assets

Korean City Set to Seize Crypto Assets from Tax Evaders

23/08/2023

The Cheongju City government has ordered seven crypto exchanges to submit a report on the crypto holdings of 8,250 people, who each owe over KRW 1 million in tax.

Fintech / Regtech

Swift Achieves FSB Speed Target for Cross Border Payments

23/08/2023

89% of transactions processed on the Swift network now reach recipient banks within one hour. The FSB target was 75% by 2027.