Enforcement

New York AG Files Suit Against Crypto Exchange CoinEx

28/02/2023

CoinEx falsely represented itself as being an exchange and did not register as a securities and commodities broker-dealer.

Securities / Derivatives

Taiwan FSC Announcing Easing of Short Selling Restrictions

28/02/2023

The FSC has eased the limit on the volume of intraday securities lending orders and lowered short-sale margin requirements.

Fintech / Regtech

BondEvalue Approved to Operate Fractional Bond Exchange in GIFT City

28/02/2023

GIFT City members and their clients will be able to access institutional-grade USD bonds via BondbloX Exchange.

Fintech / Regtech

SEBI Issues New Advisory on Cybersecurity Practices

28/02/2023

The advisory calls on firms to take into account concentration risk when outsourcing multiple critical services to the same third party vendor.

Market Infrastructure

NSE India Wins Final Approval to Launch Social Stock Exchange

27/02/2023

NSE said the social stock exchange would provide a new avenue for social enterprises to finance social initiatives.

Enforcement

US SEC Penalises SPAC for Allowing Embezzlement by CFO

27/02/2023

A lack of internal controls and oversight allowed the SPAC’s CFO to misappropriate cash and falsify financial reports for over a year.

Securities / Derivatives

HKEX to Adjust Rules to Support CSRC’s New Overseas Listing Regime

27/02/2023

Listing applicants from the Mainland will have to submit to HKEX a notification issued by the CSRC confirming their completion of Mainland’s filing procedures.

Market Infrastructure

Stock Connect Trading Calendars Adjustments to Take Effect in April

27/02/2023

The trading calendar enhancements will add more than ten trading days to northbound and southbound Connect each year.

Securities / Derivatives

Korea to Enhance Regulatory Framework for Asset Securitisation

27/02/2023

The amendments aim to increase the flexibility of asset securitisation as a fundraising tool, while also improving transparency and risk management.