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.

Crypto / Digital Assets

US Prosecutors Unveil More Charges Against FTX Founder

26/02/2023

The additional charges allege that Sam Bankman-Fried conspired to commit bank fraud and to make more than 300 illegal political donations.

Market Infrastructure

FSB Sets Out Next Steps for Enhancing Cross-border Payments

26/02/2023

The next phase of work focuses on payment system interoperability, legal and regulatory frameworks, and cross-border data exchange.

Market Infrastructure

UK Version of EMIR Refit to Take Effect from 30 Sept 2024

26/02/2023

The FCA and BOE have set out the final changes to the derivatives reporting framework under UK EMIR. Draft validation rules and XML schemas are open for feedback.

Crypto / Digital Assets

Crypto-focused Custodia Bank Continues to Pursue Fed Master Account

26/02/2023

The Fed board refused to reconsider its decision to reject Custodia Bank’s application to become a member of the Federal Reserve System.

AML / KYC

FATF Adds South Africa, Nigeria to Grey List

25/02/2023

The South African Reserve Bank said it has a zero-tolerance approach to abuse of the financial system by money launderers or terrorist financiers.

AML / KYC

FATF Suspends Russia’s Membership Over Ukraine War

25/02/2023

Russia’s actions “unacceptably run counter” to the FATF core principles aiming to promote security, safety, and the integrity of the global financial system.