Securities / Derivatives

SEBI Loosens Rules on Meeting Minimum Public Float Requirement

11/02/2023

Listed companies are allowed to increase public float through the exercise of options, the allotment of shares under an ESOP, and by selling promoter shares to an ETF.

Crypto / Digital Assets

Russian National Pleads Guilty to Money Laundering Conspiracy

11/02/2023

The Russian national and unnamed co-conspirators allegedly laundered at least USD 70 million in ransom proceeds using cryptocurrency.

Fintech / Regtech

Australia to Review Modernising Business Registers Programme

11/02/2023

The programme involves consolidating dozens of registers into a single platform run by a one-stop shop service.

Market Infrastructure

China: NDRC Establishes New Foreign Debt Regulatory Regime

10/02/2023

The new regime also covers indirect borrowings by Chinese enterprises and entities they control, as well as foreign debt incurred under red-chip and VIE structures.

Crypto / Digital Assets

Laos Launches CBDC Proof of Concept with Soramitsu

10/02/2023

The PoC aims to assess how a CBDC can promote financial inclusion, improve cross-border remittances, and modernise Laotian payment systems.

Singapore Proposes to Permanently Allow Electronic Meetings

10/02/2023

Under proposed amendments, companies, VCCs and business trusts will continue to have the option of conducting fully virtual or hybrid general meetings.

AML / KYC

Japan FSA Issues Draft Rules for Travel Rule Implementation

10/02/2023

The rules will implement laws passed in Japan last year, establishing requirements for Japanese crypto firms to comply with the travel rule.

Crypto / Digital Assets

US SEC Fines Kraken, Forced Shutter of Crypto Staking Programme

10/02/2023

Commissioner Hester Peirce disagreed with the action, saying there isn’t sufficient guidance on the SEC’s regulatory approach to staking programmes.

Chinese Regulators Uneasy Over Surge in Early Mortgage Repayments

09/02/2023

The mortgages are being repaid early due to high interest rates and low returns from wealth management products. Early repayment affects bank profits and reduces consumption.