Conduct, Culture & Accountability

SEBI Issues New Advertising Rules for Advisers, Analysts

06/04/2023

SEBI’s new rules seek to curb misleading investment advertisements and address the use of unregistered brand names, trade names and logos.

Cloud & Infrastructure

BNM Proposes to Introduce ‘Green Lane’ for FinTech Sandbox

06/04/2023

The ‘Innovation Green Lane’ will offer a more risk-proportionate and accelerated pathway for innovative solutions by financial institutions with strong risk management capabilities.

Market Abuse

ICBC Under Probe for Underwriting, Bond Pricing Practices

06/04/2023

The pricing of debt financing instruments underwritten by ICBC “seriously deviated from the reasonable level of the market” and “disturbed the market order”.

Clearing & Post-Trade

UBS Executes Cross-border Intraday Repo on Broadridge Blockchain Platform

06/04/2023

Intraday repo provides a more efficient means of managing liquidity, while also providing additional funding flexibility and reducign operational risk.

Market Abuse

UPDATED – HK Police Charge 10 Suspects for Ramp-and-Dump Activities

06/04/2023

Four of the individuals are alleged to have conspired with some of the individuals who were charged last September to use nominee accounts to corner the shares of two target stocks.

Structural Regulation

Malaysia Issues 2nd Consultation on New Consumer Credit Act

06/04/2023

The new consultation paper covers licensing, financial, governance and conduct requirements for unregulated credit services including BNPL providers.

Fraud, Scams & Cybercrime

‘Genesis’ Darknet Market Sanctioned and Shuttered by Authorities

06/04/2023

Law enforcement arrested 119 people and conducted 208 property searches in connection with Genesis Market, a criminal marketplace believed to be located in Russia.

Cryptocurrency

UPDATED – Binance Faces Added Regulatory Pressures Amid CFTC Charges

05/04/2023

Dubai’s VARA is asking Binance for more information. ASIC is meanwhile reviewing Binance’s Australia derivatives business and has cancelled its licence.

Trading & Investment

FDIC Retains BlackRock Unit to Sell SVB, Signature Bank Securities

05/04/2023

The FDIC retained BlackRock Financial Market Advisory to sell about $114bn in securities. Signature Bank loans still in receivership will be marketed “later this summer”.