Securities / Derivatives

SEBI Restricts Activities of AIFs Using Priority Distribution Models

26/11/2022

Effective immediately, AIF schemes with priority distribution models are barred from accepting fresh investments and investing in new companies.

Fintech / Regtech

FSC Korea Outlines Reforms to Provide Boost to Insurance Sector

26/11/2022

The reforms will promote digital marketing and sales channels, product innovation, and ease insurance asset management rules to enable more efficient portfolio management.

Fintech / Regtech

UK, Singapore to Deepen Collaboration on FinTech, Sustainable Finance

26/11/2022

The UK and Singapore agreed to deepen cooperation on FinTech and sustainable finance, including to explore a global framework for regulating ESG ratings and data providers.

Market Infrastructure

CSRC Issues Technology Standards for Securities, Futures Firms

26/11/2022

Seven new standards include guidance to help firms improve information security, protect key data including client information, and ensure the continuity of their IT services.

ESG / Sustainability

ISDA Identifies Opportunities to Standardise SLD Terms

26/11/2022

ISDA describes sustainability-linked derivatives as typical derivatives transactions with an ESG add-on that affects payment flows.

AML / KYC

Bangladesh Bank Call on Banks to Address Trade Mis-Invoicing

25/11/2022

Bangladesh Bank calls on banks and NBFIs to help stop over- and under-invoicing as they are causing the government to lose revenue and foreign currency.

China Tightens Rules for Banks on Commercial Bill Business

25/11/2022

The changes will help prevent false trade invoices, promote the resilience of industrial supply chains, and improve overall market fairness and transparency.

Securities / Derivatives

SEBI Proposes Changes to Stock Buyback Process

25/11/2022

SEBI proposes to phase out the open market route as a buyback mechanism and to increase the limit for buybacks via the tender offer route.

Crypto / Digital Assets

INTERPOL Operation Sees $129m in Crypto Assets Seized

25/11/2022

Operation Haechi III resulted in the arrest of 975 individuals and allowed investigators to resolve more than 1,600 fraud and scam cases.