PBOC Issues New Rules for FHCs on Related-Party Transactions

12/02/2023

Financial holding companies have to set upper limits for related-party transactions and establish systems for their management, reporting and disclosure.

Securities / Derivatives

SEBI Proposes Slew of Rule Changes for Alternative Investment Funds

12/02/2023

SEBI proposes to eliminate upfront fees charged to investors in AIFs, and to require mandatory dematerialisation of AIF units, among other changes.

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.