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.

Securities / Derivatives

Taiwan to Allow Foreign Investors to Pledge Local Shares for Loans

25/11/2022

Foreign institutional investors will be able to borrow funds from domestic financial institutions using local equities as collateral.

Enforcement

HK Court Orders Investment Company to Compensate Clients

25/11/2022

The investment firm sold clients’ securities without authorisation, misappropriated the proceeds, and fabricated documents to conceal the transactions.

Market Infrastructure

UK Finalises South Korea Data Adequacy Decision

25/11/2022

UK organisations will be able to securely share personal data, including credit information, with South Korea before the end of the year.