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.

Market Infrastructure

Swap Connect Launch Facing Likely Delay – Report

25/11/2022

Opening China’s USD 5 trillion swap market to foreign investors will enable them to better manage interest rate risks arising from Chinese bond investments.

Securities / Derivatives

ASIC Issues Updated Guidance on ETP Naming Conventions

25/11/2022

ETP naming conventions are divided into two levels: primary labels which indicate product type, and secondary labels which indicate specific risks or strategies.

Securities / Derivatives

SGX Issues New Standards for Virtual/Hybrid General Meetings

25/11/2022

The standards cover the functional capabilities, availability levels, and recovery provisions of systems that enable issuers to hold virtual and hybrid general meetings.