Crypto / Digital Assets

Chinese Courts Rule Sales Agreement Involving Crypto as Invalid

26/06/2022

The court said virtual currencies are not legal tender, referencing the 2017 declaration from the PBOC. A higher court upheld the ruling.

Securities / Derivatives

ASIC Demands More Transparent Communications from Super Trustees

26/06/2022

The communication strategies of some trustees may have risked confusing or misleading members about their product’s performance, ASIC said.

Market Infrastructure

Court Rules Foreign Banks Must Face LIBOR Lawsuits in US

26/06/2022

The Supreme Court has allowed lawsuits accusing foreign banks of manipulating LIBOR to be heard in New York even though the banks did not operate in the US.

Securities / Derivatives

CFFEX Proposes to Launch New Derivatives Based on CSI 1000 Index

26/06/2022

New futures and options contracts will be based on the CSI 1000 index, which is considered a comprehensive reflection of the small A-share market.

Securities / Derivatives

SEBI Reviews Plans to Allow FPI Access to Commodity Derivatives

26/06/2022

SEBI asked large market participants to recommend risk management measures needed to allow FPI participation in exchange-traded commodity derivatives.

RBI Gets Recommendations on Streamlining Regulatory Requirements

25/06/2022

The RBI’s Regulations Review Authority has also recommended the total elimination of paper-based returns.

Securities / Derivatives

OJK Indonesia Restricts Stock Trading by Finance Companies

25/06/2022

Indonesia’s OJK also introduced new reporting requirements for securities companies conducting business as underwriters and broker-dealers.

Securities / Derivatives

ICMA Issues Guidance to Promote Bond Settlement Efficiency

25/06/2022

The best practice recommendations cover shaping of settlement instructions, partial settlement, auto-borrowing and netting.

Market Infrastructure

HKEX Instructs Market to Stop Issuing BCANs to Mainland Investors

24/06/2022

The instructions follow a December 2021 consultation from the CSRC that said Mainland investors would not be allowed to engage in northbound Stock Connect trading.