Market Infrastructure

CPMI Offers Central Banks Guidance on Liquidity Bridges

08/09/2022

Central bank liquidity bridges can reduce FX, credit, financial stability risks, and enhance cross-border payments by reducing funding costs.

Securities / Derivatives

HKEX to Enhance Obligations for Stock Options Market Makers

08/09/2022

A first phase of enhancements will take effect on 31 October 2022. A second phase will be implemented in H1 2023, subject to market readiness.

Crypto / Digital Assets

Thai SEC Advances Work to Revamp Rules for Crypto Firms

08/09/2022

The SEC will appoint a working group to consider amendments to the regulatory framework. Separately, it has filed a police complaint against Zipmex.

Market Infrastructure

JPX, CFFEX Agree to Cross-Promote Derivatives Products

08/09/2022

The arrangements includes the promotion of derivatives trades to enhance the liquidity of ETFs listed under the Japan-China ETF Connectivity scheme.

Enforcement

Australia: ABN AMRO Penalised Over Block Trading Rule Breach

08/09/2022

ABN AMRO Clearing Sydney registered ASX SPI 200 Futures block trades that included split allocations below the Minimum Value Threshold.

Securities / Derivatives

Tokyo Bourse to Allow First Active ETF Listings by Mid-2023

08/09/2022

The TSE is reportedly looking to modify a rule which currently only permits index-linked (passive) ETFs to be listed on the exchange.

Australian Treasury Commences Review of Superannuation Reforms

08/09/2022

Australia’s Treasury said it is looking to identify unintended consequences and implementation issues arising from the YFYS laws passed in 2021.

Fintech / Regtech

Korea to Launch KRX-Operated Digital Securities Market

07/09/2022

Security token guidelines will be published in Q4 2022, and rule changes will be made next year to establish a system for issuance and distribution.

Securities / Derivatives

China Raises Bar for Sponsors to Ensure Fair IPO Pricing

07/09/2022

Investment bankers engaged in IPO deals are prohibited from discussing earnings estimates and valuations with analysts, to ensure their independence.