Securities / Derivatives

SEBI Tightens Norms on Issuance of ODIs by FPIs

18/12/2024

New requirements on the issuance and use of offshore derivative instruments by FPIs are being introduced to prevent regulatory arbitrage.

Crypto / Digital Assets

OFAC Sanctions Two for Funnelling Illicit Proceeds to North Korea

18/12/2024

The two individuals are part of a network led by Sim Hyon Sop, a sanctioned China-based banking representative who helps North Korea launder money.

Enforcement

ASIC Sues Binance Over Misclassification of Retail Clients

18/12/2024

Binance offered crypto derivative products to over 500 Australian retail investors who were misclassified as wholesale clients.

Fintech / Regtech

Singapore, Australia Sign MOU to Expand Cooperation on AI

18/12/2024

Singapore’s Josephine Teo said the MOU opens new doors for AI collaboration across research institutes, businesses and government.

Market Infrastructure

HKEX Confirms Plans to Reduce Tick Sizes in Securities Market

18/12/2024

HKEX will proceed with its proposal to reduce minimum spreads of equities, REITs, and equity warrants in two phases.

Securities / Derivatives

FCA Proposes Rules for New Stock Market for Private Companies

18/12/2024

PISCES will allow private and other unquoted UK and overseas companies to trade their securities during intermittent trading windows.

Sanctions

UK Imposes Sanctions on 20 More Russian Shadow Fleet Vessels

18/12/2024

Shadow fleet ships are left “idling uselessly outside ports, which is costing Putin and his war effort millions in wasted funds,” the UK said.

Securities / Derivatives

GFEX Set to Launch New Polysilicon Futures, Options Contracts

18/12/2024

The new contracts are expected to help address rising price volatility and provide a key risk management tool for China’s solar supply chain.

Sanctions

OFAC Sanctions 20 Targets Linked to Global Drug Trafficking

18/12/2024

The sanctions targets, located across seven countries, include Australian David Thackray and New Zealander Ho Kai Leung.