Securities / Derivatives

China Officially Launches Voluntary Private Pension Scheme

25/04/2022

Employees will be allowed to contribute up to CNY 12,000 annually to individual pension accounts, which can be invested in relatively lower risk and longer-term financial products.

Enforcement

Australian Court Orders Westpac to Pay A$113m in Penalties

25/04/2022

The penalties are the result of six proceedings brought by ASIC in November. Westpac had already agreed to pay the penalties and customer remediation.

Securities / Derivatives

SEHK Adopts New Rules for Bookbuilding, Placing Activities

25/04/2022

The listing rule amendments, due to take effect in August, are a consequence of changes to the Code of Conduct finalised by the SFC in October.

AML / KYC

European Crypto Firms Push Back Against Proposed Regulations

24/04/2022

Crypto firms say requiring them to disclose transaction details and wallet addresses will undermine the privacy and safety of digital asset owners.

Capital / Liquidity

RBI Eases Capital Raising Restrictions for Rural Coop Banks

24/04/2022

Rural cooperative banks can raise capital by issuing preference shares, perpetual debt instruments or long term subordinated bonds.

Enforcement

US Agencies Target MoneyGram Over Delayed Remittances

24/04/2022

The complaint says the delays caused harm to recipients who were waiting for their money that had become “stuck in” or “looped” in MoneyGram’s systems.

Market Infrastructure

Thailand Relaxes Foreign Exchange Regulations for Businesses

24/04/2022

The BOT is scrapping a $50mn annual limit on lending to unaffiliated companies in foreign countries, as well as limits on purchases of overseas real estate.

AML / KYC

TBML: Bangladesh Banks Ordered to Implement Vessel Tracking

24/04/2022

Bangladesh Bank issued the order to ensure banks comply with guidelines issued by BFIU requiring them to establish vessel-tracking systems.

Securities / Derivatives

SZSE Issues Guidance on Funding Infrastructure REIT Acquisitions

23/04/2022

The proposed guidelines seek to improve the ability of listed infrastructure REITs to issue more shares to fund acquisitions and optimise their portfolios.