Fintech / Regtech

Malaysia SC Registers Two IEO Platform Operators

24/03/2022

The Initial Exchange Offering platform operators are given nine months to comply with regulatory requirements before they can commence operations.

Securities / Derivatives

SET to Step Up Measures to Address Irregular Trading

23/03/2022

The Stock Exchange of Thailand has received SEC approval to tighten its market surveillance measures, effective from 4 April.

Enforcement

ACCC Launches Court Proceedings Over Crypto Ads on Facebook

23/03/2022

The ads contained links to fake media articles containing quotes attributed to public figures endorsing cryptocurrency or money-making schemes.

Securities / Derivatives

ASX to Implement Fallbacks in OTC Interest Rate Derivatives

23/03/2022

From 27 June, all OTC Open Contracts cleared by ASX, including legacy trades, will be treated as if they incorporated fallback provisions contained in the 2021 ISDA Definitions.

Securities / Derivatives

Chinese Firms Asked to Prepare Audit Documents for US Regulators

23/03/2022

US-listed companies including Baidu, JD.com and Alibaba have reportedly been asked by Chinese regulators to prepare audit documents for US regulators.

Securities / Derivatives

SEBI Eases Norms on Mutual Fund Transactions by Investors

23/03/2022

Norms prohibiting the use of one-time mandates to accept payments for mutual fund transactions have been eased.

Taiwan FSC Asks Banks to Automate Reporting Workflows

23/03/2022

All domestic and foreign banks are asked to integrate APIs in their workflows for reporting financial statements from January 2023.

ESG / Sustainability

HKEX Lists Hong Kong’s First Carbon Futures ETF

23/03/2022

The ETF, managed by CICC’s Hong Kong asset management unit, tracks the performance of a long-only basket of European Union Allowance futures contracts.

Fintech / Regtech

Malaysian Minister Calls for Adoption of Bitcoin as Legal Tender

23/03/2022

Deputy minister Zahidi Zainul Abidin says the government should consider adopting bitcoin and other cryptocurrencies as legal tender.