Cryptocurrency

UK Law Commission Proposes Reforms to Accommodate Crypto

01/08/2022

New consultation paper proposes explicit recognition of digital assets under law as a distinct category of personal property, provisionally called ‘data objects’.

Structural Regulation

ASIC Issues First Stop Orders Under DDOs Regime

01/08/2022

Three firms are required to temporarily stop offering their products to consumers due to deficiencies in their target market determinations.

Trading & Investment

India Launches First International Bullion Exchange

01/08/2022

The exchange is expected to facilitate efficient price discovery; ensure standardisation, quality assurance and sourcing integrity; and help bring more foreign traders to India.

Credit Risk

PBOC, State Banks to Refinance Stalled Property Projects

01/08/2022

The PBOC will provide CNY 200 billion in funding to state owned banks, which will be tasked with financing the resumption of stalled real estate projects.

Payments & Settlements

BSP to Ease Documentary Requirements for FX Transactions

31/07/2022

The BSP has proposed draft rules to ease the documentary requirements for registering inward investments and FX remittances to fund investments.

Conduct, Culture & Accountability

SFC Fines Hedge Fund Manager for Liquid Capital Deficit

31/07/2022

KTF Capital Management had a HK$20mn deficit between 13 and 18 December 2018 but misrepresented to the SFC that it maintained sufficient liquid capital during the period.

Trading & Investment

JPX Unveils Plans to Promote ‘New Capitalism’ Agenda

31/07/2022

JPX will develop an environment that promotes innovation and growth in companies, while also improving financial literacy and promoting asset building by households.

Payments & Settlements

RBI Allows Payment Aggregators Time To Obtain Licenses

31/07/2022

Companies already providing payment aggregator services now would be allowed until 30 September 2022 to submit licence applications

Reporting & Disclosures

NZ XRB Issues Final Consultation on Climate Reporting Standards

31/07/2022

The XRB intends to finalise the standards in December 2022. New Zealand’s first climate statements will be published in April 2024.