Securities / Derivatives

SEBI Raises Limit for Debt Investments via UPI Mechanism

11/03/2022

The limit for investments in debt securities via the UPI mechanism is being increased from INR 200,000 to INR 500,000, effective 1 May 2022.

Market Infrastructure

UPDATED – US LIBOR Legislation Advances in Omnibus Bill

11/03/2022

The bill is based on legislation that passed the House in December, and is similar to a law enacted by New York state and others in the past year.

Market Infrastructure

HKEX to Launch Derivatives Holiday Trading on 9 May

11/03/2022

The first suite of products to be added to Derivatives Holiday Trading will be all MSCI futures and options contracts.

Taiwan FSC Approves Relaxations on OBU Account Use

10/03/2022

Companies are given greater flexibility to open and use offshore banking unit accounts held with domestic banks to take out foreign currency loans.

Securities / Derivatives

ASX Proposes New Fee Model for Issuer Services

10/03/2022

The new fee model is intended to be simpler and provide greater certainty to issuers about ASX charges for issuer services.

Sanctions

China Widens Trading Band for Yuan-Ruble Currency Pair

10/03/2022

The existing 5 percent trading band around a daily midpoint set by the PBOC is making it difficult to price the exchange rate amid heightened ruble volatility.

Big Picture

Standard-setters Assess Adequacy of CCP Resolution Tools

10/03/2022

New report analyses default and non-default loss scenarios potentially extreme enough to require the use of CCP recovery and resolution tools.

AML / KYC

Singapore Court Imposes 9 Year Jail Sentence for IRAS Fraud

10/03/2022

230 companies, mostly dormant and shell companies, were used to submit 400 fraudulent applications claiming tax breaks.

AML / KYC

Philippine AMLC Extends Deadline for DNFBP AML Programmes

10/03/2022

The deadline for DNFBPs to formulate a money laundering and terrorism financing prevention programme has been extended to June.