Securities / Derivatives

India Suspends Plan to Allow Direct Overseas Listings

25/03/2022

Domestic companies can only list overseas after first listing in India. Rule changes that would have allowed direct overseas listings have reportedly been suspended.

AML / KYC

FSC Korea Starts Enforcing Travel Rule in Crypto Industry

24/03/2022

Starting today, VASPs can be subject to cautions, warnings or corrective orders if violations of travel rule requirements are found.

Crypto / Digital Assets

FSB Calls for Academic Papers Covering Crypto, DeFi Risks

24/03/2022

The FSB is inviting authours to submit papers analysing the structures and evolving linkages between crypto-asset markets for an upcoming plenary session.

Fintech / Regtech

Malaysian Minister Rules Out Possibility of Bitcoin as Legal Tender

24/03/2022

Malaysia’s deputy finance minister said cryptocurrencies are not suitable for use in payments. Earlier this week another minister called for the government to adopt crypto as legal tender.

ESG / Sustainability

IFRS Foundation, GRI to Align Sustainability Reporting Work

24/03/2022

The ISSB under the IFRS Foundation will publish proposed Climate and General Sustainability-related Disclosure requirements next week.

ESG / Sustainability

HKEX, CEEX to Cooperate on GBA Carbon Market Initiatives

24/03/2022

HKEX and Guangzhou-based China Emissions Exchange will jointly explore the development of a voluntary carbon emission reduction programme in the GBA.

Fintech / Regtech

FCA, BOE Offer New Guidance on Addressing Crypto Risk

24/03/2022

Cryptoassets should be classified as an intangible asset for accounting purposes, meaning that in most cases direct holdings should be fully deducted from CET1.

Securities / Derivatives

BSEC Calls on Banks to Increase Stock Market Investments

24/03/2022

The BSEC has also given banks a 31 March deadline to deposit unclaimed dividends in the Capital Market Stabilisation Fund, against directions from Bangladesh Bank.

Enforcement

Tokyo Prosecutors Indict SMBC Nikko Securities, Five Others

24/03/2022

Prosecutors have filed charges against SMBC Nikko Securities and five others. The head of the firm’s equity division was also arrested.