Big Picture

FMSB Offers Guidance on Mitigating Risks of Hybrid Working

02/10/2021

In a new Spotlight Review, the FMSB outlines steps firms can take to promote equivalent conduct outcomes in a hybrid environment.

Crypto / Digital Assets

MAS Grants Two New Licences to Provide DPT Services

02/10/2021

DBS Vickers and Independent Reserve have received authorisation under the PSA to provide digital payment token services.

Capital / Liquidity

SEBI to Raise Net Worth Requirements for Market Intermediaries

02/10/2021

SEBI proposes to progressively raise the net worth requirements for trading members, clearing members and depository participants by October 2023.

Enforcement

CFTC Penalises Interactive Brokers Over Negative Oil Prices

02/10/2021

Interactive Brokers was penalised for not adequately preparing for and configuring its electronic trading system to recognise negative prices on 20 April 2020.

CBIRC to Adopt New Filing System for Insurance Funds

02/10/2021

The new record-filing system will boost the efficiency of product issuance, allowing registration results to be issued within five working days.

Market Infrastructure

SEBI Approves Proposals for Gold Exchange, Social Stock Exchange

01/10/2021

SEBI will allow trading in electronic gold receipts. A social stock exchange will be created. Regulations on related party transactions have been strengthened.

Market Infrastructure

HKMA Further Expands Eligible Collateral for RMB Facility

01/10/2021

Eligible collateral will include RMB, USD and EUR debt securities issued offshore by local governments at various levels in Mainland China.

AML / KYC

AFP Wins First Asset Confiscation Case Under Operation Ironside

01/10/2021

A$6mn in cash obtained as a result of the forfeiture order will be redistributed to support crime prevention, law enforcement and related community initiatives.

Market Infrastructure

China: Alibaba Apps Include WeChat Pay as Payment Option

01/10/2021

The move comes after regulators ordered internet platforms to stop anti-competitive and monopolistic behaviour on their online platforms.