Market Infrastructure

Taiwan to Retain Day Trading Tax Cut After Expiry

20/08/2021

Three governmental agencies have agreed to extend the transaction tax cut for day trading after it expires at year-end.

Fintech / Regtech

BSP Grants Digital Bank Licence to Gokongwei-Tyme Joint Venture

20/08/2021

The application window for the submission of applications from new digital banks, including converting banks, will close on 31 August​ 2021.

Securities / Derivatives

SGX Mulls Lower Market Cap Requirement for SPAC Listings

19/08/2021

SGX is reportedly considering reducing the proposed minimum market cap requirement from S$300mn proposed in its consultation to S$150mn.

Market Infrastructure

RBI Launches New Index to Track Financial Inclusion Metrics

18/08/2021

The Financial Inclusoin Index for the period ending March 2021 measures at 53.9, compared to 43.4 for the period ending March 2017.

Fintech / Regtech

Depositories to Develop Platform for Monitoring Security Creation: SEBI

18/08/2021

SEBI is asking issuers, debenture trustees, and credit rating agencies to carry out necessary changes to ensure readiness to use the new DLT-based platform.

Enforcement

ASIC Prosecutes 124 Individuals for Failing to Cooperate with Liquidators

17/08/2021

Company officers failed to provide registered liquidators access to the company’s books and submit reports on company activities and property.

Securities / Derivatives

CSRC Tightens Scrutiny on Snowball Derivatives Products – Report

17/08/2021

The CSRC has instructed brokerage firms to tighten risk controls on Snowball derivatives and ensure their risks are fully disclose to investors.

Enforcement

SAC Punishes 19 Institutional Investors Over IPO Pricing Violations

16/08/2021

The Securities Association of China and Shanghai Stock Exchange found violations of price-setting rules and procedures for STAR Market IPOs.

Market Infrastructure

Japan Decides Start Date to Shift Cross-currency Swaps to RFRs

15/08/2021

Japan will change interdealer trading conventions for cross-currency basis swaps from LIBOR to RFRs on 21 September.