Securities / Derivatives

China Considers Data Controls for Firms Seeking Overseas IPOs

26/08/2021

The plan would require companies seeking overseas listings to hand over management and supervision of their data to third-parties.

Australia Revamps, Expands SME Recovery Loan Scheme

26/08/2021

Eligibility requirements for SMEs to have received JobKeeper during Q1 2021 or to have been a flood affected business will be removed.

Korean FIs Suspend Loans to Curb Rising Household Debt

26/08/2021

Brokerages and banks are starting to suspend new lending for stock and housing investments to rein in household debt.

Securities / Derivatives

ASIC Consults on Payment-for-order-flow Prohibition

26/08/2021

Payment-for-order-flow arrangements are already prohibited in Australia. ASIC proposes amendments to address scenarios not currently covered by the rules.

AML / KYC

APG Releases 2021 Typologies Report, Case Studies

26/08/2021

The report includes information on the risks associated with proliferation financing, Covid-19, cryptocurrencies, shell companies, and real estate.

Enforcement

Indian Police Arrest Karvy Stock Broking Founder for Fraud

25/08/2021

The case dates back to 2019, when the brokerage was found to have pledged client securities at banks to secure loans for use as working capital.

Crypto / Digital Assets

Japan: Crypto Firm Liquid Resumes Services Following $97m Hack

25/08/2021

Liquid has been tracing the movement of the stolen assets and working with other exchanges to freeze and recover the funds.

Market Infrastructure

CME Group Launches BSBY Futures Contract

25/08/2021

The contract was introduced to offer price discovery and risk hedging for the BSBY Index. CME Group plans to introduce OTC clearing of BSBY swaps in Q4.

Securities / Derivatives

Shenzhen to Establish New Securities Arbitration Centre

25/08/2021

The new Shenzhen Court of International Arbitration, established with the SZSE, will handle cross-border securities and capital market disputes.