Trading & Investment

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.

Structural Regulation

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.

Structural Regulation

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.

Structural Regulation

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.

Clearing & Post-Trade

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.

Supervision & 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.

Model Risk

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.

Trading & Investment

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.

Trading & Investment

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.