Market Infrastructure

IOSCO Consults on Fair and Equitable Access Market Data

06/12/2020

Market participants in many jurisdictions have raised concerns about the content, costs, accessibility, fairness and consolidation of market data, IOSCO says.

Enforcement

Seoul Court Jails Daishin Securities Executive Over Fund Losses

06/12/2020

The FSC has also revoked the registration of Lime Asset Management, imposed a 950mn won fine against the firm and ordered the suspension of its staff and executive personnel.

AML / KYC

Australia Throws Out Bill to Criminalise Cash Payments Over A$10,000

06/12/2020

The bill would have imposed a fine of up to A$25,500 and two years’ jail for cash payments exceeding A$10,000. The bill is now “officially dead”, according to one senator.

Securities / Derivatives

Malaysia Completes First Physical Delivery of MGS Futures Contract

04/12/2020

The most from cash settlement to physical delivery of the 5-Year Malaysian Government Securities Futures Contract was announced in September.

Market Infrastructure

Macquarie to Set Up Electronic FX Trading Infrastructure in Singapore

04/12/2020

Macquarie’s FX pricing hub will strengthen Singapore’s proposition as a global FX price discovery and liquidity centre, said MAS executive director Lim Cheng Khai.

Securities / Derivatives

TWSE, TPEx to Launch New Trading Boards With Easier Listing Rules

03/12/2020

TWSE’s board will set a lower market cap requirement and no profitability requirement. TPEx’s board will allow companies to apply if they are recommended by two securities firms.

Market Infrastructure

Taiwan Futures Exchange Granted QCCP Status

03/12/2020

TAIFEX says the QCCP status will help attract more foreign and institutional investors to participate in Taiwan’s futures market.

Securities / Derivatives

ASX to Enhance Framework on Client Money Obligations

03/12/2020

ASX will require daily reconciliation of individual client trust account balances, prescribe a standard format for trust reconciliations, and enhance reporting requirements.

Fintech / Regtech

Libra Association to Launch Scaled-down Digital Currency in January

03/12/2020

The launch date depends on regulatory approval from FINMA, expected as early as January. A new name has been adopted for the association and the digital currency.