Securities / Derivatives

Korea Reimposes Short Selling Ban to Combat Unfair Trades

06/11/2023

The government will ban short selling until end June 2024 and work on improving the short selling system, said FSC chairman Kim Joo-hyun.

Market Infrastructure

Singapore to Introduce New Investment Regime for Critical Entities

06/11/2023

The new investment management regime will cover entities that are critical to Singapore’s national security interests but are not yet adequately covered under existing legislation.

Securities / Derivatives

MAS Offers Update on Changes to Complex Products Regime

05/11/2023

MAS will adopt some changes to streamline the complexity criteria for CIS. Other changes will be addressed in a new consultation in H1 2024.

Crypto / Digital Assets

CPMI Assesses Benefits of Stablecoins in Cross-border Payments

05/11/2023

CPMI says stablecoins would not necessarily have a positive impact on cross-border payments even if they were properly designed and regulated.

Crypto / Digital Assets

SFC Issues Rules for Tokenised Securities and Investment Products

03/11/2023

Tokenised securities have to meet the same requirements as traditional securities. Primary dealing of tokenised investment products will be allowed.

Capital / Liquidity

FSC Korea Approves Rule Changes to Boost Bank Loss Absorbing Capacity

03/11/2023

Regulators will be able to check whether loss forecasting models are appropriately calculating provisions, and to order banks to set aside additional reserves.

Crypto / Digital Assets

BIS Innovation Hub Releases Update Report for Project mBridge

01/11/2023

The update reveals a list of 25 observing members, and that the mBridge platform offers APIs based on ISO 20022 and uses LEIs for participant identification.

Fintech / Regtech

SFC Consults on New Regulatory Requirements for Securities Registrars

31/10/2023

General principles on outsourcing, systems integrity and security, and disclosure obligations are being added to the code of conduct.

Enforcement

Korea FSS to Probe Illegal Short-selling by Foreign Investment Banks

31/10/2023

A special team will launch next week to investigate whether more global investment banks engaged in illegal short-selling, and whether local securities firms helped them.