Market Infrastructure

SET Board Approves Measures to Boost Market Confidence

17/04/2024

HFT firms will have to register with the SET and securities firms will have to implement controls to prevent naked short selling.

Crypto / Digital Assets

NZ Official Hints at Future Crypto Regulatory Framework

15/04/2024

Andrew Bayly acknowledged the risk of regulatory arbitrage “if New Zealand does not keep in step with” major digital asset regulatory developments.

Crypto / Digital Assets

Crypto Firms Question Viability of Operating in Hong Kong – Report

13/04/2024

Hong Kong’s regime has restrictions that limit access to overseas investors, raising doubts about long-term business viability.

APRA Issues Updated EFS Reporting Standards

12/04/2024

The updated reporting standards and guidance will apply to reporting periods ending on or after 30 June 2024.

Enforcement

Hong Kong IA and ICAC Execute First Joint Operation

12/04/2024

Two individuals were arrested over a scheme by an insurance broker to use unlicensed referrers to sell insurance policies to Mainland Chinese visitors in Hong Kong.

ASIC Proposes Updates to Guidance for Insolvency Practitioners

12/04/2024

The proposed updates will provide improved guidance on reporting requirements and reduce “unnecessary effort and expense”, ASIC said.

Market Infrastructure

Australia Unveils Plans to Strengthen Rules for Mergers

12/04/2024

The reforms are expected to come into force on 1 January 2026, introducing a mandatory notification requirement for deals above certain thresholds.

AML / KYC

HK Customs Arrests One in Largest Ever Gold Smuggling Case

11/04/2024

The Customs and Excise Department has seized HKD 84 million worth of gold and arrested one person.

Crypto / Digital Assets

ASIC Appeals Court Ruling in ‘Finder Earn’ Crypto Case

11/04/2024

ASIC filed an appeal due to concerns that the Finder Earn product was offered without the appropriate licence or authorisation.