Market Infrastructure

RBA Eases Regulatory Burden for Small Securities Settlement Facilities

27/06/2024

The RBA has expanded exemptions to accommodate the potential emergence of new, technologically innovative securities settlement facilities.

Capital / Liquidity

Korea Defers Next Two Phases of “Stressed DSR” Rules

27/06/2024

The FSC said the second phase of the “stressed DSR” rules will be implemented from 1 September, two months later than originally planned.

Crypto / Digital Assets

HK LegCo Forms New Sub-committee on Web3 and Virtual Asset Growth

27/06/2024

The newly-formed committee will focus on developing regulatory frameworks, improvement of technology and investor safeguards.

Fintech / Regtech

BSP Delays Implementation of New Data Collection System

26/06/2024

The implementation of BSP’s new ITRS has been deferred to 2025 to allow banks to address “emerging technical and report-related concerns”.

Big Picture

HKIFA, KPMG Call for Further Enhancement of Cross-Border Schemes

26/06/2024

The report said that strengthening cross-border schemes and tax incentives would boost the asset management industry.

Securities / Derivatives

Mizuho Seeking Approval to Establish China Securities Unit

26/06/2024

The CSRC has officially accepted an application from Mizuho seeking the establishment of a securities company in China.

Crypto / Digital Assets

Hong Kong FIs Keen on DeFi and Metaverse: AoF Reports

26/06/2024

HKMA said FIs are interested in exploring opportunities brought by DeFi and metaverse as they expand involvement in virtual assets.

Crypto / Digital Assets

Korea Approves Enforcement Decree for New Virtual Assets Law

26/06/2024

The enforcement decree mandates requirements on the safe storage of virtual assets and regulates unfair trading activities.

Securities / Derivatives

Thailand Revises Rules on Short Selling, Algorithmic Trading

26/06/2024

The revised rules introduce the uptick rule and a registration requirement for HFT investors, among other measures, effective from 1 July.