Market Infrastructure

HKEX Permits 21 Firms to List RMB Share Counters

07/06/2023

Nine market markers are permitted to conduct market making or liquidity providing activities in dual counter securities starting 19 June.

Crypto / Digital Assets

Cboe Granted Approval to Clear Margined Crypto Futures

07/06/2023

To date, Cboe has offered trading and clearing of Bitcoin and Ether futures only on a fully collateralised basis.

Fintech / Regtech

Stanchart, PwC Examine CBDC Opportunities in GBA

06/06/2023

The paper says the GBA is an ideal launch pad for CBDC pilots given its use of three different currencies and monetary authorities.

Enforcement

ASIC Issues First DDO Stop Order Against CFD Distribution

06/06/2023

ASIC said Mitrade Global relied on a retail investor questionnaire with “significant flaws”. The interim stop order was later revoked.

Securities / Derivatives

SEBI Orders Stockbrokers to Direct More Trades to RFQ Platforms

06/06/2023

From 1 July, stockbrokers will have to channel at least 10% of their proprietary corporate bond trades by value through RFQ platforms.

Enforcement

ASX Releases Reports on CHESS System to ASIC, RBA

06/06/2023

ASX to keep CHESS operational until at least 2032. ASIC said it is prepared to take regulatory action to ensure ASX complies with its regulatory obligations.

Fintech / Regtech

RBI Consults on Cyber Resilience Guidelines for Payment System Operators

06/06/2023

The draft guidelines are intended to help non-bank payment system operators mitigate emerging cyber security risks.

Market Infrastructure

Sri Lanka, Nepal to Link Payment Networks LankaPay and Fonepay

06/06/2023

The payment link will enable Sri Lankan and Nepali citizens to make merchant payments in each other’s country using a mobile-based QR code.

Market Infrastructure

Philippine SEC Approves Plans to Introduce Short Selling – Report

06/06/2023

The SEC and PSE are reported to now be working out how to implement short selling this year, to boost domestic market liquidity.