Enforcement

ASIC Appeals Dismissal of Cigno, BHF Solutions Case

28/07/2021

ASIC’s appeal seeks judicial clarification on the operation of key obligations under the National Credit Act and National Credit Code.

Capital / Liquidity

Sri Lanka Central Bank Directs Banks to Defer Dividends

28/07/2021

The CBSL issued the directives after considering the possible adverse impact on liquidity and other KPIs of banks due to Covid-19.

Fintech / Regtech

Eftpos Explores Better Access to Electronic Payments by Fintechs

28/07/2021

A new committee has been formed with FinTech Australia to facilitate discussion on enhancing fintech firms’ access to the eftpos network.

Crypto / Digital Assets

Singapore’s CTX to Debut Cross-border Trading of China Carbon Credits

27/07/2021

Cyberdyne Tech Exchange said its carbon neutrality tokens, or CNTs, would pave the way for carbon credits to be transferred across international borders.

Market Infrastructure

RBNZ, FMA Consult on Implementation of FMI Act

27/07/2021

The consultation seeks views on how financial market infrastructures will be identified as systemically important and the proposed approach to developing standards.

Fintech / Regtech

New Body Formed to Promote Open Standards for Capital Markets

27/07/2021

The GLML Foundation is developing general-purpose legal markup language as an open data standard for capital markets.

Securities / Derivatives

Thailand SEC Consults on Securities Law Revisions

27/07/2021

The amended Securities and Exchange Act will promote cooperation between financial market regulators including the SEC, BOT and OIC.

Securities / Derivatives

Chinese Firms Redirect IPOs From New York to Hong Kong

26/07/2021

Chinese authorities are considering severe penalties for Didi Chuxing, which proceeded with its New York IPO despite being asked to first submit to a cybersecurity review.

Securities / Derivatives

Shanghai to Test Yuan in Cross-border Financial Products

26/07/2021

Shanghai’s Pudong New Area will be able to freely use the yuan in cross-border financial products in a new pilot programme.