Structural Regulation

HKEX to Allow Secondary Listings from UAE Stock Exchanges

22/07/2024

Companies with primary listings at Abu Dhabi Securities Exchange and Dubai Financial Market can apply for a secondary listing in Hong Kong.

Conduct, Culture & Accountability

NZ FMA Urges FIs to Enhance Fair Treatment of Customers

19/07/2024

The FMA asks FIs to use findings from a recent consumer survey to enhance their practices for ensuring fair treatment of customers.

Stablecoins

HKMA Names First Participants of Stablecoin Sandbox

19/07/2024

The participants are Jingdong Coinlink Technology, RD InnoTech, Standard Chartered, Animoca Brands, and HKT.

Operational Risk

APRA Reduces Westpac’s Operational Risk Capital Add-on

19/07/2024

APRA reduced Westpac’s A$1bn operational risk capital add-on by half in response to progress made to address risk governance concerns.

Market Abuse

KRX Commences Work on Short Selling Monitoring System

19/07/2024

KRX plans to recruit contractors early next month to work on the new monitoring system, which will launch by the end of March next year.

Structural Regulation

BSP Issues New Guidelines on FX Reporting and Penalties

18/07/2024

The BSP says reporting entities have until 31 December to make the necessary preparations and adjustments to their systems and processes.

Stablecoins

Hong Kong Publishes Results from Stablecoin Consultation

18/07/2024

Based on feedback, the FSTB and HKMA will prepare a bill to implement a regulatory regime for stablecoins and submit it to LegCo later this year.

Structural Regulation

SFC to Implement New Paperless Securities Regime by End 2025

17/07/2024

The SFC aims to implement the new regime towards the end of 2025, but give companies until end-2030 to transition.

Trading & Investment

LegCo Progresses Work to Waive REIT Trading Stamp Duty

17/07/2024

Legislative proposals will be introduced this year to waive stamp duty for REIT transactions and options market-making.