Market Infrastructure

Australia Consults on Draft Legislation to Reform Merger Rules

25/07/2024

Treasurer Jim Chalmers said the reforms will make Australia’s merger approval system faster, stronger, simpler, more targeted and more transparent.

Market Infrastructure

Philippines Launches Automated Intraday Settlement Facility

24/07/2024

The facility will provide liquidity to ensure payments flow smoothly through the RTGS system, known as PhilPaSSplus.

Enforcement

ASIC Charges Four in Telegram ‘Pump and Dump’ Case

24/07/2024

Four individuals coordinated to select penny stock targets and announced those targets in a public Telegram group named the ‘ASX Pump and Dump Group’.

Market Infrastructure

HKIFA Proposes Enhancements for ETF Connect Initiative

24/07/2024

HKIFA says Stock Connect ETF eligibility requirements should be further relaxed and Hong Kong issuers should be allowed to market in the mainland.

Fintech / Regtech

APRA Issues Final Version of Digital Prudential Handbook

24/07/2024

The handbook brings together all of APRA’s prudential standards, prudential practice guides and relevant supporting information in one place.

Enforcement

Hong Kong Court Jails Three in Landmark Manipulation Case

23/07/2024

The jail sentences are the heaviest and longest imposed for market manipulation since the SFO came into effect in 2003.

Capital / Liquidity

APRA Requires OnePath Custodians to Pay A$10.7m

23/07/2024

Deputy Chair Margaret Cole said APRA’s patience for entities who are still struggling with foundational issues has “run out”.

Crypto / Digital Assets

Hong Kong Lists Asia’s First Inverse Bitcoin ETF

23/07/2024

The new ETF was issued by CSOP Asset Management, which was also first to launch Asia’s first crypto futures ETFs in December 2022.

ASIC Signs Data Sharing MoU With Information Commissioner

22/07/2024

ASIC and the OAIC will share data and privacy breach information to enable both agencies to perform their functions more effectively.