Market Infrastructure

Fintech / Regtech

Data Protection Rules in China: An Ongoing Cycle of Reinvention

By Jingyuan Shi | 21/12/2023

Jingyuan Shi discusses China’s changing rules on cross-border data transfer and examines the extra-territorial implications.

Market Infrastructure

ACCC Responds to Government’s Merger Reform Proposals

By Editors | 21/12/2023

ACCC Chair Gina-Cass-Gottlieb said the government’s proposals for merger reform aren’t sufficient and that the ACCC’s own proposal would achieve the “right balance”.

Securities / Derivatives

CFTC Proposes Rules on Operational Resilience, Funds Segregation

By Editors | 20/12/2023

The CFTC also granted DCO registration to a crypto derivatives exchange and brokerage, allowing it to act as its own clearinghouse.

Crypto / Digital Assets

UK to Launch Digital Securities Sandbox on 8 Jan 2024

By Editors | 20/12/2023

The sandbox will allow FMIs to test the use of new technology including DLT to operate trading venues and perform CSD activities.

Fintech / Regtech

BSP Retains Moratorium on InstaPay and PESONet Fee Increases

By Sanday Chongo Kabange | 20/12/2023

The moratorium will remain in place as the BSP works to eliminate fees entirely for small e-payment transactions.

Market Infrastructure

SFC Reminds Market of Coming Changes to Position Limit Regime

By Mark Johnston | 20/12/2023

The SFC has published an FAQ and updated its guidance note to help market participants understand the amendments, which come into force on Friday.

Securities / Derivatives

CFTC Approves Rule to Allow UPI Use in Swaps Reporting

By Sanday Chongo Kabange | 19/12/2023

The use of the UPI in the reporting of OTC derivatives in the US will start on 29 January 2024.

Enforcement

Appellate Court Sets Aside SEBI Penalties Against NSE, Officials

By Ajoy K Das | 19/12/2023

The penalties were imposed in June 2022 over the alleged exploitation of NSE’s internet infrastructure by brokers for faster connectivity.

Fintech / Regtech

China Issues New Rules for Non-bank Payment Institutions

By Manesh Samtani | 19/12/2023

Regulators are imposing stricter licensing, business management, risk management and user protection rules on non-bank payment institutions.