Market Infrastructure

Securities / Derivatives

CSRC Issues Derivatives Trading Rules for Follow-up Consultation

By Manesh Samtani | 20/11/2023

Excessive speculative behaviour and overly complex products are restricted. Derivatives traders must meet suitability standards.

Market Infrastructure

Australia Consults on Options for Reforming Merger Rules

By Sanday Chongo Kabange | 20/11/2023

Treasurer Jim Chalmers said any changes to merger rules would be about “delivering greater benefits to the economy and to consumers, and providing certainty to business”.

Market Infrastructure

Indian Court Orders Calcutta Stock Exchange to Halt Trading on NSE

By Ajoy K Das | 20/11/2023

SEBI barred the CSE from operating its equities trading platform in 2013. It has since been allowing its members to trade on via the NSE. The agreement with NSE expired in September 2021.

Market Infrastructure

China Pushes FIs to Provide Financing to Property Firms

By Editors | 20/11/2023

Financial firms were asked to meet all “reasonable financing needs” of property firms. A “white list” of firms eligible to receive financing is being drafted.

Enforcement

Ransomware Group Files SEC Complaint Against its Own Victim

By Mark Johnston | 20/11/2023

ALPHV/BlackCat attacked software company MeridianLink, then filed a complaint with the US SEC saying the company failed to disclose the attack.

Enforcement

Australia Introduces Bill to Address Tax Adviser Misconduct

By Editors | 20/11/2023

Assistant Treasurer Stephen Jones said the bill introduces the “biggest government crackdown on tax adviser misconduct in Australian history”.

Market Infrastructure

Xi Jinping Pledges to Further Open China Market to Foreign Firms

By Editors | 20/11/2023

During Xi’s visit to the US, the two sides agreed to cooperate on addressing AI risks, climate change, and fentanyl trafficking.

Market Infrastructure

ASX Picks TATA, Accenture To Deliver CHESS Replacement

By Sanday Chongo Kabange | 20/11/2023

ASX says it selected TCS and Accenture after extensive evaluation of potential solution options and product vendors.

Fintech / Regtech

Hong Kong Launches Pilot Programme for Multiple-CRA Model

By Manesh Samtani | 20/11/2023

Participating individuals can obtain consumer credit reports from three CRAs, to review the accuracy of data and assess their overall service performance.