Market Infrastructure

Market Infrastructure

Hong Kong: New Regime for Depositaries to Start in Oct 2024

By Sanday Chongo Kabange | 27/03/2023

Electronic licensing forms for RA 13 will be available in Q3 2023. Depositaries operating in Hong Kong will then have four months to submit a licensing application.

Market Infrastructure

Macau Launches Charles Li’s New Financial Assets Exchange

By Sanday Chongo Kabange | 27/03/2023

The exchange will trade in certificates that entitle holders to daily cash flows from micro and small businesses in Mainland China.

Fintech / Regtech

SWIFT Pilots Blockchain Solution to Tackle Corporate Actions Frictions

By Editors | 27/03/2023

The solution demonstrated the potential to reduce manual effort and errors in corporate action processing and deliver operational efficiencies.

Market Infrastructure

HKEX Finalises New Listing Rules for Specialist Tech Firms

By Editors | 27/03/2023

HKEX has lowered the threshold for specialist tech firms to list on its exchange and made other refinements. The rules take effect from 31 March.

Market Infrastructure

Australia Proposes Measures to Improve Competition in Clearing and Settlement

By Sanday Chongo Kabange | 24/03/2023

ASIC will gain rule-making and enforcement powers and the ACCC arbitration powers, enabling them to enhance competition in the provision of clearing and settlement services.

Securities / Derivatives

No Active Negotiations to Resolve India CCP Issue: ESMA

By Editors | 23/03/2023

EU banks will face a 1,250% risk weight on exposures to Indian CCPs after April. French and German regulators have given their banks 18 extra months to terminate Indian CCP memberships.

Fintech / Regtech

BIS Innovation Hub Completes Project Nexus Proof-of-Concept

By Editors | 23/03/2023

The next phase of Nexus will connect the instant payment systems of Singapore, Indonesia, Malaysia, Philippines and Thailand.

ESG / Sustainability

StoneX, ACX Launch US Digital Carbon Marketplace

By ESG Investor | 23/03/2023

Financial services firm StoneX and Singapore-based AirCarbon Exchange have signed an agreement to create a US-based digital carbon marketplace.

Market Infrastructure

China Plans to Allow Foreign FIs to List Domestically

By Editors | 22/03/2023

Foreign-funded institutions have become an “indispensable part” of the domestic financial system, said top official Lou Jiwei.