ADVERTISEMENT
Market Infrastructure
Hong Kong to Subject Foreign Investment Gains to Profits Tax
By Manesh Samtani | 02/11/2022
A new LegCo bill will require MNE entities in Hong Kong to pay profits tax on foreign equity disposals and dividend income, unless they are specifically exempted.
Enforcement
New York Court Dismisses Tom Hayes LIBOR Rigging Case
By Editors | 01/11/2022
US prosecutors had filed a motion to dismiss the case after two other traders were acquitted in January. Hayes is still trying to get his UK conviction overturned.
Market Infrastructure
ESMA to Withdraw Recognition of Six Indian CCPs
By Editors | 01/11/2022
EMIR conditions for recognition are not met because no cooperation arrangements have been concluded between ESMA and the relevant Indian authorities.
Market Infrastructure
ASX Issues 2nd Consultation on Measures for Handling Outages
By Editors | 01/11/2022
ASX is seeking feedback on new order and trade download services, a ‘cancel only’ session state, and an intraday restart capability.
Fintech / Regtech
EU Commission Proposes New Rules on Instant Payments
By Manesh Samtani | 30/10/2022
Banks would be required to offer instant payments at the same cost as other credit transfers. Instant euro payments may later be expanded internationally.
AML / KYC
Australia: Budget Measures Provide Boost to Scam Prevention
By Editors | 30/10/2022
The budget also includes funding for APRA and ASIC to increase their staff numbers, an independent review of the carbon market, and the introduction of climate reporting standards.
ESG / Sustainability
HKEX Launches Carbon Market to Support Net Zero Transition
By Sanday Chongo Kabange | 30/10/2022
The new platform will allow participants to source, hold, trade, settle and retire voluntary carbon credits from internationally-certified carbon projects.
Market Infrastructure
China Eases Foreign Investment Access With New Catalogue, Incentives
By Editors | 30/10/2022
The catalogue lists 519 sectors in which foreign investment are encouraged. Measures to facilitate foreign investment and attract foreign talent were also announced.
Market Infrastructure
SWIFT Defers ISO 20022 Migration to March 2023
By Editors | 28/10/2022
The new start date is aligned with the ECB’s decision to delay the launch of T2. The new 20 March 2023 start date is “definitive”, SWIFT said.
Market Infrastructure
HKEX Suspends VCM on HSI Futures Due to Software Issue
By Editors | 28/10/2022
An external vendor is preparing a software update to fix an issue that caused the VCM to be inadvertently triggered on Tuesday.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team