SECURITIES / DERIVATIVES

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    Securities / Derivatives

    India Hikes Taxes on Equity Investment Gains, Derivatives Trades

    By Ajoy K Das | 25/07/2024

    The national budget increases capital gains tax for equity investments and the transaction tax for futures and options. The tax on long term bond gains was reduced.

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    Enforcement

    Kakao’s Billionaire Founder Arrested in South Korea

    By Editors | 24/07/2024

    Kim Beom-su was arrested on allegations that he played a role in manipulating the stock price of K-pop agency SM Entertainment last year.

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    Fintech / Regtech

    HKMA Publishes RegTech Bulletin on Best Execution Services

    By Manesh Samtani | 24/07/2024

    The bulletin says best execution services can be particularly helpful for exotic instruments, which often don’t have sufficient pricing information.

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    Crypto / Digital Assets

    US Exchanges Commence Trading in First Spot Ether ETFs

    By Editors | 24/07/2024

    Nine ETFs saw $1.07bn worth of shares traded on the first day, resulting in net inflows of around $106.7mn.

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    Enforcement

    ASIC Charges Four in Telegram ‘Pump and Dump’ Case

    By Sanday Chongo Kabange | 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’.

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    Market Infrastructure

    HKIFA Proposes Enhancements for ETF Connect Initiative

    By Sanday Chongo Kabange | 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.

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    Big Picture

    ISDA Calls for Greater Digitisation of Derivatives Documentation

    By Ranamita Chakraborty | 24/07/2024

    An industry survey has revealed that the average time taken to negotiate derivatives documents hasn’t fallen since 2006.

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    Enforcement

    Hong Kong Court Jails Three in Landmark Manipulation Case

    By Sanday Chongo Kabange | 23/07/2024

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

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    Fintech / Regtech

    Korea to Allow Sale of Pension Products That Use AI

    By Editors | 23/07/2024

    Firms that passed a review can apply for designation as “innovation financial services” in September and sell AI-driven pension products online in December.

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    Crypto / Digital Assets

    Hong Kong Lists Asia’s First Inverse Bitcoin ETF

    By Sanday Chongo Kabange | 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.

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