Securities / Derivatives

AML / KYC

MAS Proposes to Require Market Operators to Conduct AML/CFT Checks

By Nithya Subramanian | 01/04/2024

The checks would have to be performed on non-FI market participants that trade directly on organised markets without going through capital market intermediaries.

Securities / Derivatives

Bangladesh Extends Deadline for Higher Provisions on Unrealised Losses

By Ajoy K Das | 01/04/2024

The extension was granted in response to fears that provisioning requirements based on the International Accounting Standards could lead to forced selling in the market.

Enforcement

Korea FSS to Seek Out and Expel ‘Zombie Companies’ from Market

By Editors | 01/04/2024

The FSS says companies that use false capital injections and accounting fraud to avoid delisting are impeding the financing of productive companies.

Securities / Derivatives

SFC Proposes to Allow REITs to Privatise and Merge More Easily

By Editors | 31/03/2024

Various market conduct regimes designed for listed companies would also be extended to listed CIS including REITs.

Market Infrastructure

UK Starts Preparing for Move to T+1 Settlement Cycle

By Manesh Samtani | 31/03/2024

Some operational changes will be implemented by end-2025, to enable the market to prepare for a full transition to T+1 before end-2027.

Securities / Derivatives

Malaysia SC Enhances Conduct Guidelines for Capital Market Intermediaries

By Sanday Chongo Kabange | 30/03/2024

The revised guidelines include new chapters on the treatment of vulnerable clients, the provision of personal advice, and online offerings of capital market-related services.

Market Infrastructure

China Starts Shutting Down Local Financial Asset Exchanges

By Editors | 29/03/2024

Local financial asset exchanges in Hunan, Liaoning, Xi’an and Chongqing have been closed, with regulators in other provinces and cities planning to do the same.

Crypto / Digital Assets

VSFG & Value Partners Apply to Launch Spot Bitcoin ETF

By Editors | 29/03/2024

VSFG is said to be “actively engaged” in discussions with the SFC on plans to potentially launch the new spot bitcoin ETF in May.

Crypto / Digital Assets

UK Proposes Two New Use Cases for Fund Tokenisation

By Manesh Samtani | 29/03/2024

Tokenising MMF units could facilitate their use as collateral, and reduce redemption pressures on MMFs during market stress.