SECURITIES / DERIVATIVES

Crypto / Digital Assets

Malaysia’s Fusang Exchange Issues First Institutional Tokenised Sukuk

By Editors | 01/11/2023

The digital sukuk is os structured as a depositary receipt, backed by a sukuk issued by the International Islamic Liquidity Management Corp.

Enforcement

FSS Korea Asks Prosecutors to Charge Kakao for Market Manipulation

By Sanday Chongo Kabange | 01/11/2023

The FSS has sent recommendations to prosecutors asking them to charge Kakao, Kakao Entertainment and several top executives.

Fintech / Regtech

SFC Consults on New Regulatory Requirements for Securities Registrars

By Manesh Samtani | 31/10/2023

General principles on outsourcing, systems integrity and security, and disclosure obligations are being added to the code of conduct.

Enforcement

Korea FSS to Probe Illegal Short-selling by Foreign Investment Banks

By Manesh Samtani | 31/10/2023

A special team will launch next week to investigate whether more global investment banks engaged in illegal short-selling, and whether local securities firms helped them.

Securities / Derivatives

India to Require Private Companies to Dematerialise Securities

By Ajoy K Das | 31/10/2023

Private companies will have to ensure their securities are issued only in dematerialised form by 30 September 2024.

Crypto / Digital Assets

ANNA Issues First Set of ISINs for Crypto Assets

By Manesh Samtani | 31/10/2023

Crypto assets with a registered DTI can now also be issued an ISIN. Currently, there are already 108 ISIN–DTI pairs.

Securities / Derivatives

China Tweaks Rules to Boost Stock Investments by State-owned Insurers

By Editors | 31/10/2023

China’s MOF has adjusted its method for evaluating state-owned insurers to boost their appetite for equity investment.

Fintech / Regtech

BondbloX Opens Fractional Bond Trading Platform to Individual Investors

By Editors | 31/10/2023

Until now, only accredited and institutional investors have been allowed to access the BondbloX Bond Exchange platform.

Market Infrastructure

Hong Kong Gazettes IBOR-related Amendments to Clearing Rules

By Editors | 31/10/2023

Subject to negative vetting by LegCo, the rule changes will commence on 1 July 2024.