SECURITIES / DERIVATIVES

Fintech / Regtech

SFC Consults on Subsidiary Legislation for Paperless Securities

By Editors | 27/03/2023

The subsidiary legislation covers operational and technical matters and the introduction of a more robust regulatory regime for securities registrars.

Securities / Derivatives

SFC Waives Annual Licensing Fees for 2023/24 Financial Year

By Editors | 27/03/2023

The annual licensing fees were first waived for the 2020/21 financial year for a one year period, but it has since been extended each year.

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.

Enforcement

ESMA Fines S&P Global Ratings for Breaching CRA Rules

By Mark Johnston | 24/03/2023

S&P prematurely published credit ratings before securities were issued, failed to disclose decisions for discontinuing some credit ratings, and took too long to correct factual errors in reported data.

Enforcement

Australia: Ex-Tesla Director Sentenced for Insider Trading

By Editors | 23/03/2023

Tesla’s Australia director used confidential information to profit from buying and selling Piedmont Lithium shares on the ASX.

ESG / Sustainability

WFE Publishes Framework for Designating Equities as Green

By Editors | 23/03/2023

WFE members created a global framework for defining green equities, which will enable sustainability-focused investors to make more informed decisions.

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.