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Capital / Liquidity
BNM Consults on Capital Requirements for CCP Exposures
By Editors | 19/12/2022
Proposed framework sets out requirements for managing risks arising from a financial institution’s exposures to CCPs in their capacity as a clearing member or a client of a clearing member.
Fintech / Regtech
ASIFMA Asks for Changes to SEBI Cloud Adoption Framework
By Editors | 19/12/2022
ASIFMA says the data localisation requirements in SEBI’s new cloud adoption framework will expose FIs to greater cybersecurity risks while negatively impacting global operations.
Securities / Derivatives
Singapore to Amend Law to Allow for Online General Meetings
By Editors | 19/12/2022
Orders introduced early in the pandemic to allow companies to conduct general meetings by electronic means will expire on 1 July 2023.
Securities / Derivatives
HKEX Proposes to Further Expand Paperless Listing Regime
By Editors | 19/12/2022
Paperless initiatives announced since 2020 have improved efficiency and lowered costs for issuers, HKEX says, proposing changes to further simplify its administrative procedures.
Securities / Derivatives
ICE Opens Access Centres in Hong Kong, Shanghai, Tokyo
By Editors | 18/12/2022
ICE says the enhanced connectivity includes ultra-low-latency access to exchanges in Hong Kong, Shanghai and Tokyo.
Enforcement
US SEC, DOJ Charge Social Media Influencers for Securities Fraud
By Mark Johnston | 18/12/2022
Eight individuals are accused of engaging in a conspiracy to commit securities fraud through a social media-based “pump and dump” scheme.
Market Infrastructure
Japan to Raise Taxes on Wealthy Individuals, Corporations
By Mark Johnston | 18/12/2022
Taxes will be raised on those who earn over JPY 3 billion through stocks and real estate. A corporate surtax of 4 to 4.5 percent will also be adopted.
Market Infrastructure
US SEC Proposes Major Rule Changes to Improve Market Fairness
By Editors | 18/12/2022
The proposals include a new best execution regulatory framework, a new order competition rule, and requirements for brokers to provide better disclosures on execution quality.
Securities / Derivatives
Philippine Lawmakers Advance Bill to Establish Sovereign Fund
By Editors | 18/12/2022
Critics say the bill’s timing is poor due to the country’s lack of surplus funds, high national debt, large trade deficit, and other economic problems.
Securities / Derivatives
RBI Lifts Restrictions on Offshore Rupee Trades by Banks
By Editors | 17/12/2022
Informal restrictions on rupee NDF trades in the offshore market were imposed in October to help defend a falling rupee.
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