SECURITIES / DERIVATIVES

    Securities / Derivatives

    PwC, KPMG Ready to Host PCAOB Audit Inspections – Report

    By Editors | 16/09/2022

    PCAOB inspectors are expected to arrive in Hong Kong soon, but will have to serve three days in hotel quarantine before beginning work at PwC and KPMG’s Hong Kong offices.

    Securities / Derivatives

    Bursa Malaysia Set to Launch Enhanced Gold Futures Contract

    By Editors | 16/09/2022

    The enhanced contract will provide investors exposure to gold at standard global prices without the need for currency conversion.

    Crypto / Digital Assets

    MAS Launches New Transformation Map for Financial Industry

    By Editors | 16/09/2022

    MAS will promote the FX trading ecosystem, enhance fund structures, support fintechs, improve its bond infrastructure, and scale up sustainable and transition financing.

    Enforcement

    SEBI Probes AIFs Over Non-transparent Practices – Report

    By Editors | 15/09/2022

    At least 20 alternative investment funds are under scrutiny for practices such as dividend stripping, priority payouts, and opaque valuation policies.

    Enforcement

    ASIC Places Interim Stop Orders on Two Property Funds

    By Editors | 15/09/2022

    The orders prevent the funds from being offered or distributed to consumers until deficiencies in their TMD statements are addressed to ASIC’s satisfaction.

    Securities / Derivatives

    US SEC Proposes Measures to Boost Treasury Market Resiliency

    By Editors | 15/09/2022

    Clearinghouse members will be required to push their clients’ secondary market trades and margins collected through the clearinghouse.

    Securities / Derivatives

    Korea to Require Advance Disclosure of Insider Stock Trades

    By Sanday Chongo Kabange | 15/09/2022

    Board members and principal shareholders will be required to disclose information about planned stock trades least 30 days before the expected trading date.

    Crypto / Digital Assets

    US Heavyweights Announce Plans to Launch Crypto Exchange

    By Editors | 15/09/2022

    EDX Markets is backed by Citadel Securities, Fidelity Investments, Charles Schwab, Virtu Financial, Sequoia Capital and Paradigm.

    Securities / Derivatives

    HKEX Considers Relaxing Listing Requirements for Tech Firms

    By Editors | 14/09/2022

    Under the proposals, the revenue requirement for commercialised tech firms would be lowered from HK$500 million to between HK$200-300 million.

    Crypto / Digital Assets

    Asset Tokenisation Increasingly Relevant in ‘Crypto Winter’ – Report

    By Manesh Samtani | 14/09/2022

    A new report from BCG and ADDX projects a 50-fold increase in tokenised assets by 2030, bringing the market’s value to over $16 trillion.

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