SECURITIES / DERIVATIVES

Crypto / Digital Assets

UnionBank Issues Philippines’ First DLT-based Digital Bond

By Editors | 02/06/2022

The issuance follows a POC project to optimise bond issuance workflows between STACS and PDTC, the Philippines’ national CSD for debt and equities.

Fintech / Regtech

SGX CDP Enables Access to DLT Bond Issuance Platform

By Editors | 02/06/2022

CDP has made available to market participants a blockchain-enabled bond issuance platform developed by Marketnode, a joint venture between SGX and Temasek.

Securities / Derivatives

China Set to Launch Residential REITs to Boost Property Market

By Darien Choong | 02/06/2022

New rules were issued to facilitate the issuance of affordable rental housing REITs, and to enable already-listed infrastructure REITs to acquire more assets.

Securities / Derivatives

BSEC Tightens Circuit Breaker to Contain Stock Market Loses

By Editors | 01/06/2022

The lower limit was reduced from 5 percent to 2 percent. The upper limit was kept unchanged at 10 percent.

Enforcement

US SEC Penalises Online Broker Over Meme Stock Restrictions

By Mark Johnston | 01/06/2022

In January 2021, TradeZero America halted trading in three meme stocks for about 10 minutes, but later told investors it had resisted instructions from its clearing broker to do so.

Securities / Derivatives

CSRC Raises Scrutiny of Investment Banks, IPO Sponsors

By Darien Choong | 31/05/2022

New guidelines clarify the due diligence obligations of sponsors. The CSRC has also set out five situations that would trigger on-site inspections of internal controls.

Fintech / Regtech

MAS to Study Use Cases of Asset Tokenisation, DeFi Protocols

By Editors | 31/05/2022

The first pilot, led by DBS, JP Morgan and Marketnode, will explore potential DeFi applications in wholesale funding markets and help inform regulatory policy.

Market Infrastructure

China Opens Exchange Bond Markets to Foreign Investors

By Manesh Samtani | 31/05/2022

Foreign institutional investors in the interbank bond market are allowed to also invest in the Shanghai and Shenzhen exchange bond markets.

ESG / Sustainability

ASX to Scrutinise ETF Labels to Tackle Greenwashing – Report

By Sanday Chongo Kabange | 30/05/2022

ASX will scrutinise listed instruments to ensure they are “true to label” and only list new funds that comply with ASIC’s naming requirements.