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Market Infrastructure
Shenzhen Exchange to Pilot Cross-Border Bonds to Serve GBA
By Editors | 20/12/2022
Issuers can be Chinese government entities or high-quality corporates. The SZSE is temporarily not charging any fees for cross-border bond listing services.
Market Infrastructure
SFC, CSRC Announce Move to Expand Scope of Stock Connect
By Editors | 19/12/2022
After the expansion, Stock Connect is expected to include stocks that account for more than 80 percent of equity trading in each market.
Market Infrastructure
EU Council Agrees to Implement Global Minimum Tax
By Editors | 19/12/2022
The 15% corporate minimum tax rate is expected to be transposed into EU wide rules by end-2023 and prompt other countries to speed up efforts to implement the measure.
Market Infrastructure
FSB Offers LIBOR Transition Update, Warns of ‘Residual Risks’
By Manesh Samtani | 19/12/2022
Regulators continue to express concerns that the use of Term SOFR and credit sensitive rates could draw away liquidity from the overnight SOFR derivatives markets.
ESG / Sustainability
Japan Finalises Code of Conduct for ESG Data Providers
By Manesh Samtani | 19/12/2022
The FSA is now calling on ESG evaluation and data providers to endorse the code of conduct, publish it on their websites, and notify the regulator.
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.
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.
Capital / Liquidity
PBOC Issues Draft Regulations for Financial Infrastructures
By Editors | 17/12/2022
The regulations cover registration and custody systems, clearing and settlement, trading facilities, transaction reporting databases, important payment systems, and credit reporting systems.
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