Market Infrastructure

Market Infrastructure

FSC Korea Grants First Preliminary Approval to ATS Platform

By Sanday Chongo Kabange | 21/07/2023

Nextrade, owned by 34 companies, will have 18 months to establish its systems and apply for final authorisation to operate its ATS platform.

Market Infrastructure

Vietnam Launches New Bond Trading Platform at HNX

By Editors | 20/07/2023

The system will also support businesses in mobilising mid and long-term capital, helping them reduce their dependence on bank credit.

Enforcement

India: Appeals Tribunal Sets Aside SEBI Penalty Order Against NSE

By Editors | 20/07/2023

The Securities Appellate Tribunal said NSE had not indulged in any unethical act or unjustly enriched itself.

Market Infrastructure

Korea to Loosen Rules for FIs on Foreign Subsidiary Ownership

By Sanday Chongo Kabange | 20/07/2023

The proposed reforms will enable Korean financial firms to more easily invest in and provide financial support to overseas subsidiaries.

Market Infrastructure

EU Commission Seeks to Further Extend Transition Period for Third-country Benchmarks

By Manesh Samtani | 20/07/2023

The European Commission says the extension is necessary to avoid destabilising the asset management sector and financial stability risks.

ESG / Sustainability

CFTC Meets to Discuss Integrity in Voluntary Carbon Markets

By Editors | 19/07/2023

The CFTC held its second Voluntary Carbon Markets Convening to identify steps to ensure integrity and resilience of voluntary carbon markets.

Market Infrastructure

Hong Kong to Launch New eMPF Platform in Q2 2024

By Sanday Chongo Kabange | 19/07/2023

Software development was largely completed in June. Testing will be completed within this year. Migration will commence in Q2 2024.

Crypto / Digital Assets

FSB Finalises Global Regulatory Framework for Crypto-asset Activities

By Manesh Samtani | 18/07/2023

The recommendations were improved to better safeguard client assets, address conflicts of interest, and improve cross-border cooperation.

ESG / Sustainability

IOSCO Issues Final Recommendations on Compliance Carbon Markets

By Editors | 18/07/2023

IOSCO’s final report sets out twelve key recommendations on establishing and enhancing compliance carbon markets, drawing from the experiences of traditional financial markets.