Market Infrastructure

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.

AML / KYC

Singapore Releases Blueprint to Combat Ransomware Attacks

By Mark Johnston | 17/12/2022

The blueprint includes recommendations to discourage ransomware payments and make it mandatory for organisations to report such payments.

Market Infrastructure

ASX Commits to Providing Certainty on Stability of CHESS

By Sanday Chongo Kabange | 16/12/2022

ASIC and the RBA asked ASX to issue a special audited report detailing arrangements to ensure the stability, security and resilience of the existing CHESS system.

Market Infrastructure

US Regulators Deem Audit Inspections of Chinese Firms a Success

By Manesh Samtani | 16/12/2022

The PCAOB did identify some deficiencies in their inspection work, but it was able to view complete audit work papers with no redactions.

Market Infrastructure

NYSE, Nasdaq Expected to See More Capital Raises via Direct Listings

By Mark Johnston | 16/12/2022

The SEC is expected to permit the NYSE to ease its rules for direct listings, after a similar approval was granted to Nasdaq earlier this month.

Market Infrastructure

Navigating China Cross-border Data Transfer Rules

By Anna Gamvros | 15/12/2022

Anna Gamvros and Ruby Kwok explain the compliance burden businesses face as China’s complex data governance landscape takes shape and the deadline for security assessments looms.

Crypto / Digital Assets

Australia Seeks Input on Strategic Plan for Payments System

By Manesh Samtani | 15/12/2022

The government will also empower the RBA to regulate digital wallet providers and improve the regulatory framework for crypto service providers.