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SECURITIES / DERIVATIVES
Fintech / Regtech
RBI Calls on Banks to Improve FX Market for Retail Investors
By Ajoy K Das | 11/04/2024
The RBI is concerned about unauthorised FX platforms, inadequate price transparency, and the lack of global participation by Indian players.
Securities / Derivatives
SFC Issues Guidance on Offering Hong Kong Funds in UAE
By Mark Johnston | 11/04/2024
The SFC published an information sheet providing guidance on how Hong Kong funds can be offered to investors in the DIFC and the UAE more broadly.
Market Infrastructure
EU Seeks to Coordinate T+1 Transition with UK, Switzerland
By Editors | 11/04/2024
The European T+1 Industry Task Force said alignment will reduce the complexity for multi-jurisdictional firms and minimise scoping issues.
Securities / Derivatives
US Treasury Proposes Rules for New Stock Buyback Excise Tax
By Editors | 10/04/2024
Corporations that undertake stock buybacks will have to pay a 1% excise tax on the fair market value of net repurchased shares during a tax year.
Securities / Derivatives
UBS Considers Stake Swap to Exit Credit Suisse China Venture
By Editors | 10/04/2024
UBS took control of the Credit Suisse venture last year and then put it up for sale due to restrictions on it holding majority stakes in two domestic brokerages simultaneously.
Market Infrastructure
EU Firms “Prepared” to Meet UPI Reporting Requirments: DSB
By Editors | 10/04/2024
The DSB said its user onboarding data reveals a steady increase in EU headquartered firms joining the UPI service.
Market Infrastructure
NAFMII Publishes Standard Agreement for Swap Connect
By Editors | 10/04/2024
The agreement is intended for use by domestic and foreign counterparties trading interest rate derivatives under Swap Connect.
Market Infrastructure
NZ FMA to Require Operational Resilience as Licence Condition
By Sanday Chongo Kabange | 09/04/2024
The FMA also launched a new “light-touch” online notification form for licence holders to notify the regulator of material incidents.
Crypto / Digital Assets
China Asset Management Applies to Launch Spot Bitcoin ETF in HK
By Editors | 09/04/2024
China Asset Management, one of the Mainland’s largest asset management companies, also has a cooperation agreement with HashKey.
ESG / Sustainability
CIX Launches Nature-Based Carbon Removal Contracts
By Nithya Subramanian | 09/04/2024
Climate Impact X said the contracts are designed to give buyers confidence and certainty in the projects delivered.
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