SECURITIES / DERIVATIVES

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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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