Securities / Derivatives

Securities / Derivatives

FSC Korea Revises Accounting Rules to Reduce Burden on Stock Companies

By Sanday Chongo Kabange | 18/08/2023

Requirement for smaller stock companies to undergo an external audit of their accounting control systems postponed for five years.

Securities / Derivatives

China Asks Funds to Avoid Being Net Equity Sellers – Report

By Editors | 18/08/2023

Stock exchanges reportedly told some investment funds to refrain for a day from selling more onshore shares than they purchased.

Securities / Derivatives

CSRC Solicits Industry Views on Developing Asset Management Sector

By Editors | 17/08/2023

The CSRC is asking securities firms, fund managers and futures companies about the challenges their asset management business face.

Crypto / Digital Assets

Coinbase Successfully Registers as Futures Commission Merchant

By Editors | 17/08/2023

This is the first time a crypto-native platform in the US has been granted approval to offer crypto futures alongside traditional spot crypto trading.

Crypto / Digital Assets

Euronext Amsterdam Lists Europe’s First Spot Bitcoin ETF

By Editors | 16/08/2023

The ETF is managed by Jacobi Asset Management and uses the FT Wilshire Bitcoin Blended Price Index as its reference.

AML / KYC

Korea to Crack Down on Financial Crime Involving Capital Markets

By Editors | 16/08/2023

The FSS and National Office of Investigation have signed an MoU to strengthen cooperation on illegal activities in the capital market.

Market Infrastructure

Philippines to Implement T+2 Stock Settlement Cycle on 24 Aug

By Sanday Chongo Kabange | 16/08/2023

The move will enhance operational efficiency, reduce risk, and align with overseas markets, said PSE CEO Ramon Monzon.

Market Infrastructure

Wealth Connect Hindered by ‘Narrow Range of Products’

By Editors | 16/08/2023

Market participants are looking for regulators to extend the Wealth Management Connect scheme to more products and well as widen its sales channels.

Capital / Liquidity

HKEX, Banks Working to Enhance Market Attractiveness – Report

By Manesh Samtani | 16/08/2023

Measures discussed include scaling back the stamp duty, and introducing cross margin arrangements to lower margin financing costs.