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Securities / Derivatives
Korea Proposes Record Penalties for ELS Mis-selling by Banks
By Mark Johnston | 03/12/2025
The FSS has notified five banks of record penalties totalling KRW 2 trillion over mis-sold derivatives, threatening capital ratios.

Securities / Derivatives
Korean Lawmakers Agrees on New Dividend Tax Regime
By Mark Johnston | 02/12/2025
South Korean lawmakers agree on dividend tax reforms to incentivise shareholder returns while deadlock remains on corporate tax rate increases.

Market Infrastructure
India to Establish Market Making Framework for Sub-AAA Corporate Bonds
By Nithya Subramanian | 02/12/2025
The market-making framework for sub-AAA corporate bonds is being developed at the government’s request, aimed to boost liquidity and make lower-rated debt more tradable for investors.

Securities / Derivatives
Pakistan Launches Council to Overhaul Capital Market Taxes
By Mark Johnston | 02/12/2025
Finance Minister Muhammad Aurangzeb orders comprehensive tax review and establishes working groups to shift economy from bank reliance to market-based financing.

Securities / Derivatives
South Korean Lawmakers Advance Security Token Legislation
By Mark Johnston | 02/12/2025
The legislation will establish the legal basis for security token offerings (STOs), setting the stage for a competitive race among firms seeking to launch new trading platforms.

Securities / Derivatives
ASX Suffers Another Outage, Drawing Fresh Scrutiny from Regulators
By Sanday Chongo Kabange | 02/12/2025
A technical failure on the ASX's announcements platform on Monday halted trading in dozens of stocks.

Securities / Derivatives
CME Outage Halts Global Trading, Spurs Calls for More Competition
By Manesh Samtani | 02/12/2025
A 10-hour outage caused by a data centre cooling failure trapped traders and highlighted market structure vulnerabilities.

Enforcement
Japan Makes First Arrests in $4.6b Securities Hijacking Probe
By Mark Johnston | 02/12/2025
Authorities apprehend two suspects linked to a market manipulation scheme involving hijacked online accounts and record-breaking fraudulent trading volumes.

Securities / Derivatives
China Proposes to Launch New Commercial REITs Pilot Programme
By Mark Johnston | 02/12/2025
The CSRC seeks public feedback on draft rules designed to broaden financing channels and revitalise the country’s vast stock of commercial assets.

Securities / Derivatives
SEBI Launches New Scheme for Firms Seeking Informal Guidance
By Nithya Subramanian | 02/12/2025
The updated scheme sets out a more structured process for obtaining no-action and interpretive letters, introduces clearer timelines and confidentiality rules.
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