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Fraud, Scams & Cybercrime
CSRC to Eliminate “Fake” Private Equity, Venture Capital Funds
By Editors | 01/09/2021
CSRC chairman Yi Huiman said “fake” private equity funds that are sold to the general public instead of targeted investors will be eliminated.
Trading & Investment
ICE Futures Singapore to Launch Micro US, Europe Index Futures
By Editors | 01/09/2021
The Micro MSCI USA and Micro MSCI Europe Index futures contracts will begin trading on ICE Futures Singapore from 11 October 2021.
Payments & Settlements
MAS Grants New Payment Services Licences to FOMO Pay
By Manesh Samtani | 01/09/2021
MAS has granted three new licenses to FOMO Pay, including a DPT services licence. More new licences are expected to be announced shortly.
Supervision & Enforcement
SFC Suspends Former Emperor Representative for 2 Years
By Manesh Samtani | 01/09/2021
The broker transferred client money through bank accounts he owned to help two clients transfer money to/from the Mainland, among other violations.
Trading & Investment
BlackRock Launches First Retail Fund Through New China Unit
By Editors | 01/09/2021
The fund will be distributed by three Chinese lenders. BlackRock plans to roll out passively-managed funds in China in the future as well.
Trading & Investment
BOT Urges Faster Adoption of THOR by Market Participants
By Pongnut Thanaboonchai | 31/08/2021
The BOT’s issuance of floating rate notes referencing THOR has drawn interest from investors and helped to lower spreads in the OIS market.
Structural Regulation
Australia Issues Consultation to Finalise CCIV Regime
By Sanday Chongo Kabange | 31/08/2021
The CCIV regime will offer a more flexible and tax-efficient corporate structure for fund managers. The regime is targeted to commence from 1 July 2022.
Trading & Investment
Korea FSS Outlines Key Risks of Investment in SPACs
By Manesh Samtani | 31/08/2021
13 SPAC IPOs in Korea this year were oversubscribed 169.4 to 1. Historically, 85 of 133 SPACs completed mergers, a success rate of 63.9%.
Payments & Settlements
Australia Payments System Review Exposes Regulatory Gaps
By Sanday Chongo Kabange | 31/08/2021
The review recommends enhancing the government’s powers to protect the payments system. A single, integrated licensing framework for payment services should also be introduced.
Structural Regulation
India Financial Reporting Authority Seeks Auditor Oversight Powers
By Editors | 31/08/2021
The National Financial Reporting Authority is preparing a draft bill to propose to the government that will grant it greater financial autonomy and broader regulatory powers.
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