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Data Privacy
RBI Says Only Visa Complies With Data Localisation Rules
By Ranamita Chakraborty | 19/08/2021
Visa is the only foreign card network that complies with requirements for financial data on Indian customers to be stored locally, the RBI says.
Cryptocurrency
ASIC Warns Against Unlicensed Crypto Derivatives Trading
By Sanday Chongo Kabange | 19/08/2021
ASIC has received reports that investors who used unlicensed crypto-trading platforms have suffered losses due to excessive leverage, platform outages, or unfair liquidations.
Conduct, Culture & Accountability
Australian Court Issues Fines in First Criminal Case of Bad Audits
By Sanday Chongo Kabange | 19/08/2021
EC Audit and its former director Robert James Evett have been convicted and sentenced to pay fines for failing to follow auditing standards.
Structural Regulation
SGX Mulls Lower Market Cap Requirement for SPAC Listings
By Editors | 19/08/2021
SGX is reportedly considering reducing the proposed minimum market cap requirement from S$300mn proposed in its consultation to S$150mn.
Reporting & Disclosures
Australia Refines Super Fund Rules on Portfolio Disclosures
By Sanday Chongo Kabange | 19/08/2021
The regulations have been refined to ensure the disclosure regime for superannuation fund portfolio holdings is cost-effective and in members best interests.
Trading & Investment
China Pledges to Open Up Corporate Credit Bond Market
By Manesh Samtani | 19/08/2021
Coordinated efforts will be made to unify access arrangements for foreign institutional investors and streamline requirements on the management of cross-border capital.
Structural Regulation
SSE Removes SMIC From Key Index Over VIE Structure
By Sanday Chongo Kabange | 18/08/2021
SMIC will be removed from the SSE SH Equities Index starting 16 August because it is registered in the Cayman Islands.
Structural Regulation
RBI Launches New Index to Track Financial Inclusion Metrics
By Editors | 18/08/2021
The Financial Inclusoin Index for the period ending March 2021 measures at 53.9, compared to 43.4 for the period ending March 2017.
Clearing & Post-Trade
Depositories to Develop Platform for Monitoring Security Creation: SEBI
By Editors | 18/08/2021
SEBI is asking issuers, debenture trustees, and credit rating agencies to carry out necessary changes to ensure readiness to use the new DLT-based platform.
Structural Regulation
Australia Consults on New Financial Reporting Rules For Super Funds
By Sanday Chongo Kabange | 18/08/2021
Super funds will be required to prepare and lodge financial reports for each financial year and half-year with ASIC, and make their reports publicly available.
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