Markets & Infrastructure

    Trading & Investment

    The Role of Technology in Managing Fragmentation in Markets

    By Jennifer Keser | 19/07/2021

    Technology is increasingly serving as a counterbalance to mitigate the impacts of regulatory-driven market fragmentation in APAC, writes Tradeweb’s Jennifer Keser.

    Structural Regulation

    ACCC Wary of Potential NAB Bid for Citigroup Unit

    By Editors | 18/07/2021

    NAB is in talks about a possible acquisition of Citigroup’s Australian retail banking business. The ACCC says it is paying close attention.

    Tokenisation

    SFC Issues Warning on Unregulated Virtual Asset Platforms

    By Editors | 18/07/2021

    Soon after the SFC’s statement, Binance announced that stock tokens will no longer be available for purchase on its website.

    Data Privacy

    China to Exempt Hong Kong IPOs from Cybersecurity Reviews

    By Editors | 18/07/2021

    Chinese officials have reportedly outlined an exemption from the requirement to undergo a cybersecurity review for companies destined for a Hong Kong IPO.

    Trading & Investment

    Korean Regulators Ramp Up Scrutiny of IPO Valuations

    By Ranamita Chakraborty | 18/07/2021

    Listing applicants in Korea have recently had to lower their IPO pricing to address FSS concerns over high valuations.

    Trading & Investment

    HKMA Publishes Criteria for PE Funds Seeking Tax Concession

    By Editors | 18/07/2021

    A fund should have operating expenditure incurred in Hong Kong for the provision of investment management services amounting to at least HK$2mn.

    Trading & Investment

    CFTC Set to Formally Adopt of ‘SOFR First’ Initiative

    By Editors | 18/07/2021

    SOFR First has four phases, starting with the adoption of SOFR instead of LIBOR as the default rate for USD linear swaps from 26 July 2021.

    Trading & Investment

    ESMA Outlines Disclosure Expectations for SPACs

    By Sanday Chongo Kabange | 18/07/2021

    The guidance is aimed at enhancing the comprehensibility and comparability of SPAC prospectuses and ensuring investors are adequately protected.

    Structural Regulation

    ASIC Proposes Additional Guidance on Litigation Funding

    By Ranamita Chakraborty | 17/07/2021

    ASIC proposes to grant relief from the equal treatment duty to enable the effective distribution of a resolution sum obtained in a class action.

    Structural Regulation

    CSRC Proposes New Rules for Subsidiaries of Futures Companies

    By Editors | 17/07/2021

    CNY 300 million in net capital will be required for a futures company to establish a subsidiary. The activities of overseas subsidiaries will be restricted.

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