Markets & Infrastructure

Cryptocurrency

Japan FSA Calls for Lower Taxes on Crypto for Individuals

By Thisanka Siripala | 05/09/2024

The FSA says gains from trading and investing in crypto should be taxed at a 20% flat rate, the same as traditional financial assets.

Structural Regulation

India IFSCA Issues New Listing Regulations for GIFT City

By Ajoy K Das | 04/09/2024

The regulations specify requirements for Indian and foreign companies seeking to list debt and equity securities (including SPACs) in GIFT City.

Custody & Infrastructure

US SEC Penalises Fund Adviser Over FTX-Linked Losses

By Nithya Subramanian | 04/09/2024

Galois Capital Management used crypto trading platforms like FTX to hold crypto assets for fund investors instead of qualified custodians.

Trading & Investment

SEBI to Simplify Entry Rules for Government Bond Market

By Ajoy K Das | 04/09/2024

SEBI is working on easing its registration requirements for foreign investors that solely invest in Indian government bonds.

Trading & Investment

Japan’s MUFG Bank to Enter Electricity Futures Market

By Thisanka Siripala | 04/09/2024

New approvals from TOCOM and JSCC allow MUFG Bank to offer clients trade execution and clearing services in the electricity futures market.

Conduct, Culture & Accountability

US SEC Fines Six Rating Agencies for Record Keeping Violations

By Editors | 04/09/2024

Moody’s Investors Service and S&P Global Ratings agreed to pay $20mn, while Fitch Ratings will pay $8mn.

Credit Risk

OJK Indonesia Requiring Banks to Disclose Details on Loan Rates

By Nithya Subramanian | 04/09/2024

Effective from October 2024, the new rules aim to enhance transparency, boost competition, and protect borrowers from excessive fees.

Cybersecurity

RBI Sets Out Five-point Agenda for Future Financial Landscape

By Ajoy K Das | 04/09/2024

RBI governor Shaktikanta Das outlined five strategic priorities, including sustainable finance, cybersecurity, and financial infrastructure.

Structural Regulation

SFC Issues Licensing Guidance for Visiting and Returning Professionals

By Sanday Chongo Kabange | 03/09/2024

The SFC provides guidance on licensing options for professionals visiting and returning to Hong Kong to conduct regulated activities.