Markets & Infrastructure

Structural Regulation

China Starts Shutting Down Local Financial Asset Exchanges

By Editors | 29/03/2024

Local financial asset exchanges in Hunan, Liaoning, Xi’an and Chongqing have been closed, with regulators in other provinces and cities planning to do the same.

Cryptocurrency

VSFG & Value Partners Apply to Launch Spot Bitcoin ETF

By Editors | 29/03/2024

VSFG is said to be “actively engaged” in discussions with the SFC on plans to potentially launch the new spot bitcoin ETF in May.

Tokenisation

UK Proposes Two New Use Cases for Fund Tokenisation

By Manesh Samtani | 29/03/2024

Tokenising MMF units could facilitate their use as collateral, and reduce redemption pressures on MMFs during market stress.

PEPs & Sanctions

Businesses Have Lost Over $100bn From Russia Exits – Report

By Editors | 28/03/2024

Russia has steadily tightened its exit requirements as sanctions pressure has ramped up. It now demands discounts of at least 50% on foreign asset sales.

PEPs & Sanctions

Russia Buys its Own Diamonds to Support State-owned Alrosa

By Editors | 28/03/2024

The Russian government is for the first time in 15 years procuring diamonds from Alrosa, which has been targeted by sanctions.

Trading & Investment

Enhanced SMP Service for Derivatives to Launch in June: HKEX

By Sanday Chongo Kabange | 28/03/2024

Enhanced SMP features will be available for testing from 2 April. Optional readiness test will be held on 15 June ahead of the launch.

Cryptocurrency

LSE Proposes 28 May Launch for Crypto ETN Market Segment

By Manesh Samtani | 28/03/2024

Issuers seeking to list a Bitcoin- or Ethereum-backed crypto ETN on 28 May 2024 need to submit information to the LSE by 15 April 2024.

Clearing & Post-Trade

HKMA, SFC Call on Firms to Ensure Readiness for US Move to T+1

By Editors | 28/03/2024

Firms should consider deploying additional staff and or making adjustments to work shifts or working hours to cope.

Reporting & Disclosures

Australia Tables Bill to Introduce Climate Disclosures, Strengthen FMI Regime

By Sanday Chongo Kabange | 28/03/2024

The legislation will implement new mandatory climate reporting requirements and strengthen regulatory arrangements for FMIs.