Markets & Infrastructure

Cryptocurrency

Crypto Major OKX Wins In-principle Approval in Singapore

By Ranamita Chakraborty | 14/03/2024

OKX will focus on spot products first while it works to bring local banking connections to customers “as soon as possible”.

Structural Regulation

SEBI to Require More Stock Brokers to Meet Enhanced Obligations

By Ajoy K Das | 14/03/2024

SEBI is expanding the ‘Qualified Stock Brokers’ framework introduced last year to capture more brokers under “enhanced obligations”.

KYC & CDD

Singapore: First Batch of Changes to Business Trusts Act Take Effect

By Manesh Samtani | 14/03/2024

Phase 1 implementation introduces requirements for CEOs of business trusts to disclose their interests in transactions, among other provisions.

Structural Regulation

Bangladesh Bank Sets Rules for Independent Directors of NBFIs

By Ajoy K Das | 13/03/2024

The central bank has set a maximum monthly salary limit and laid down minimum qualifications in terms of age, education, and professional experience.

Capital Adequacy

Regulation Seen as Key Challenge to Derivatives Industry in 2024

By Manesh Samtani | 13/03/2024

New FIA and Coalition Greenwich research identifies capital requirements as the single greatest issue facing derivatives market participants.

Structural Regulation

KRX to Implement New Bond Listing Process from 1 April

By Editors | 13/03/2024

The changes are required to ensure any issues encountered in the issuance process are fully resolved before listing on the market.

Structural Regulation

ASIC Revises Derivative Reporting Rules to Adopt November Proposals

By Editors | 13/03/2024

Other changes proposed in February 2024 have not yet been adopted. The new reporting requirements for OTC derivatives are due to come into effect on 21 October.

Cryptocurrency

Coinbase Launches Legal Challenge Against US SEC

By Manesh Samtani | 13/03/2024

Coinbase argues that the SEC acted arbitrarily and capriciously when it summarily denied a petition seeking tailored rules for the crypto industry.

Trading & Investment

SGX Unveils Plans to Launch SORA, TONA Derivatives

By Nithya Subramanian | 13/03/2024

Interest rate futures linked to the SORA and TONA will serve as cost-effective and transparent hedging and trading tools for investors.