Markets & Infrastructure

Market Abuse

Korea Considers Naked Short-selling Penalties for Global Banks

By Editors | 22/12/2023

Last month, Korean regulators said they found that the Hong Kong units of HSBC and BNP Paribas committed naked short selling.

Structural Regulation

UK FCA Issues Listing Reform Proposals for Consultation

By Manesh Samtani | 22/12/2023

The FCA is also consulting on rules for a bond market consolidated tape and proposals to increase the availability of bond and derivatives information.

Structural Regulation

Hong Kong Consults on Implementation of Global Minimum Tax

By Editors | 22/12/2023

Hong Kong intends to apply the global minimum effective tax rate of 15 percent on in-scope MNE groups starting from 2025 onwards.

Clearing & Post-Trade

SEBI Directs Clearinghouses to Back-up Risk Management Systems

By Ajoy K Das | 22/12/2023

Clearing corporations should be able to a SaaS-based RMS within 30 minutes in the event of a disruption with their existing RMS.

Structural Regulation

IFSCA Working Group Issues Recommendations on Direct Listing Framework

By Ajoy K Das | 22/12/2023

The report suggests two models to enable direct listings by Indian companies at GIFT City exchanges.

Structural Regulation

HK AFRC to Start Inspections of Mainland Auditors of HK-Listed Entities

By Sanday Chongo Kabange | 22/12/2023

Under a partnership with Chinese authorities, the AFRC will start to inspect engagements involving audit working papers located on the Mainland.

Payments & Settlements

China to Add Macau Pataca to Interbank FX Trading System

By Editors | 22/12/2023

Trading in the RMB/MOP currency pair will launch on 2 January 2024, and in the USD/MOP and HKD/MOP pairs from 2 March.

Structural Regulation

SEBI Directs FMIs to Self-Assess Compliance With PFMIs

By Ajoy K Das | 21/12/2023

Depositories and clearing corporations are directed to assess their compliance with the PFMIs on a periodic basis and report the results to SEBI.

Conduct, Culture & Accountability

HKMA Issues Guidance for Banks on Digital Marketing

By Sanday Chongo Kabange | 21/12/2023

Banks are asked to review their digital marketing activities for general banking products to ensure consumer protections are in place.