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Markets & Infrastructure
Conduct, Culture & Accountability
ASIC Files Suit Against PayPal for Unfair Contract Term
By Editors | 07/09/2023
The term in question gives PayPal business account holders 60 days to notify the company of any errors or discrepancies in fees, or else accept those fees as accurate.
Trading & Investment
Bursa Malaysia Partners With Cradle to Boost Startup Listings
By Editors | 07/09/2023
Cradle will help Bursa Malaysia gain market intelligence on the local startup ecosystem, aiding it in identifying potential candidates for listing at an early stage.
CBDCs
RBI Seeking to Develop More Use Cases for CBDC
By Editors | 07/09/2023
The RBI plans to start allowing the use of CBDC in the call money market, which is used for short-term interbank borrowing.
Structural Regulation
ASIC Directs Retail OTC Issuers to Improve DDO Compliance
By Sanday Chongo Kabange | 07/09/2023
ASIC said it will punish issuers of CFDs and other high-risk products for failure to comply with their design and distribution obligations.
Structural Regulation
China Passes Law Allowing Citizens to Sue Foreign Countries
By Editors | 07/09/2023
The previous law gave “absolute immunity” to foreign countries and their property, preventing any cases in Chinese courts against them.
Conduct, Culture & Accountability
SEBI Asks AIF Industry to Develop Governance Code
By Mark Johnston | 07/09/2023
The code would aim to address issues such as conflicted transactions, disclosure standards, valuation practices, and interpretation of regulations.
Trading & Investment
Philippines Will Implement Short Selling Rules, Says Regulator
By Sanday Chongo Kabange | 07/09/2023
The SEC approved guidelines on short selling as early as 2018. It now says it is pushing to align its rules with major Asian markets.
AI Risk & Governance
SEBI Developing AI Tool to Detect Fund Mis-selling
By Editors | 07/09/2023
The AI tool will be able to detect misselling that may go unnoticed using “rule-based supervision”, said SEBI chairperson Madhabi Puri Buch.
Conduct, Culture & Accountability
Australian Parliament Passes Financial Accountability Regime Bill
By Editors | 07/09/2023
The FAR replaces and extends the BEAR by imposing new accountability obligations on insurers, banks, super funds, and their senior executives.
Structural Regulation
Grab-Singtel Digital Bank Approved for Launch in Malaysia
By Editors | 07/09/2023
GXBank, backed by Grab, Singtel and Kuok Brothers, has become the first digital bank applicant to win approval to commence operations.
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