Markets & Infrastructure

Conduct, Culture & Accountability

UK FCA Imposes Restrictions on Odey Asset Management

By Mark Johnston | 19/06/2023

The restrictions are intended to facilitate an orderly breakup of Odey Asset Management, after its founder was accused of sexual misconduct.

Payments & Settlements

RBNZ Considers Expanding Access to Settlement Accounts

By Sanday Chongo Kabange | 19/06/2023

The RBNZ is seeking feedback on a framework to assess the risks of opening up access to the Exchange Settlement Account System.

Fraud, Scams & Cybercrime

US FDIC Orders OKCoin to Stop Advertising Deposit Insurance

By Sanday Chongo Kabange | 19/06/2023

Crypto firm OKCoin is directed to “immediately” remove misleading statements about deposit insurance or face enforcement action.

Structural Regulation

SEBI to Require Top Listed Entities to Respond to Market Rumours

By Ranamita Chakraborty | 19/06/2023

The requirement will apply to the top 100 listed entities from 1 October 2023, and to the top 250 listed entities from 1 April 2024.

Structural Regulation

BOT Publishes New Consultation Paper on Virtual Bank Licensing Framework

By Editors | 19/06/2023

The consultation paper clarifies expectations for virtual banks to stimulate healthy competition and elaborates on the key qualifications of applicants.

Structural Regulation

Malaysia SC to Refine Investor Classification Framework

By Ranamita Chakraborty | 19/06/2023

The SC will also allow fund managers to offer foreign funds to high-net-worth entities and institutional investors.

Conduct, Culture & Accountability

SGX RegCo Reprimands Former Nutryfarm Directors for Breach of Listing Rules

By Karen Ng | 19/06/2023

The former Nutryfarm directors did not disclose a possible loan restructuring that would have a a material dilutive effect on Nutryfarm’s existing shareholders, SGX RegCo said.

Trading & Investment

HKEX Launches HKD-RMB Dual Counter Model

By Manesh Samtani | 19/06/2023

24 Hong Kong-listed companies have started offering both HKD and RMB trading counters.

Clearing & Post-Trade

Global Consortium Executes First “Quantum-Secure” Trade Transaction

By Sanday Chongo Kabange | 19/06/2023

The trade parties utilised IMDA’s ‘TradeTrust framework’ and placed a quantum-secure ‘seal’ on the electronic trade documents.