Markets & Infrastructure

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    Structural Regulation

    ASIC Issues First DDO Stop Order Against CFD Distribution

    By Sanday Chongo Kabange | 06/06/2023

    ASIC said Mitrade Global relied on a retail investor questionnaire with “significant flaws”. The interim stop order was later revoked.

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    Trading & Investment

    SEBI Orders Stockbrokers to Direct More Trades to RFQ Platforms

    By Sanday Chongo Kabange | 06/06/2023

    From 1 July, stockbrokers will have to channel at least 10% of their proprietary corporate bond trades by value through RFQ platforms.

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    Structural Regulation

    SGX RegCo Resumes Watch Listing Process After Three Years

    By Editors | 06/06/2023

    SGX RegCo suspended the half-yearly watch-list reviews in June 2020. With the resumption, nine companies have been added to the list.

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    Cybersecurity

    BIS Proves Viability of Quantum-Safe Financial System

    By Editors | 06/06/2023

    Project Leap involved the design and deployment of a secure communication channel to protect financial data against future threats from quantum computers.

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    AI Risk & Governance

    SFC Chief Calls for Strong AI Governance at Licensed Firms

    By Ranamita Chakraborty | 06/06/2023

    The SFC will hold licensed firms responsible for conduct breaches involving AI, Julia Leung said at an HKIFA conference.

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    Clearing & Post-Trade

    ASX Releases Reports on CHESS System to ASIC, RBA

    By Sanday Chongo Kabange | 06/06/2023

    ASX to keep CHESS operational until at least 2032. ASIC said it is prepared to take regulatory action to ensure ASX complies with its regulatory obligations.

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    Structural Regulation

    Changes to Position Limit Regime to Take Effect in December: SFC

    By Manesh Samtani | 06/06/2023

    Asset managers will have primary responsibility for position limit compliance and reporting obligations at the individual fund or sub-fund level.

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    Cybersecurity

    RBI Consults on Cyber Resilience Guidelines for Payment System Operators

    By Sanday Chongo Kabange | 06/06/2023

    The draft guidelines are intended to help non-bank payment system operators mitigate emerging cyber security risks.

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    Anti-Bribery & Corruption

    PwC Australia Facing Loss of “Substantial” Government Contracts

    By Editors | 06/06/2023

    A number of government agencies, including ASIC, are reviewing contracts with PwC Australia over confidentiality breaches.

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    Payments & Settlements

    Sri Lanka, Nepal to Link Payment Networks LankaPay and Fonepay

    By Sanday Chongo Kabange | 06/06/2023

    The payment link will enable Sri Lankan and Nepali citizens to make merchant payments in each other’s country using a mobile-based QR code.

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