Markets & Infrastructure

Structural Regulation

Vietnam Considers Higher Foreign Ownership Limits at Banks

By Editors | 12/02/2023

A higher foreign ownership limit of 49 percent is being considered for banks that participate in restructuring weak credit institutions.

Trading & Investment

Bursa Malaysia Updates SBL Framework for Islamic Securities

By Editors | 12/02/2023

A new remedial option allows users to recall or acquire back securities if their status changes to Shariah non-compliant.

Structural Regulation

PBOC Issues New Rules for FHCs on Related-Party Transactions

By Editors | 12/02/2023

Financial holding companies have to set upper limits for related-party transactions and establish systems for their management, reporting and disclosure.

Alternative Markets

SEBI Proposes Slew of Rule Changes for Alternative Investment Funds

By Editors | 12/02/2023

SEBI proposes to eliminate upfront fees charged to investors in AIFs, and to require mandatory dematerialisation of AIF units, among other changes.

Structural Regulation

SEBI Loosens Rules on Meeting Minimum Public Float Requirement

By Editors | 11/02/2023

Listed companies are allowed to increase public float through the exercise of options, the allotment of shares under an ESOP, and by selling promoter shares to an ETF.

Stablecoins

Visa Reveals Plans to Allow Direct Settlement Using USDC

By Sam Chen | 10/02/2023

Visa has tested the feasibility of accepting large value settlement payments in USDC, using the same process as for foreign currency transactions.

CBDCs

Laos Launches CBDC Proof of Concept with Soramitsu

By Editors | 10/02/2023

The PoC aims to assess how a CBDC can promote financial inclusion, improve cross-border remittances, and modernise Laotian payment systems.

Structural Regulation

Singapore Proposes to Permanently Allow Electronic Meetings

By Editors | 10/02/2023

Under proposed amendments, companies, VCCs and business trusts will continue to have the option of conducting fully virtual or hybrid general meetings.

Conduct, Culture & Accountability

Australia to Consult on Changes to Financial Advice Framework

By Sanday Chongo Kabange | 10/02/2023

The newly released quality of advice review report offers 22 recommendations for regulatory changes to make financial advice more affordable and accessible.