Markets & Infrastructure

Clearing & Post-Trade

ESMA Adds TAIFEX to List of Recognised Third Country CCPs

By Editors | 18/01/2023

The recognition allows European financial institutions to apply the minimum risk weight of 2 percent for exposures to TAIFEX derivatives.

Cybersecurity

China Further Signals End to Tech Sector Crackdown

By Manesh Samtani | 18/01/2023

Didi passed its security review and is allowed to resume onboarding new customers. Government entities are acquiring “golden shares” in some tech giants.

Conduct, Culture & Accountability

ASIC Commissioner Steps Down Early to Join Vanguard

By Editors | 17/01/2023

Commissioner Sean Hughes was due to end his five-year term in December but will now stop on 3 February.

Structural Regulation

RBI Tightens Rules on Ownership of Bank Shares

By Mark Johnston | 17/01/2023

The rules are intended to ensure control and ownership stay “well-diversified” and major shareholders are ‘fit and proper’.

CBDCs

Chinese Securities Firm Switches on CBDC Payment Option

By Editors | 17/01/2023

China’s e-CNY system can also now capable handle offline payments, and “tap to pay” can function when devices are powered off.

Structural Regulation

Two Chinese Airlines to Voluntarily Delist from NYSE

By Sanday Chongo Kabange | 17/01/2023

The voluntary delistings are a recognition that Chinese state firms will be unable to provide US regulators full access to their audit records as required.

Conduct, Culture & Accountability

EU Regulators to Scrutinise Financial Product Marketing

By Editors | 17/01/2023

A review will be undertaken this year to assess whether marketing and advertising comply with MiFID II disclosure rules.

Payments & Settlements

Non-Resident Indians Allowed to Make UPI Transfers

By Editors | 17/01/2023

NPCI said NRIs in ten jurisdictions can use the UPI platform to digitally transfer funds, using their international mobile numbers.

Clearing & Post-Trade

India to Complete Transition to T+1 on 27 January

By Editors | 17/01/2023

All large-cap and blue-chip stocks will move to the shortened T+1 settlement cycle on 27 January. Market liquidity and trading volumes are expected to improve.