Markets & Infrastructure

Cryptocurrency

US SEC Objects to Binance Acquisition of Bankrupt Crypto Lender

By Editors | 07/01/2023

The SEC may be concerned about a possible co-mingling of funds between Binance’s US and global entities to fund the acquisition.

Conduct, Culture & Accountability

Former BlackRock Portfolio Manager Fined Over Undisclosed Conflict

By Editors | 05/01/2023

The portfolio manager failed to disclose that he had asked an investee company to help advance his daughter’s acting career and that it helped her obtain a film role.

Clearing & Post-Trade

RBI Working to Mitigate Risks from ESMA Decision on Indian CCPs

By Mark Johnston | 05/01/2023

The RBI said it is engaging with European regulators and discussing “alternate arrangements” to avert a market disruption that could result from ESMA’s derecognition of Indian CCPs.

Trading & Investment

CSRC Proposes New Position Management Rules for Futures Market

By Editors | 04/01/2023

The proposed rules empower futures exchanges to impose position limits and reporting requirements on market participants. Position limit exemptions may be granted for hedging activities.

Conduct, Culture & Accountability

CBIRC Issues New Consumer Protection Rules for Banks, Insurers

By Editors | 04/01/2023

Banks and insurers must incorporate consumer protection mechanisms into their corporate governance, culture-building exercises, and business development strategies.

Structural Regulation

SSE, SZSE Set Out Requirements for STAR Market, ChiNext Listings

By Editors | 04/01/2023

Sponsors must use the new regulations to determine whether issuers comply with the positioning requirements of each market.

Structural Regulation

CSRC Bars Two Online Brokers from Onboarding Mainland Investors

By Editors | 04/01/2023

Futu Holdings and Tiger Brokers have been offering offshore trading services to mainland clients though they are not licensed in China.

Payments & Settlements

BNM Finalises New Rules for Electronic Money Issuers

By Editors | 03/01/2023

E-money issuers with more than 500,000 active users are subject to stricter governance, business continuity management and technology risk management requirements.

Payments & Settlements

US FTC Orders Mastercard to Stop Blocking Competing Networks

By Editors | 03/01/2023

The FTC says Mastercard used its control over its “tokenisation” process to block the use of competing payment card networks.