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Trading & Investment
SFC, CSRC Announce Move to Expand Scope of Stock Connect
By Editors | 19/12/2022
After the expansion, Stock Connect is expected to include stocks that account for more than 80 percent of equity trading in each market.
Capital Adequacy
BNM Consults on Capital Requirements for CCP Exposures
By Editors | 19/12/2022
Proposed framework sets out requirements for managing risks arising from a financial institution’s exposures to CCPs in their capacity as a clearing member or a client of a clearing member.
Structural Regulation
EU Council Agrees to Implement Global Minimum Tax
By Editors | 19/12/2022
The 15% corporate minimum tax rate is expected to be transposed into EU wide rules by end-2023 and prompt other countries to speed up efforts to implement the measure.
Trading & Investment
FSB Offers LIBOR Transition Update, Warns of ‘Residual Risks’
By Manesh Samtani | 19/12/2022
Regulators continue to express concerns that the use of Term SOFR and credit sensitive rates could draw away liquidity from the overnight SOFR derivatives markets.
Structural Regulation
Korea to Lower Maximum Corporate Tax Rate Under Reform Plan
By Editors | 19/12/2022
Korea plans to lower its maximum corporate tax rate from 25% to 22% to promote investment and enhance the country’s competitiveness.
Structural Regulation
Singapore to Amend Law to Allow for Online General Meetings
By Editors | 19/12/2022
Orders introduced early in the pandemic to allow companies to conduct general meetings by electronic means will expire on 1 July 2023.
Structural Regulation
HKEX Proposes to Further Expand Paperless Listing Regime
By Editors | 19/12/2022
Paperless initiatives announced since 2020 have improved efficiency and lowered costs for issuers, HKEX says, proposing changes to further simplify its administrative procedures.
PEPs & Sanctions
US Adds Chinese Chipmakers, AI Firms to Trade Blacklist
By Editors | 19/12/2022
The move builds on new export controls announced in October, which were designed to prevent the transfer of advanced technology to China’s military, intelligence and security services.
Market Data & Technology
ICE Opens Access Centres in Hong Kong, Shanghai, Tokyo
By Editors | 18/12/2022
ICE says the enhanced connectivity includes ultra-low-latency access to exchanges in Hong Kong, Shanghai and Tokyo.
Conduct, Culture & Accountability
ASIC Takes First DDO Court Action Against Distributor
By Editors | 18/12/2022
The distributor cross-sold a non-guaranteed managed investment scheme to the same customers that bought guaranteed term deposits.
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