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Clearing & Post-Trade
DTCC Goes Live With New DLT-Based Settlement Platform
By Editors | 23/08/2022
The Project Ion platform is now parallel processing an average of over 100,000 bilateral equity transactions per day.
Structural Regulation
BSP to Increase Penalties for Misreporting of FX Transactions
By Editors | 23/08/2022
The new penalties regime is intended to help protect the value of the Philippine peso, maintain price stability, and deter future violations.
Conduct, Culture & Accountability
Australia to Increase Max Penalties for Anti-Competitive Conduct
By Sanday Chongo Kabange | 23/08/2022
The maximum penalties for breaches of competition and consumer laws companies are being raised five-fold for both individuals and corporates.
Payments & Settlements
India, Russia Continue to Explore Non-USD Trade Options
By Editors | 23/08/2022
Indian and Russian banks are discussing the use of customised trade accounts and an exchange rate mechanism that will enable trade settlement in rupees and rubles.
Structural Regulation
FSC Korea to Revise 5pc Shareholding Disclosure Rule
By Sanday Chongo Kabange | 23/08/2022
The revisions will require more detailed information to be disclosed regarding the purpose of shareholding. Initial adoption will be on a voluntary basis.
Structural Regulation
CBIRC Grants Mapfre Re Approval to Set Up Beijing Subsidiary
By Editors | 22/08/2022
The Spanish reinsurer said the approval will allow it to increase its business operations in China, where it so far only has a representative office.
Alternative Markets
Thai SEC Consults on Rules for VC, PE Tax Exemptions
By Editors | 22/08/2022
VC and PE firms can obtain tax exemptions for investments in certain target industries until 2032.
Alternative Markets
Taiwan FSC Allows Banks to Offer Wider Range of Offshore Funds
By Editors | 22/08/2022
Banks can offer high net worth clients access to uncertified securities investment trust funds from other jurisdictions.
Reporting & Disclosures
Bursa Malaysia Issues Investor Relations Guidance for PLCs
By Editors | 22/08/2022
The new guidebook will help listed companies in their engagement with stakeholders and investor relations, Bursa Malaysia said.
Trading & Investment
Hong Kong Tracker Fund to Add RMB Trading Counter
By Editors | 22/08/2022
The RMB counter will trade only in the secondary market, starting from 19 September, when Hang Seng Investment Management takes over as manager.
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