Markets & Infrastructure

Clearing & Post-Trade

TAIFEX Launches Central Clearing Service for OTC Derivatives

By Editors | 26/07/2022

Central clearing makes OTC derivatives trading safer, more efficient, and more competitive for participants, FSC chair Huang Tien-mu said at the launch ceremony.

Structural Regulation

India: Fees, Charges Payable to SEBI Now Subject to 18pc GST

By Editors | 26/07/2022

Fees paid by stock exchanges, clearing corporations, depositories, intermediaries and investors in securities markets are now subject to 18% GST.

Trading & Investment

Shanghai, Shenzhen Issue Pilot Rules for Affordable Housing REITs

By Darien Choong | 26/07/2022

New rules specify that proceeds raised from affordable housing REITs may not be used to finance commercial housing and commercial real estate development projects.

Market Data & Technology

SOFR Academy, Invesco Launch New Credit Spread Indices

By Editors | 26/07/2022

The new indices – known as AXI and FXI – will serve as forward-looking credit spread add-ons for SOFR for use in lending and derivatives markets.

Structural Regulation

HSBC Forms CCP Unit in Mainland Subsidiary – Report

By Darien Choong | 26/07/2022

Under Chinese law, all companies are required to have a CCP unit, but this has so far not been widely enforced at foreign financial firms.

Cryptocurrency

US SEC Plans to Require Registration from Crypto Lending Firms

By Mark Johnston | 26/07/2022

SEC Chair Gary Gensler said many crypto lenders operate investment companies or banks, and that they should have to be registered under securities law.

Payments & Settlements

China Expands FX Management Autonomy for Multinational Firms

By Editors | 26/07/2022

The PBOC and SAFE have expanded a pilot programme that allows multinational companies to pool domestic and foreign currency funds.

Data Privacy

China to Standardise Data Transmission by Securities Firms

By Editors | 26/07/2022

Many securities firms are still using manual processes to transmit data used by fund custodians, managers and fund service institutions for valuation and accounting purposes.

Trading & Investment

SGX, NYSE Agree to Collaborate on Dual Listings

By Editors | 25/07/2022

The agreement also covers the joint development of new ESG, index, and ETF products to address the growing needs of market participants and investors.