Structural Regulation

    Reporting on regulatory frameworks and rules governing market design, authorisation, and oversight of key financial market participants and infrastructures.

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    Trading & Investment

    Korea to Set New Fee Distribution Standards for Securities Lending

    By Editors | 31/08/2024

    Securities firms will have to transparently disclose their fee structures to investors and link fee distribution to the revenues generated from securities lending.

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    Custody & Infrastructure

    Taiwan Allows Foreign Investors to Designate Multiple Custodians

    By Editors | 31/08/2024

    Foreign institutional investors are now allowed to appoint up to four custodians to handle their dealings in Taiwan securities markets.

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    Supervision & Enforcement

    CFTC Penalises Nasdaq Futures Over False Disclosures

    By Editors | 30/08/2024

    Nasdaq Futures, which operated an energy commodity futures market from 2015-2018, did not fully disclose details of an incentive programme.

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    Structural Regulation

    SEBI to Raise Net Worth Requirements for Merchant Bankers

    By Ajoy K Das | 30/08/2024

    The current net worth requirement is around $6mn. SEBI proposes to raise this 10x for those handling main board issues.

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    Structural Regulation

    ASIC Fines CLSA for Providing Incorrect Regulatory Data

    By Sanday Chongo Kabange | 30/08/2024

    The failures arose from a change to CLSA’s global order management system that was “not adequately scoped and tested” before implementation.

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    Cloud & Infrastructure

    ASIC Launches Pilot Digital Portal for AFS Licensing

    By Editors | 30/08/2024

    The pilot involves a limited number of new AFSL applications before the new digital portal is fully adopted in Q1 2025.

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    Structural Regulation

    RBI Grants Recognition to First SRO for Fintech Sector

    By Ajoy K Das | 30/08/2024

    The RBI granted recognition to the ‘Fintech Association for Consumer Empowerment’, known as FACE.

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    Tokenisation

    US SEC Planning Legal Action Against NFT Platform OpenSea

    By Editors | 29/08/2024

    OpenSea CEO Devin Finzer said the SEC is threatening to sue because “they believe NFTs on our platform are securities”.

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    Trading & Investment

    MAS Identifies Priority Areas for Equities Market Review Group

    By Ranamita Chakraborty | 29/08/2024

    The review group has identified the areas of focus for its two workstreams and pledged to announce recommendations in phases.

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    Structural Regulation

    ASIC Revises Trade Reporting Rules to Adopt February Proposals

    By Manesh Samtani | 29/08/2024

    ASIC will adopt the ‘nexus’ test to determine the scope of foreign entity reporting and remove alternative reporting.

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