Structural Regulation

Payments & Settlements

India’s UPI Payment Service Launches in France

By Ajoy K Das | 07/02/2024

The service will enable Indian tourists to make UPI-based payments across merchants in France.

Trading & Investment

CSRC Halts Securities Lending to Support Stock Market

By Manesh Samtani | 07/02/2024

Brokerage firms are prohibited from engaging in securities refinancing business. State investor Central Huijin is expanding its ETFs purchases.

Structural Regulation

Malaysia: SC Streamlines Authorisation Process for CMIs, RMOs

By Nithya Subramanian | 07/02/2024

The new approach will shorten the time to market for for new capital market intermediaries and recognised market operators to three months from six months previously.

Market Abuse

China Works to Stablise Markets With Trading Curbs, Strong Words

By Manesh Samtani | 06/02/2024

CSRC vowed to punish market manipulation and malicious short selling. Institutional investors were told to avoid selling and brokers to avoid forced liquidations.

Structural Regulation

SC Malaysia Broadens Sophisticated Investor Categories

By Ranamita Chakraborty | 06/02/2024

The SC now considers knowledge, experience, and primary residence value for the sophisticated investor qualification.

Payments & Settlements

India Issues Regulatory Framework for GIFT City Payment Services

By Ajoy K Das | 06/02/2024

The regulations cover account issuance, e-money issuance, escrow, cross-border money transfer and merchant acquisition services.

Alternative Markets

SEBI Proposes to Allow AIFs to Pledge Equity Shares

By Ajoy K Das | 06/02/2024

Consultation proposes to allow Category I and II AIFs to create encumbrances on equity holdings in infrastructure sector companies.

Structural Regulation

EU to Ramp Up Monitoring of BigTech Financial Services

By Manesh Samtani | 05/02/2024

The provision of financial services by BigTechs does not yet pose a financial stability risk, but policy action may be required as these activities continue to grow.

Credit Risk

PBOC Fines Six Rating Agencies, Including Unit of S&P Global

By Editors | 05/02/2024

The agencies were found to have shortcomings in their rating business processes, violating independence requirements and breaching consistency principles.