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

KYC & CDD
SEBI Simplifies Rules for Obtaining ‘Accredited Investor’ Status
By Ajoy K Das | 19/12/2023
Certain documentary requirements are removed, certification will be granted based solely on KYC and financial information, and the validity period is lengthened.

Market Data & Technology
CFTC Approves Rule to Allow UPI Use in Swaps Reporting
By Sanday Chongo Kabange | 19/12/2023
The use of the UPI in the reporting of OTC derivatives in the US will start on 29 January 2024.

Trading & Investment
JPX Prepares for New NISA Launch in 2024
By Mark Johnston | 19/12/2023
JPX will support the launch of the expanded NISA by making it easier to make small investments that qualify for tax exemptions under the programme.

Payments & Settlements
Japan, Cambodia Agree to Establish Cross-border QR Payment Link
By Editors | 19/12/2023
Japan’s METI and Cambodia’s central bank signed an MoC establishing a framework to cooperate on cross-border payment systems using QR Code technology.

Structural Regulation
SGX Offers Guidance to Listed Companies on Rights Issues
By Nithya Subramanian | 19/12/2023
The guidance came after Stamford Land allocated excess rights shares to directors and controlling shareholders before fully satisfying applications by minority shareholders.

Payments & Settlements
China Expands Pilot Programme to Boost Cross-border Trade and Investment
By Editors | 19/12/2023
The pilot programme, launched in 2022, is expanded to cover all of Shanghai, Jiangsu, Guangdong, Beijing, Zhejiang, and Hainan.

Alternative Markets
India’s NSE Lists First Entity on New Social Stock Exchange
By Ajoy K Das | 18/12/2023
NSE’s social stock exchange enables direct listings from NPOs and other social enterprises, enabling them to raise financing with increased transparency.

Trading & Investment
IOSCO Issues Recommendations on Accounting for Goodwill
By Ranamita Chakraborty | 18/12/2023
The seven recommendations aim to improve the reliability, faithful representation and transparency of goodwill disclosed in financial statements.

Trading & Investment
CSRC Calls for Higher Dividends, Share Buybacks by Listed Companies
By Editors | 18/12/2023
Listed companies are asked to increase the frequency and amounts of their dividend payouts, and to boost share buybacks to “safeguard company value”.

Structural Regulation
HKEX: GEM Reforms to Take Effect from 1 January 2024
By Editors | 17/12/2023
The reforms will enable enterprises to more easily list on GEM, reduce the burden of continuing obligations, and streamline the process for transfers to the Main Board.
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