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

Structural Regulation
UK, NZ Sign Pact to Mutually Recognise Auditor Qualifications
By Sanday Chongo Kabange | 29/09/2023
The New Zealand FMA and UK’s FRC have agreed on mutual recognition of the professional qualifications of auditors.

Trading & Investment
India Considers Allowing Trading in Fractional Shares – Report
By Mark Johnston | 29/09/2023
Fractional shares could simplify investing for India’s retail investors and help address the market entry challenges they currently face.

Structural Regulation
HKEX Allows Saudi Companies to Apply for Secondary Listings in Hong Kong
By Editors | 29/09/2023
Companies with a primary listing on the Saudi Exchange’s Main Market can apply for a secondary listing in Hong Kong.

Structural Regulation
HSBC to Acquire Citi Consumer Business in China – Report
By Editors | 29/09/2023
HSBC will reportedly acquire Citigroup’s China consumer wealth management business in a deal that could be announced as early as next month.

Conduct, Culture & Accountability
Citigroup Fined for Violating Disclosure Obligations Under Reg BI
By Editors | 29/09/2023
Citi defaulted about 360,000 accounts to receive disclosures electronically without receiving proper consent from the customers.

Trading & Investment
Regulators Announce Planned Enhancements for Wealth Connect
By Editors | 29/09/2023
The eligibility, product range, investment and sales limits will be enhanced, and securities firms will be allowed to participate.

Cryptocurrency
WFE Issues Recommendations for Regulating Crypto Trading Platforms
By Editors | 28/09/2023
The six key principles will safeguard markets and enable the crypto sector to grow, said Nandini Sukumar, CEO of the World Federation of Exchanges.

Structural Regulation
Philippine SEC Eases Disclosure Rules for Public Offerings
By Mark Johnston | 28/09/2023
The “streamlined procedures” are part of the SEC’s efforts to encourage more companies to tap the capital markets.

Structural Regulation
Korea to Open Access to Interbank FX Market Next Month
By Manesh Samtani | 28/09/2023
Foreign financial institutions without a branch in Korea will be able to trade in the domestic FX market through local forex brokers.

Structural Regulation
BOT Draws Lessons on Virtual Banks from Korea
By Editors | 27/09/2023
FSC vice chairman Kim So-young said Korean firms should try to obtain licences under Thailand’s virtual banks framework, which will be finalised in H2 2023,
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