Structural Regulation

Clearing & Post-Trade

MAS to Exempt Some Market Operators from ACH/RCH Rules

By Editors | 10/09/2023

The exemption applies to platforms that provide services to facilitate trading and settlement, but don’t actually act as a central counterparty of clear or settle trades centrally.

Cryptocurrency

UK FCA Issues Guidance on New Crypto Advertising Rules

By Manesh Samtani | 10/09/2023

The FCA is “concerned” about crypto firms that have not engaged with it on the new advertising rules, which come into force next month.

Clearing & Post-Trade

Trade Bodies Call on Policymakers to Scrap EU Clearing Proposal

By Editors | 10/09/2023

A proposed requirement for market participants to hold active accounts at EU CCPs will be detrimental to EU capital markets, the trade bodies say.

Structural Regulation

CSRC Proposes Rule Revisions for Corporate Bond Issuance

By Editors | 08/09/2023

Land and environmental impact assessments must be provided if the funds raised from bonds are invested in fixed asset investment projects.

Conduct, Culture & Accountability

ASIC Sues AustralianSuper For Failing to Consolidate Member Accounts

By Sanday Chongo Kabange | 08/09/2023

ASIC alleges that for almost 10 years, AustralianSuper charged fees on unintended multiple accounts, affecting approximately 90,000 members.

Structural Regulation

BSP Engages Saudi Arabia in Push to Develop Islamic Banking Sector

By Sanday Chongo Kabange | 08/09/2023

The BSP has asked Saudi Arabian banks to help promote and develop Islamic banking and finance in the Philippines.

Trading & Investment

HKEX Expands Global Footprint with New London Office

By Editors | 08/09/2023

The new London office together with a New York office opened in June give HKEX a presence in the world’s three major time zones.

Trading & Investment

Malaysia SC Sets Rules for Offering Fractional Share Trading Services

By Editors | 07/09/2023

The guidelines seek to ensure stockbrokers have the necessary systems and controls to safeguard investors when offering them fractional share trading services.

Conduct, Culture & Accountability

ASIC Files Suit Against PayPal for Unfair Contract Term

By Editors | 07/09/2023

The term in question gives PayPal business account holders 60 days to notify the company of any errors or discrepancies in fees, or else accept those fees as accurate.