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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    Supervision & Enforcement

    FSS Korea Directs Chinese Banks to Address Regulatory Violations

    By Sanday Chongo Kabange | 24/07/2023

    The FSS has directed three Chinese banks with branches in Seoul to take corrective measures to rectify disclosure and reporting violations.

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    Structural Regulation

    HKEX Amends Listing Rules to Match CSRC’s Overseas Listing Requirements

    By Editors | 24/07/2023

    Mainland issuers seeking a listing in Hong Kong will have to submit to HKEX a CSRC notification that confirms their completion of the Mainland filing procedures.

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    Structural Regulation

    Former CBIRC Branches Rebrand Under New NFRA Umbrella

    By Editors | 23/07/2023

    A more detailed reform plan outlining the NFRA’s institutional structure, personnel and responsibilities is expected by end August.

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    Payments & Settlements

    Alipay, WeChat Pay Start Accepting Foreign Credit Cards

    By Editors | 21/07/2023

    The move allowed travellers to pay for goods and services across China, where mobile payments are needed for most basic necessities.

    Payments & Settlements

    US Launches Instant Payments Service, FedNow

    By Editors | 21/07/2023

    35 early-adopting banks and credit unions are ready with instant payments capabilities via FedNow, and 16 additional service providers are supporting payment processing.

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    Structural Regulation

    SEBI, NSE, BSE Revamp Framework for ESM Stocks

    By Mark Johnston | 21/07/2023

    The existing ESM framework had restricted the trading of ESM stocks to once a week. Under the new framework, trading can take place on all trading days.

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    Alternative Markets

    FSC Korea Grants First Preliminary Approval to ATS Platform

    By Sanday Chongo Kabange | 21/07/2023

    Nextrade, owned by 34 companies, will have 18 months to establish its systems and apply for final authorisation to operate its ATS platform.

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    Structural Regulation

    OECD Proposes Common Approach for Real Estate Information Exchange

    By Ranamita Chakraborty | 20/07/2023

    OECD recently submitted an updated report analysing the current state of tax transparency regarding foreign-owned real estate and made several recommendations.

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    Structural Regulation

    Korea to Loosen Rules for FIs on Foreign Subsidiary Ownership

    By Sanday Chongo Kabange | 20/07/2023

    The proposed reforms will enable Korean financial firms to more easily invest in and provide financial support to overseas subsidiaries.

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    Cryptocurrency

    ASIC Cancels FTX Australia’s AFS Licence

    By Sanday Chongo Kabange | 20/07/2023

    FTX Australia may provide “limited financial services” related to termination of existing derivatives with clients until the end of 12 July 2024.

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