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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
Australia Finalises Review of ASIC Funding Model
By Sanday Chongo Kabange | 28/06/2023
The review recommends that ASIC enhance its reporting, transparency and consultation arrangements on the industry funding model.

Tokenisation
MAS Sets Out Framework for Digital Asset Networks
By Karen Ng | 27/06/2023
MAS will also expand Project Guardian to test the potential of asset tokenisation across more financial asset classes.

Structural Regulation
HKMA Proposes to Restructure Three-Tier Banking System
By Manesh Samtani | 27/06/2023
Hong Kong’s 12 remaining deposit-taking companies would need to upgrade into licensed banks or restricted licence banks and meet higher capital requirements.

Structural Regulation
IOSCO Seeks Feedback on Goodwill to Improve Accounting Standards
By Ranamita Chakraborty | 26/06/2023
Feedback received will play a crucial role in shaping IOSCO’s recommendations for regulators, auditors, issuers, and those responsible for governance.

Structural Regulation
Philippine Central Bank Set to Get New Governor
By Sanday Chongo Kabange | 25/06/2023
Eli Remolona, who previously spent more than 30 years between the NY Fed and BIS, will serve a six-year term as BSP governor starting 3 July.

Reporting & Disclosures
BNM Issues New Roadmap for Advancing Financial Inclusion
By Sanday Chongo Kabange | 25/06/2023
BNM outlines the key barriers to financial inclusion, and four strategic enablers that will support further progress.

Structural Regulation
SET to Revamp Listing Rules and Enhance Supervision of Issuers
By Mark Johnston | 25/06/2023
The SET and MAI requirements will be more closely aligned, and the rules on delistings and backdoor listings will be tightened.

Trading & Investment
ASIC Penalises Morrison Securities for Mishandled Client Orders
By Sanday Chongo Kabange | 24/06/2023
Inadequate controls led to orders being erroneously directed to Chi-X rather than ASX, resulting in market integrity rule breaches.

Structural Regulation
FSC Korea Approves Financial Hub Development Plan
By Sanday Chongo Kabange | 23/06/2023
The financial hub development plan outline measures the FSC will undertake to promote financial hubs in South Korea.

Payments & Settlements
RBA Consults on Options for Enhancing Debit Card Market
By Sanday Chongo Kabange | 23/06/2023
The RBA seeks to prevent any one debit network from being given routing priority at issuance for domestic transactions.
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