Structural Regulation

Tokenisation

Hangzhou Court Delivers China’s First NFT-related Judgment

By Darien Choong | 01/05/2022

The court penalised an NFT marketplace for failing to subject an artwork to review and meet its obligations to protect against intellectual property theft.

Structural Regulation

BNM Awards Digital Bank Licences to Five Applicants

By Editors | 29/04/2022

The licence winners include Axiata’s Boost Holdings, RHB Bank, Grab-Singtel’s GXS Bank, Kuok Brothers, Sea Limited, YTL Digital Capital, AEON, MoneyLion, and KAF Investment Bank.

Conduct, Culture & Accountability

BNM Finalises Conduct Requirements for Financial Advisers

By Ranamita Chakraborty | 29/04/2022

Advisers will have to provide customers with suitable product options from at least three different providers for each class of insurance or takaful business being recommended.

Structural Regulation

ASX to Align Rulebooks for Investment Products

By Editors | 29/04/2022

Having three different rulebooks for investment products opens the door to inconsistent treatment, rule arbitrage, and confusion for issuers and investors.

Trading & Investment

CSRC, SSE Warn Underwriters Against Overpricing IPOs: Report

By Editors | 28/04/2022

The CSRC said underwriters need to improve their IPO pricing skills. The SSE is considering using IPO performance to assess underwriting quality.

Market Data & Technology

IOSCO Offers Guidance on Regulating Market Data

By Editors | 28/04/2022

A new report provides considerations for regulators when reviewing the regulation of market data provided by trading venues or OTC markets.

Structural Regulation

FSC Korea Approves Rule Changes to Promote KONEX Market

By Editors | 28/04/2022

The changes will allow retail investors to trade the KONEX market more freely and allow listed firms to more easily maintain their listing status.

Trading & Investment

BlackRock Launches First Private Pension Product in China

By Darien Choong | 27/04/2022

The product was launched by a BlackRock-CCB joint venture, the first foreign-controlled institution that was approved to take part in private pension pilot trials.

Payments & Settlements

Myanmar Exempts Foreign Firms from FX Conversion Rule

By Editors | 27/04/2022

An order requiring all foreign currency held in bank accounts to be converted into local currency will not apply to businesses in special economic zones and most other foreigners.