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Reporting on regulatory frameworks and rules governing market design, authorisation, and oversight of key financial market participants and infrastructures.
Fraud, Scams & Cybercrime
Singapore Authorities Probe Crowdfunding Platform for Misconduct
By Editors | 02/02/2021
The probe is looking into possible offences under the Penal Code and the Securities and Futures Act by group companies belonging to CoAssets Ltd.
Structural Regulation
NAB Announces Plans to Acquire Australian Neobank 86 400
By Editors | 02/02/2021
NAB commenced discussions about a total acquisition of 86 400 in late 2020, having already owned an 18.3 percent stake in the neobank.
PEPs & Sanctions
Xiaomi Files Suit Against US Govt Over Investment Ban
By Editors | 01/02/2021
The lawsuit says banning US investors from being able to invest in Xiaomi will “cause immediate and irreparable harm” to the company and hurt its global reputation.
Trading & Investment
CSRC, Exchanges Issue Final Rules for Index Funds
By Editors | 01/02/2021
The rules seek to strengthen the professional competence of index fund managers, enhance the quality of underlying indexes used, and improve risk control.
Market Abuse
Regulators, Lawmakers Express Concerns Over GameStop Trading
By Manesh Samtani | 01/02/2021
Regulators from the US to the UK and Malaysia have issued statements expressing concerns over the heightened volatility seen in the US market over the past week.
Cryptocurrency
Ripple Files Response to US SEC Defending XRP as Virtual Currency
By Editors | 31/01/2021
The response notes that the DOJ, FinCEN and regulators in the UK, Singapore and Japan have all concluded that XRP is a virtual currency not subject to securities regulation.
Trading & Investment
TOCOM Revises Order Handling Rules to Account for System Failure
By Editors | 31/01/2021
The trading rule revisions clarify that orders entrusted by customers with trading participants remain valid even if bids and offers are cancelled by TOCOM.
Structural Regulation
Legislative Advisors Advocate Merger of Shanghai Financial Markets
By Editors | 29/01/2021
Under the proposal, a holding group would comprise the SSE, CFFEX, various securities depository and clearing companies, and a new options exchange.
Structural Regulation
HSBC Inaugurates IBU Branch at India’s GIFT City
By Editors | 29/01/2021
HSBC was the first global bank to obtain a licence from the IFSCA, set up in April 2020 as a unified authority for GIFT City financial services.
Conduct, Culture & Accountability
IOSCO Offers Guidance on Enhancing Complaint Handling Mechanisms
By Editors | 28/01/2021
IOSCO has published a new report to help jurisdictions identify and address gaps in their complaint handling and redress systems.
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