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Coverage of regulatory developments, market trends, and operational standards across asset classes, financial products, and trading venues.

Structural Regulation
SFC Issues Guidance on Offering Hong Kong Funds in UAE
By Mark Johnston | 11/04/2024
The SFC published an information sheet providing guidance on how Hong Kong funds can be offered to investors in the DIFC and the UAE more broadly.

Structural Regulation
US Treasury Proposes Rules for New Stock Buyback Excise Tax
By Editors | 10/04/2024
Corporations that undertake stock buybacks will have to pay a 1% excise tax on the fair market value of net repurchased shares during a tax year.

Structural Regulation
UBS Considers Stake Swap to Exit Credit Suisse China Venture
By Editors | 10/04/2024
UBS took control of the Credit Suisse venture last year and then put it up for sale due to restrictions on it holding majority stakes in two domestic brokerages simultaneously.

Trading & Investment
NAFMII Publishes Standard Agreement for Swap Connect
By Editors | 10/04/2024
The agreement is intended for use by domestic and foreign counterparties trading interest rate derivatives under Swap Connect.

Trading & Investment
Japan Launches New Organisation to Boost Financial Literacy
By Editors | 09/04/2024
The new organisation will aim to enrich financial and economic education and contribute to improving financial literacy in Japan.

Trading & Investment
Taiwan Revises Incentive Programme for Foreign Fund Managers
By Editors | 08/04/2024
The revisions will encourage foreign fund managers to develop more diversified fund products and provide a boost to talent development and training initiatives.

Trading & Investment
India Widens Options for Foreign Investors in GIFT City
By Ajoy K Das | 08/04/2024
Foreign brokers can remotely trade at GIFT City stock exchanges directly. FPIs can invest in Indian sovereign green bonds via GIFT City.

Cryptocurrency
Australian Firm Seeks to List Spot Bitcoin ETF on Cboe
By Editors | 06/04/2024
The “Monochrome Bitcoin ETF”, if approved, will become Australia’s first spot bitcoin ETF with direct bitcoin holdings.

Trading & Investment
RBI Defers Implementation of Currency Derivatives Norms
By Ajoy K Das | 06/04/2024
The move is a response to confusion about requirements that only allow trading in exchange-traded rupee derivatives for hedging purposes.

Structural Regulation
IOSCO Proposes Guidance on Supervision of Exchanges
By Editors | 05/04/2024
The consultation report provides guidance on supervising exchanges that provide multiple services or are part of a larger group.
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