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LATEST NEWS
Fintech / Regtech
BNM Finalises New Rules for Electronic Money Issuers
By Editors | 03/01/2023
E-money issuers with more than 500,000 active users are subject to stricter governance, business continuity management and technology risk management requirements.
Enforcement
US FTC Orders Mastercard to Stop Blocking Competing Networks
By Editors | 03/01/2023
The FTC says Mastercard used its control over its “tokenisation” process to block the use of competing payment card networks.
Securities / Derivatives
Korea Passes Bill to Ease Audit Burden on Smaller Companies
By Editors | 03/01/2023
The revision bill will benefit almost 1,000 listed companies, exempting them from a requirement to subject their internal accounting management systems to external audits.
Securities / Derivatives
CSRC Proposes Enhanced Rules for Stock Options Trading
By Editors | 03/01/2023
The rules allow futures companies to conduct market-making activities for stock options and require stock exchanges to supervise programmatic trading activities.
SEBI to Enhance Investor Grievance Redressal Mechanism
By Editors | 03/01/2023
SEBI proposes to allow mediation and arbitration to be conducted entirely online and to only have a sole arbitrator rather than a panel deciding cases.
Enforcement
China: Two Former P2P Lending Executives Jailed for 20 Years
By Editors | 03/01/2023
Two executives of now-defunct Tuandai.com were convicted for fundraising fraud and illegal collection of public deposits, among other charges.
Crypto / Digital Assets
China Launching National Digital Assets Platform
By Editors | 03/01/2023
The platform will allow users to register, store and protect intellectual property rights and digital collectibles.
Fintech / Regtech
Shanghai Bourse Launches New Trading Supervision System
By Editors | 03/01/2023
The new system can process more than 500,000 transactions per second in real-time. New issuance underwriting and offline IPO systems also launched.
Market Infrastructure
China Extends Trading Hours of Onshore Yuan Market
By Editors | 03/01/2023
The move will provide greater convenience for global investors and enhance the attractiveness of yuan-denominated assets, the PBOC said.
Enforcement
Singapore Imposes 36-Year Jail Sentence for Market Manipulation
By Editors | 03/01/2023
John Soh Chee Wen and Quah Su-Ling were sentenced to 36 and 20 years in jail, respectively, for manipulating three penny stocks ten years ago.
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