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Securities / Derivatives
FMSB, ASIC Agree to Jointly Promote Financial Market Integrity
By Editors | 29/09/2022
The FMSB will consult with ASIC on its annual strategy refresh and provide details about forthcoming drafts of proposed standards, statements of good practice and other publications.
Enforcement
SFC Suspends Hedge Fund Manager for Two Years
By Editors | 29/09/2022
The hedge fund manager used non-public information from a market sounding call to trade short swaps on a KRX-listed stock.
Securities / Derivatives
Korea Takes Emergency Measures to Stabilise Markets, Currency
By Editors | 29/09/2022
MOEF and BOK are buying government bonds to lower yields, and the FSC is preparing to reactivate a stock market stabilisation fund created during the Covid-19 pandemic.
AML / KYC
Japan to Adopt Travel Rule in Crypto in May 2023 – Report
By Editors | 29/09/2022
The FSA plans to submit amendments to the Act on Prevention of Transfer of Criminal Proceeds to a parliamentary session next week.
ESG / Sustainability
SGX Lists First Low Carbon Index ETF Dedicated to APAC
By Editors | 29/09/2022
The ETF reflects the performance of nearly 200 large and mid-cap companies with low carbon characteristics in 11 markets in Asia Pacific.
Enforcement
SEC, CFTC Fine 16 Firms Over Use of Personal Devices, Chat Messaging
By Editors | 29/09/2022
The 16 firms agreed to pay a combined $1.82bn for failing to preserve staff communications on personal mobile devices, messaging apps and emails.
Crypto / Digital Assets
BIS Announces Successful Completion of mBridge CBDC Pilot
By Editors | 29/09/2022
The month-long testing phase facilitated more than 160 transfers and FX exchanges worth USD 22 million on the mBridge Ledger.
Crypto / Digital Assets
FTX Wins Auction to Buy Assets of Bankrupt Voyager Digital
By Editors | 29/09/2022
FTX won a “highly competitive auction process” that lasted two weeks with the “highest and best bid for its assets”, valued at just over USD 1.4 billion.
Capital / Liquidity
PBOC Raises Costs for Firms to Bet Against the Yuan
By Editors | 29/09/2022
The PBOC is actively discouraging currency speculation and asking banks to reintroduce a yuan fixing tool that was abandoned two years ago.
AML / KYC
CFTC Penalises Crypto Firm, Pursues First Case Against DAO
By Editors | 29/09/2022
Crypto firm bZeroX transferred its software protocol to a DAO and then marketed this as a way to be “enforcement-proof”.
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