LATEST NEWS

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    Market Infrastructure

    Indian Firms Will Be Able to List on IFSC Exchanges Next Year

    By Nithya Subramanian | 11/12/2023

    Allowing local companies to raise foreign capital from GIFT city will be key milestone, said V Balasubramaniam.

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    Sanctions

    US, UK, Canada Announce Coordinated Human Rights Sanctions

    By Editors | 11/12/2023

    The US targeted individuals across nine countries; the UK sanctions included targets involved in forced ‘scam farm’ labour in Cambodia, Laos and Myanmar.

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    Securities / Derivatives

    Thai SEC to Update Rules for Bond Issuance by Foreign Firms

    By Editors | 10/12/2023

    Foreign businesses will only be permitted to issue baht-denominated debt in Thailand if they are rated at least investment grade by an international credit rating agency.

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    Enforcement

    OFAC Announces Settlement with Nasdaq for Sanctions Violations

    By Editors | 10/12/2023

    Nasdaq’s Armenian subsidiary committed 151 apparent violations of sanctions on Iran before the violations were self-reported in 2014.

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    ESG / Sustainability

    Philippine SEC Launches Framework for Blue Bond Issuance

    By Editors | 10/12/2023

    SEC chairperson Emilio Aquino described the launch of the blue bond framework as a “giant leap” toward fostering a sustainable blue economy.

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    Securities / Derivatives

    CSRC Proposes New Rules, Lower Fees for Public Funds Sales

    By Editors | 10/12/2023

    The rule changes seek to reduce the commission rates charged on public funds and improve the processes managers use to select distributors.

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    Fintech / Regtech

    Australia Proposes Licensing Framework for Payment Services

    By Manesh Samtani | 09/12/2023

    Payment service providers would need to be licensed by ASIC, and in some cases, APRA. The ePayments Code will also be updated and made mandatory.

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    Securities / Derivatives

    MAS Updates CMSL Guidance on CEO and Director Appointments

    By Manesh Samtani | 09/12/2023

    Capital markets firms must ensure proposed CEOs and directors are fit and proper and have 10 years of experience that is “relevant” to the role.

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    ESG / Sustainability

    Thailand Launches 22 ESG Funds to Support Sustainability Goals

    By Mark Johnston | 08/12/2023

    Investors can gain tax benefits by investing in the funds, which invest in Thai bonds or stocks that adhere to ESG criteria.

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    Big Picture

    Adapting to Regulatory Changes is a Challenge for Insurers

    By Nithya Subramanian | 08/12/2023

    Insurers must track regulatory changes and make operational adjustments to meet new requirements, said the Clearwater Analytics survey.

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