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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.
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.
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.
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.
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.
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.
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.
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.
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.
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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