Nasdaq

Clearing & Post-Trade

DTCC Kicks Off T+1 Settlement Testing Programme

By Editors | 15/08/2023

The testing programme was designed to support full end-to-end testing of the various processes impacted by the T+1 functional changes.

Structural Regulation

Chinese Firm Set to Stage First US IPO Under New CSRC Rules

By Editors | 31/07/2023

Chinese-based Majestic Ideal Holdings is inching towards becoming the first company to IPO in the US under newly-implemented rules for overseas listings.

Anti-Money Laundering

ESMA Withdraws Recognition Decisions for UAE CCPs

By Editors | 26/07/2023

The recognition decisions were withdrawn due to the UAE’s including in the EU’s AML blacklist.

Market Abuse

ASIC Fines Openmarkets Record $4.5m for Compliance Failures

By Sanday Chongo Kabange | 06/07/2023

ASIC says Openmarkets did not carry out effective trade surveillance, and banned its former acting head of trading for three years.

Clearing & Post-Trade

ASX CHESS Replacement Project Under Continued Scrutiny

By Sanday Chongo Kabange | 28/06/2023

ASIC chair Joe Longo said ASX had an “engagement problem” and that officials were working to boost oversight of the CHESS replacement project.

Structural Regulation

HKEX Expands Global Footprint with New York Office

By Editors | 22/06/2023

HKEX chief Nicolas Aguzin said the new office will better connect “two of the most important financial centres in the world”.

Sustainable Finance

Climate Impact X Launches Spot Trading Platform for Carbon Credits

By Ranamita Chakraborty | 08/06/2023

**CIX told Regulation Asia that it is seeking alignment with IOSCO’s principles for commodity price benchmarks – a detailed set of guidelines relating to governance and control systems.
**

Trading & Investment

Thai Bourse Launches New Trading System Using Nasdaq Tech

By Editors | 01/06/2023

The new trading system was launched by SET and TFEX along with new data distribution and market surveillance systems, using Nasdaq technology.

Trading & Investment

SGX Lists First Thai Stocks as Depository Receipts

By Manesh Samtani | 31/05/2023

The first three SDRs were issued by Phillip Securities, representing beneficial ownership interest in the underlying securities of three SET50 companies.