PEPs & Sanctions

OFAC Sanctions China-based Network for Fentanyl Production, Trafficking

04/10/2023

The DOJ unsealed indictments charging Chinese companies and their employees for illicit drug production, distribution, and sales of precursor chemicals.

Reporting & Disclosures

Philippine SEC Consults on Revised Sustainability Reporting Guidelines

04/10/2023

Listed companies will be required to submit sustainability reports in two formats. Consultation is open until 16 October.

Clearing & Post-Trade

HKEX Sets Launch Date for New Stock Connect Settlement Platform

04/10/2023

The settlement acceleration platform, known as HKEX Synapse, will launch on 9 October 2023 and improve post-trade efficiencies.

Cryptocurrency

US Judge Denies SEC Permission to Appeal Ripple Ruling

04/10/2023

The July ruling found that programmatic sales of Ripple’s XRP digital token on public exchanges was not a breach of federal securities laws.

Tokenisation

UPDATE – UBS, SBI Launch Tokenised VCC Fund Pilot in Singapore

04/10/2023

The live pilot of a tokenised money market fund was launched under a wider VCC umbrella as part of Project Guardian.

Tokenisation

Korea: Three Securities Firms Form Digital Securities Consortium – Report

04/10/2023

The three securities firms hope to share costs and gain economies of scale to attract more issuers for STOs.

Cryptocurrency

MAS Grants Major Payments Institution Licence to Ripple

04/10/2023

Ripple received its in-principle approval from MAS just four months ago in June 2023. Singapore is the company’s Asia Pacific headquarters.

Market Risk

HKMA Consults on Capital Requirements for FRTB, CVA Risk

04/10/2023

New SPM modules set out the minimum standards banks will have to adopt for the calculation of their FRTB and CVA risk capital charges.

Trading & Investment

Bursa Malaysia Extends Derivatives Partnership With CME Group

03/10/2023

Under the extension, Bursa Malaysia Derivatives contracts will continue to be hosted on CME Globex until September 2028.