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Enforcement
ASIC Places Interim Stop Orders on Two Property Funds
By Editors | 15/09/2022
The orders prevent the funds from being offered or distributed to consumers until deficiencies in their TMD statements are addressed to ASIC’s satisfaction.
Securities / Derivatives
US SEC Proposes Measures to Boost Treasury Market Resiliency
By Editors | 15/09/2022
Clearinghouse members will be required to push their clients’ secondary market trades and margins collected through the clearinghouse.
Securities / Derivatives
Korea to Require Advance Disclosure of Insider Stock Trades
By Sanday Chongo Kabange | 15/09/2022
Board members and principal shareholders will be required to disclose information about planned stock trades least 30 days before the expected trading date.
Crypto / Digital Assets
US Heavyweights Announce Plans to Launch Crypto Exchange
By Editors | 15/09/2022
EDX Markets is backed by Citadel Securities, Fidelity Investments, Charles Schwab, Virtu Financial, Sequoia Capital and Paradigm.
Securities / Derivatives
HKEX Considers Relaxing Listing Requirements for Tech Firms
By Editors | 14/09/2022
Under the proposals, the revenue requirement for commercialised tech firms would be lowered from HK$500 million to between HK$200-300 million.
Crypto / Digital Assets
Asset Tokenisation Increasingly Relevant in ‘Crypto Winter’ – Report
By Manesh Samtani | 14/09/2022
A new report from BCG and ADDX projects a 50-fold increase in tokenised assets by 2030, bringing the market’s value to over $16 trillion.
AML / KYC
MAS Identifies AML/CFT Control Lapses at VCCs
By Manesh Samtani | 14/09/2022
MAS found issues with EFI appointment, oversight and escalation. Customer risk assessments and ongoing monitoring need improvement.
Market Infrastructure
Japan FSA Proposes New Derivatives Reporting Guidance
By Editors | 14/09/2022
The draft guidelines explain the data fields that need to be included in reporting, along with technical specifications and best practices for reporting.
Securities / Derivatives
“No Consensus” on ESG Reporting Standards at Exchanges
By ESG Investor | 14/09/2022
The WFE said exchanges report increased demand from investors for ESG disclosures, but limited progress in providing common guidance on reporting standards.
Securities / Derivatives
Singapore Introduces Bill to Enhance Business Trust Governance
By Editors | 13/09/2022
CEOs will have to disclose interests in transactions. Unlisted business trusts will have to obtain and maintain information on beneficial ownership of their units.
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