Australia

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    Securities / Derivatives

    ASIC Files Lawsuit Against COFCO for Wheat Futures Manipulation

    By Nithya Subramanian | 26/07/2024

    ASIC alleged that COFCO manipulated contracts by placing orders shortly before the market close, creating an artificial daily settlement price.

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    Crypto / Digital Assets

    HSBC Australia Blocks Payments to Crypto Exchanges

    By Editors | 26/07/2024

    The decision was made in light of data showing that Australians lost up to A$171mn in investment scams in 2023.

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    Australia Consults on CGT Regime for Foreign Residents

    By Ranamita Chakraborty | 25/07/2024

    The foreign resident capital gains tax regime and capital gains withholding regime are both being amended.

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    Sanctions

    Australia Imposes First Sanctions Against Israelis in West Bank

    By Editors | 25/07/2024

    Seven Israelis and a youth group were sanctioned for their involvement in violent attacks against Palestinian communities.

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    Market Infrastructure

    ASIC Establishes Special Unit to Examine Valuations in Private Markets

    By Ranamita Chakraborty | 25/07/2024

    The dedicated unit will address transparency concerns in private markets, aiming to ensure fair practices and investor protection.

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    Market Infrastructure

    Australia Consults on Draft Legislation to Reform Merger Rules

    By Sanday Chongo Kabange | 25/07/2024

    Treasurer Jim Chalmers said the reforms will make Australia’s merger approval system faster, stronger, simpler, more targeted and more transparent.

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    Capital / Liquidity

    APRA Revises Liquidity Requirements for Smaller Banks

    By Manesh Samtani | 24/07/2024

    Mutual banks and credit unions will have to value liquid assets on a mark-to-market basis, taking into account unrealised losses.

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    Enforcement

    ASIC Charges Four in Telegram ‘Pump and Dump’ Case

    By Sanday Chongo Kabange | 24/07/2024

    Four individuals coordinated to select penny stock targets and announced those targets in a public Telegram group named the ‘ASX Pump and Dump Group’.

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    Fintech / Regtech

    APRA Issues Final Version of Digital Prudential Handbook

    By Sanday Chongo Kabange | 24/07/2024

    The handbook brings together all of APRA’s prudential standards, prudential practice guides and relevant supporting information in one place.

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    Capital / Liquidity

    APRA Requires OnePath Custodians to Pay A$10.7m

    By Sanday Chongo Kabange | 23/07/2024

    Deputy Chair Margaret Cole said APRA’s patience for entities who are still struggling with foundational issues has “run out”.

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