United States

Securities / Derivatives

Thailand Set to Launch ID Checking System for Foreign Bond Investors

By Mark Johnston | 08/12/2021

Beginning 4 January 2022, all non-resident investors trading debt securities must register with the BOT and settle trades through segregated securities accounts.

Securities / Derivatives

Industry Bodies Set Roadmap for Shorter US Equities Settlement Cycle

By Sanday Chongo Kabange | 07/12/2021

Shortening the settlement cycle to T+1 is expected to reduce risks and costs for the securities industry, but also present challenges for foreign market participation.

Crypto / Digital Assets

Mapping Out How Decentralised Exchanges Can be Regulated

By Kristi Swartz | 07/12/2021

An appropriate regulatory regime that safeguards investors and fosters innovation will allow society to benefit from DEXs and DeFi generally, says DLA Piper’s Kristi Swartz.

Enforcement

HK Court Acquits Former HKEX Official in Bribery Case

By Editors | 06/12/2021

The court ruled that the prosecution did not prove that IPO consultant Richard Lum had bribed the former joint-head of HKEX’s IPO vetting team, Eugene Yeoh.

Fintech / Regtech

Thai SEC to Require Crypto Wallet Providers to be Licensed

By Editors | 06/12/2021

Custody and wallet providers required to obtain information identifying the account owners of wallets. New guidelines coming on the use of crypto in payments.

Fintech / Regtech

Philippine SEC Seeks Funding Boost to Support Digital Transformation

By Mark Johnston | 06/12/2021

The SEC is seeking PHP 2.6 billion over a five year period to implement sweeping digital transformation initiatives, including to upgrade existing systems.

Market Infrastructure

USD Cross-currency Derivatives to Use SOFR from 13 December

By Editors | 06/12/2021

Under part two of the second phase of SOFR First, interdealer brokers are asked to use SOFR instead of LIBOR in the USD leg of all newly-executed cross-currency derivatives.

Securities / Derivatives

Thai SEC Seeks to Smooth Transition to Mandatory Pension

By Editors | 05/12/2021

The SEC proposes changes to reduce the chance of voluntary provident funds being dissolved or liquidated, which it says could impact THB 1.3 trillion in capital market investments.

Market Infrastructure

Thai SEC to Enhance Capital Market Resilience to Cyber Risk

By Editors | 04/12/2021

Under revised rules, market participants are required to and enhance cybersecurity control measures, vulnerability assessments, penetration testing and third-party access controls.