Enforcement

Former FTX Executive Sentenced to 7.5 Years in Prison

29/05/2024

Former FTX executive Ryan Salame was also ordered to pay more than $6mn in forfeiture and more than $5mn in restitution.

Securities / Derivatives

CSRC Tightens Rules on Share Disposals by Key Executives

29/05/2024

The rules prohibit major shareholders and senior managers of listed companies from offloading shares under certain situations.

Market Infrastructure

KRX Chief Outlines Four-Pillar Strategy to Boost Stock Market

29/05/2024

KRX will support the Value-Up Programme, introduce new products, delist zombie companies, and grow its data and index business.

ESG / Sustainability

IFRS Foundation Releases Adoption Guide for ISSB Standards

29/05/2024

The Jurisdictional Guide describes how different countries are approaching the adoption and other uses of the ISSB Standards.

Crypto / Digital Assets

SFC Warns of Impending Deadline Under VATP Regime

29/05/2024

The SFC will conduct on-site inspections in the coming months to ascertain compliance by the ‘deemed-to-be-licensed’ VATP applicants.

Securities / Derivatives

US Adopts T+1 Settlement Cycle for Securities Transactions

28/05/2024

Canada, Mexico, Argentina and Jamaica implemented a T+1 settlement cycle on Monday and the US on Tuesday.

Fintech / Regtech

MAS Released New Project MindForge Whitepaper

28/05/2024

Building on the FEAT Principles and Veritas Methodology, the paper introduces a “platform-agnostic” reference architecture for responsible GenAI adoption.

Enforcement

China: Ex-Official Gets Life Sentence for Bribery, Insider Trading

28/05/2024

Cao Guangjing was convicted on bribery charges and for leaking information about the bailout plan of a Hubei listed company.

Sanctions

EU Adopts New Human Rights Sanctions Regime for Russia

28/05/2024

The European Council has concurrently listed one entity and 19 natural persons under the new regime.