Market Infrastructure

Market Infrastructure

Singapore Consults on Implementation of Global Minimum Tax

By Nithya Subramanian | 12/06/2024

The proposed bill aims to ensure that large MNEs are taxed at 15 percent, in line with international tax reforms drawn up by the OECD.

Securities / Derivatives

China: Stock Exchanges Issue New Programme Trading Rules

By Mark Johnston | 12/06/2024

HFT will be subject to differentiated fees based on indicators such as the number and frequency of orders submitted and withdrawn.

Market Infrastructure

Korea Set to Implement New Responsibility Mapping System

By Manesh Samtani | 11/06/2024

Financial holding companies and banks with assets over KRW 5 trillion must submit responsibility maps by 2 July 2026.

Fintech / Regtech

Korea: Short Selling Monitoring System To Be Ready in March 2025

By Sanday Chongo Kabange | 11/06/2024

South Korea’s ban on short selling can only be lifted after the new Naked Short Selling Detection System is in place.

Securities / Derivatives

SEBI Issues Penalties Framework for MII Surveillance Lapses

By Ajoy K Das | 10/06/2024

SEBI will impose penalties for surveillance-related lapses based on annual turnover and the number of lapses during a financial year.

Securities / Derivatives

SEBI Mandates Direct Payout of Securities to Investor Accounts

By Ajoy K Das | 08/06/2024

SEBI said implementation standards will be formulated by 5 August, ahead of full implementation on 14 October.

Big Picture

Significant Progress Made on Cross Border Payments: CPMI

By Manesh Samtani | 07/06/2024

More work is needed to integrate cross-border projects with domestic systems, and to extend the operating hours of key payment systems.

Market Infrastructure

HKMA Exploring Further Enhancements to Wealth Connect

By Editors | 06/06/2024

The individual investor quota was tripled this year, but it is still “not quite enough for private bank clients”, said HKMA’s Eddie Yue.

Securities / Derivatives

FIA, DMIST Publishes New Standards on Average Pricing

By Editors | 06/06/2024

DMIST calls for CCPs globally to adopt the new average pricing standards, to drive consistency and improve allocation processes.