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Securities / Derivatives
Philippines SEC Eyes Tiered Minimum Public Float System for IPOs
By Nithya Subramanian | 25/07/2025
A tiered model would be more transparent than blanket exemptions, balancing market liquidity with a more flexible IPO framework.

Enforcement
US PCAOB Revokes Hong Kong Audit Firm's Registration
By Manesh Samtani | 24/07/2025
Centurion ZD CPA & Co. and its owner have been permanently barred after the PCAOB found major violations in the 2021 audit of Luckin Coffee.

Securities / Derivatives
Korea FSS Directs ETFs to Cut Crypto Stock Exposure
By Manesh Samtani | 24/07/2025
The FSS has told asset managers to limit holdings in firms like Coinbase and MicroStrategy, citing a 2017 policy.

Securities / Derivatives
KRX to Monitor Social Media and Online Forums
By Nithya Subramanian | 24/07/2025
New market surveillance rules taking effect this month will curb unfair trading based on undisclosed information.

Enforcement
Hong Kong SFC Secures Compensation for Clients of Fraudulent Brokerage
By Sanday Chongo Kabange | 24/07/2025
The SFC says court-appointed administrators have distributed assets to clients of Hong Kong Wan Kiu Investment.

Securities / Derivatives
Industry Majors Release Draft Framework for Public Blockchain Risk
By Manesh Samtani | 24/07/2025
A coalition including DTCC, Euroclear and major banks has launched a framework to help regulated firms manage non-financial risks on public blockchains.

Enforcement
UK Supreme Court Overturns Rate-rigging Convictions of Ex-Traders
By Nithya Subramanian | 24/07/2025
Tom Hayes and Carlo Palombo, once jailed for manipulating benchmark interest rates, have had their convictions overturned due to legal errors in their trials.

Securities / Derivatives
Indonesia’s OJK Issues Rules on Internal Controls for Securities Firms
By Nithya Subramanian | 24/07/2025
The rules outline stricter requirements for underwriters, brokers, and regional securities firms, focusing on due diligence and IT governance.

Securities / Derivatives
Bursa Carbon Exchange Set to Host First Renewable Energy Auction
By Nithya Subramanian | 24/07/2025
BCX and UEM Lestra target November 2025 for pilot auction enabling transparent bidding for corporate green electricity contracts.

Fintech / Regtech
Cyber Breaches at Top Indonesian Brokerages Prompt Industry Response
By Mark Johnston | 23/07/2025
Attackers exploited API vulnerabilities at two prominent securities firms in Indonesia. One of the firms reported losses totalling USD 12.3 million.
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