United States

    Enforcement

    US Regulators Unveil Plan to Deal With Chinese Listings

    By Editors | 08/08/2020

    A presidential working group which includes the chairmen of the SEC, CFTC and Fed has recommended changes to US listing rules to require access to companies’ audit papers.

    AML / KYC

    US Sanctions 11 Chinese, Hong Kong Officials

    By Manesh Samtani | 08/08/2020

    The HKMA says unilateral sanctions imposed by foreign governments have “no legal status” in Hong Kong and banks should endeavour to treat customers fairly.

    Securities / Derivatives

    Sri Lanka SEC Approves New Rules for REITs

    By Duruthu E Chandrasekera | 05/08/2020

    Real estate developers and owners can convert fully completed properties into REITs for listing on the CSE.

    Securities / Derivatives

    SGX to Launch Asia’s First International REIT Futures

    By Editors | 05/08/2020

    Two new REIT futures contracts will launch on 24 August, both designed in accordance with CFTC guidelines to allow for distribution to US and global institutional investors.

    Enforcement

    Chinese Regulators Complete Luckin Probe, Confirm Fraud

    By Editors | 04/08/2020

    The Ministry of Finance and State Administration for Market Regulation both intend to impose administrative penalties against Luckin Coffee for fraud.

    AML / KYC

    OFAC Sanctions Chinese Entity Over Human Rights Abuses

    By Editors | 04/08/2020

    The XPCC is considered by OFAC to be a paramilitary organisation with large commercial operations that that are likely to be impacted by US sanctions.

    Securities / Derivatives

    SGX Posts Strong Growth, Signals New Acquisitions, Derivatives

    By Manesh Samtani | 02/08/2020

    SGX is looking to develop into a hub for trading bonds, foreign exchange, commodities and derivatives, as it pivots away from being a pure equity exchange.

    AML / KYC

    China Should Reduce SWIFT Use in Case of US Sanctions – Report

    By Editors | 30/07/2020

    China should prepare for potential US sanctions by increasing the use of CIPS for cross-border transactions, and by developing legislation similar to the EU’s blocking statute.

    Crypto / Digital Assets

    Philippines Launches DLT-based Distribution of Retail Treasury Bonds

    By Sanday Chongo Kabange | 29/07/2020

    The launch of ‘Bonds.PH’ paves the way for the unbanked to affordably and easily invest in retail treasury bonds, said National Treasurer Rosalia V. De Leon.

    Securities / Derivatives

    Why Do Electronic Traders Cancel Orders?

    By Jamil Nazarali | 28/07/2020

    Jamil Nazarali at Citadel Securities explains what ever-increasing speeds for issuing and canceling orders tell us about today’s market structure.

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