News Centre

Hong Kong Securities And Futures Commission Welcomes Process Review Panel Report 2022-23

Date 19/12/2023

The Securities and Futures Commission (SFC) welcomes the 2022-23 annual report published today by the Process Review Panel (PRP) for the SFC.

ASIC Revises Date For The First Financial Adviser Exam Of 2024

Date 19/12/2023

KEY POINTS:

• The Government has released for consultation draft legislation to improve the delivery and accessibility of the financial adviser exam.
• Following the consultation, ASIC will implement changes to the exam.
• The first exam of 2024 will be held on 26 March 2024.

ASX To Explore The Development Of Australia’s First Carbon Exchange

Date 19/12/2023

ASX will be working with the Clean Energy Regulator (CER) to undertake exploratory work with the industry and regulators on the development of an Australian Carbon Exchange. It is intended to operate in a similar way to a securities exchange where Australian carbon credit units (ACCUs) can be traded, cleared and settled. 

Shenzhen Stock Exchange Revises And Optimizes The Supporting Rules For Share Repurchase To Better Play The Positive Role Of Repurchase

Date 19/12/2023

On December 15, 2023, China Securities Regulatory Commission (“CSRC”) issued the revised Rules for Share Repurchases by Listed Companies, and Shenzhen Stock Exchange (“SZSE”) issued the Guidelines for Self-regulation of Listed Companies No. 9 – Share Repurchase (Revised in 2023) (hereinafter referred to as the “Guidelines No. 9”). This revision aims to optimize and improve the repurchase system, better play the positive role of repurchase and promote the stable operation and high-quality development of the capital market.

Hong Kong Securities And Futures Commission’s Enhanced Position Limit Regime To Take Effect

Date 19/12/2023

The Securities and Futures Commission (SFC) announced today that the amendments to the Securities and Futures (Contracts Limits and Reportable Positions) Rules (the “Rules”) will come into effect on 22 December 2023.

ASIC Highlights Focus Areas For 31 December 2023 Reporting

Date 19/12/2023

ASIC urges directors, preparers of financial reports and auditors to assess the impact of uncertain market and economic conditions when reporting for full and half-years ending 31 December 2023.

Industry Pioneers Unite To Create The Social Economic & Environmental (SEE) Fund: The World's First Circular, Tokenised And Sustainable Impact Fund Accelerating Financing & Delivery Of United Nations Sustainable Development Goals

Date 19/12/2023

World Wide Generation, Fusang Exchange, the Association of Family Offices in Asia (AFO), BGI Capital, Upperhouse Capital, and Dunhill Ventures have inked a Memorandum of Understanding (MoU) to establish the world's first circular alternative tokenised sustainable impact fund, called the Social Economic and Environmental Fund (SEE Fund). This MoU was signed at COP28 in the UAE recently.

Dissenting Statement Of CFTC Commissioner Christy Goldsmith Romero On Bitnomial’s Clearinghouse Application For A Bespoke, Vertically Integrated Cryptocurrency Market Structure

Date 19/12/2023

The action we considered this week is precedential as it was the first Commission vote to approve a vertically integrated market structure, an action on which I dissented.  Bitnomial, a self-described small start-up, applied to be a clearinghouse with a bespoke market structure—with the same parent company owning a CFTC-registered broker (futures commission merchant (FCM)) and exchange (DCM), as well as a trading firm that acts as a market maker and settlement facility that are not registered with the CFTC.

Statement Of CFTC Commissioner Kristin N. Johnson: A Call For The CFTC To Begin A Formal Rulemaking To Address Vertical Integration

Date 19/12/2023

Bitnomial Clearinghouse, LLC (Bitnomial Clearinghouse) seeks to register as a derivatives clearing organization (DCO) pursuant to Section 5b of the Commodity Exchange Act (CEA) and Part 39 of the Commodity Futures Trading Commission’s (Commission or CFTC) regulations (Part 39). Long before the Commission began deliberation on this application, I advocated for the Commission to initiate a rulemaking process directly addressing the concerns arising due to vertically integrated market structures.

CFTC Divisions Issue Staff Advisory On Affiliations Among CFTC-Regulated Entities

Date 19/12/2023

The Commodity Futures Trading Commission’s Divisions of Clearing and Risk, Market Oversight, and Market Participants today issued a staff advisory on affiliations between a designated contract market (DCM), derivatives clearing organization (DCO), or swap execution facility (SEF) and an intermediary, such as a futures commission merchant, or other market participant, such as a trading entity.