News Centre

UK Financial Conduct Authority Fines Kristo Käärmann £350,000 For Failing To Notify The FCA Of Significant Tax Issues

Date 28/10/2024

The FCA has fined Mr Käärmann, the CEO of Wise plc and senior manager of Wise Assets UK Ltd, £350,000 for breaching a senior manager conduct rule.

Thailand Futures Exchange To List EUR/THB Futures And JPY/THB Futures On November 4

Date 28/10/2024

Thailand Futures Exchange PCL (TFEX) announced the launch of two new currency futures on EUR/THB and JPY/THB on November 4, 2024.

Closure Of Bursa Malaysia In Conjunction With Deepavali 2024

Date 28/10/2024

Bursa Malaysia Berhad (“Bursa Malaysia” or the “Exchange”) and its subsidiaries will be closed on 31 October 2024 (Thursday), in conjunction with the Deepavali public holiday.

BIS And Central Bank Partners Demonstrate That Policy Compliance Can Be Embedded In Cross-border Transactions With Project Mandala

Date 28/10/2024

• Project Mandala addresses the significant challenges in maintaining compliance with disparate regulatory and policy frameworks across jurisdictions.
• Project Mandala successfully demonstrates the automation of compliance procedures for cross-border financial transactions. 
• Project Mandala is a collaboration between the BIS Innovation Hub, the Reserve Bank of Australia, the Bank of Korea, Bank Negara Malaysia and the Monetary Authority of Singapore.

Welcoming Remarks, Dato’ Mohammad Faiz Azmi, Chairman, Securities Commission Malaysia, 41st ASEAN+3 Bond Market Forum. ‘Sustainable Finance And Role Of Ethics’, 28 October 2024

Date 28/10/2024

In his welcoming remarks, SC Chairman, Dato’ Mohammad Faiz Azmi expressed appreciation in hosting the 41st ASEAN+3 Bond Market Forum (ABMF) in Kuala Lumpur, noting it is the first time Malaysia is hosting the ABMF since 2010, also aligning with Malaysia’s upcoming 2025 ASEAN Chairmanship.

Hong Kong Securities and Futures Commission Encouraging Progress Made In Asset Management Pilot Use Case In The Project Ensemble Sandbox

Date 28/10/2024

The Securities and Futures Commission (SFC) is pleased to announce a step forward in the realm of asset management, as one of the Project Ensemble Sandbox participants – a financial institution – successfully completed a first-of-its-kind simulation of the dealing and trading process of a tokenised money market fund (MMF) using tokenised deposits (TD) within the Sandbox environment.

HKEX To Launch HKEX Virtual Asset Index Series

Date 28/10/2024

Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce today (Monday) the launch of the HKEX Virtual Asset Index Series (Index Series), offering a reliable benchmark for a fast-emerging asset class that supports Hong Kong's development as Asia's leading digital assets hub.

Dalian Commodity Exchange: Notice On Listing And Trading Of Log Futures

Date 28/10/2024

The China Securities Regulatory Commission (CSRC) has officially approved the registration of Log futures on Dalian Commodity Exchange (DCE) . 

Shenzhen Stock Exchange Market Bulletin, October 25, 2024, Issue 33

Date 28/10/2024

Click here to download Shenzhen Stock Exchange's market bulletin issue 33.

Charting A Regulatory Roadmap For Hong Kong’s Virtual Asset Market, Keynote Address At Hong Kong Fintech Week 2024, Dr Eric Yip Executive Director, Intermediaries, Hong Kong Securities And Futures Commission, 28 October 2024

Date 28/10/2024

Honourable guests, ladies and gentlemen, good morning. It’s my pleasure to be here at FinTech Week.

I may have joined the Securities and Futures Commission (SFC) for only five months, but I have attended quite a number of regulatory events. At all these events, a recurring topic that has stood out is virtual assets. Virtual assets are at the forefront of every financial regulator’s agenda, including the SFC’s. The market already trading in sizeable volumes is too big to ignore. This also means a large number of investors out there need to be protected through regulation and education. At the same time, we have seen genuine momentum for innovation, and the vast potential of distributed ledger technology (DLT) is waiting to be unleashed. Today, the Hong Kong Fintech Week is a timely occasion for me to share with you the SFC’s virtual asset journey and our plans ahead.