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SGX-ST Listings Disciplinary Committee Reprimands Y Ventures Group Ltd., Former CFO Chin Ngai Sung And Current And Former Directors Low Yik Jin, Low Yik Sen, Edward Tiong Yung Suh, Wong Sok Mei, Ng Tiong Gee, Twoon Wai Mun Benjamin

Date 20/10/2023

The SGX-ST Listings Disciplinary Committee (“LDC”) reprimands Y Ventures Group Ltd. (the “Company”) for breaching the following Catalist Rules:

CFFEX: Notice On Listing Of New Equity Index Futures And Options Contracts

Date 20/10/2023

• The IF2406 CSI 300 index futures contract is scheduled to be listed on October 23, 2023 at the listing benchmark price of 3539.
• The IC2406 CSI 500 index futures contract is scheduled to be listed on October 23, 2023 at the listing benchmark price of 5411.
• The IM2406 CSI 1000 index futures contract is scheduled to be listed on October 23, 2023 at the listing benchmark price of 5709.6.
• The IH2406 SSE 50 index futures contract is scheduled to be listed on October 23, 2023 at the listing benchmark price of 2410.8.
• The IO2401 series CSI 300 index options contracts are scheduled to be listed on October 23, 2023.
• The MO2401 series CSI 1000 index options contracts are scheduled to be listed on October 23, 2023.
• The HO2401 series SSE 50 index options contracts are scheduled to be listed on October 23, 2023.

ASIC Bans Former PwC Partner From Providing Financial Services For Eight Years

Date 20/10/2023

ASIC has banned former PwC Australia partner Peter-John Collins, of Sandringham, Victoria, from providing financial services or controlling an entity that carries on a financial services business for eight years. 

CFFEX: Notice On Amending 2-Year China Government Bond Futures Contract Specifications And Relevant Rules

Date 20/10/2023

China Financial Futures Exchange (the “Exchange”) hereby releases the 2-Year China Government Bond Futures Contract Specifications (Revised), and the Detailed Trading Rules of China Financial Futures Exchange for 2-Year China Government Bond Futures Contract (Revised), which have been reported to the China Securities Regulatory Commission (CSRC).

Japan Financial Services Agency: Selection Of New Executive Committee Chair Of The International Association Of Insurance Supervisors (IAIS)

Date 20/10/2023

On October 19th, The International Association of Insurance Supervisors (IAIS) announced that Shigeru Ariizumi, Vice Minister for International Affairs at the Financial Services Agency (FSA) of Japan, has been elected IAIS Executive Committee Chair, succeeding Vicky Saporta, Executive Director, Prudential Policy at the Bank of England, who will step down. Shigeru Ariizumi will assume the Chair role following the IAIS Annual General Meeting on 9 November 2023 for a two-year term, which will run through to November 2025.

CFFEX: Notice On Adjusting The Tick Size Of 2-Year China Government Bond Futures Contract

Date 20/10/2023

According to Contract Specifications and Detailed Trading Rules for 2-Year China government bond (CGB) futures amended and released on October 20, 2023, the tick size of all listed 2-Year CGB futures contracts will be adjusted to RMB 0.002 starting from the settlement period on November 6, 2023 (Monday). According to Article 43 of Detailed Trading Rules of China Financial Futures Exchange, if the closing price of preceding trading day is treated as the previous execution price (cp) during trading of 2-Year CGB futures contracts on November 7, 2023 (Tuesday), it should be rounded to RMB 0.002, which is the tick size of 2-Year CGB futures contracts, to determine the first execution price.

Parliamentary Joint Committee Opening Statement, 20 October 2023 - Opening Statement By ASIC Chair Joe Longo At The Parliamentary Joint Committee On Corporations And Financial Services, Oversight Of ASIC, The Takeovers Panel And The Corporations Legislation, 20 October 2023

Date 20/10/2023

I am pleased to appear before the Committee once more today. I am joined by Deputy Chairs Sarah Court and Karen Chester and Commissioner Kate O’Rourke. Also present today are Chief Executive Officer Warren Day and our General Counsel Chris Savundra, as well as Executive Director of Markets Calissa Aldridge and Acting Senior Executive Leader for Market Infrastructure Ben Cohn-Urbach.

Report Of Japan Financial Services Agency’s Joint Research On Analyzing Decentralized Financial System Using On-Chain And Off-Chain Data

Date 20/10/2023

In a decentralized financial system, many issues have been pointed out from the viewpoints of user protection, financial crime prevention, and financial stability, etc. In order to reap the fruits of technological innovation, it is essential to reduce these risks. In considering how to respond to various risks, risk assessment using objective and reliable data is considered important. However, as the FSB, FATF, and other organizations have pointed out in their reports, there is a lack of data necessary to understand the actual state of decentralized financial systems, including DeFi and P2P.

ASIC And APRA Release Notes On Fifth Superannuation CEO Roundtable

Date 20/10/2023

ASIC and APRA have released the public notes on the fifth Superannuation CEO Roundtable held on Wednesday 27 September 2023.

New York Attorney General James Sues Cryptocurrency Companies Gemini, Genesis, And DCG For Defrauding Investors - Sweeping Lawsuit Details How Genesis And DCG Concealed $1.1 Billion In Losses And Alleges Gemini Repeatedly Lied To Investors - AG James Seeks Restitution For Hundreds Of Thousands Of Investors Who Lost More Than $1 Billion

Date 19/10/2023

New York Attorney General Letitia James today filed a sweeping lawsuit against cryptocurrency companies Gemini Trust Company (Gemini), Genesis Global Capital, LLC and its affiliates (Genesis), and Digital Currency Group, Inc. (DCG) for defrauding more than 230,000 investors, including at least 29,000 New Yorkers, of more than $1 billion. An investigation by the Office of the Attorney General (OAG) found that Gemini lied to investors about an investment program it ran with Genesis called Gemini Earn. Gemini repeatedly assured investors that investing with Genesis through their Gemini Earn program was a low-risk investment. However, OAG’s investigation found that Gemini’s internal analyses of Genesis showed that the company’s financials were risky. The lawsuit alleges that Gemini knew Genesis’ loans were undersecured and at one point highly concentrated with one entity, Sam Bankman-Fried’s Alameda, but did not reveal this information to investors.