In the news this week

Author: Lizzie Meager, John Crabb, Karry Lai | Published: 18 May 2018

Asia Pacific: clear-cut The Hong Kong Exchange will implement Listing Rules amendments on highly dilutive capital raisings. Under the new rules, rights issues, open offers and specific mandate placings, individually or when aggregated within a rolling 12-month period that would result in a cumulative material value dilution of 25% or more will be disallowed. Other changes include the imposition of mandatory minority shareholders' approval for open offers and restriction on placing of warrants or convertible securities under general mandate. 
Japan's Financial Services Agency (JFSA) aims to strengthen review standards for cryptocurrency exchange operators with new rules by summer 2018. The registration process will involve not only documentation but site visits by the JFSA to see how the exchanges operate. Customer verification processes, especially for large transfers, will be enhanced to prevent money laundering. 
The Alliance for Financial Stability with Information Technology, also...



close Register today to read IFLR's global coverage

Get unlimited access to for 7 days*, including the latest regulatory developments in the global financial sector, updated daily.

  • Deal Analysis
  • Expert Opinion
  • Best Practice


*all IFLR's global coverage published in the last 3 months.

Read IFLR's global coverage whenever and wherever you want for 7 days with IFLR mobile app for iPad and iPhone

"The format of the Review has changed over the years; the high quality of its substantive content has not."
Lee C Buchheit, Cleary Gottlieb