Cybersecurity

Australia Seeks Input to Craft New 7-Year Cyber Security Strategy

28/02/2023

A new discussion paper released by the government says the Optus and Medibank incidents made clear that the government was “ill-equipped to respond”.

Structural Regulation

Malaysia, Cambodia to Cooperate on Capital Markets Development

28/02/2023

The securities regulators of Malaysia and Cambodia have signed an MoU agreeing to bolster cooperation and capacity building.

Fraud, Scams & Cybercrime

SFC Bans Former Dah Sing Bank Representative for Life

28/02/2023

The former relationship manager convinced an elderly customer to redeem an investment and then used the proceeds to repay his own debts.

Anti-Money Laundering

FATF Agrees Roadmap to Strengthen Adoption of Crypto AML Standards

28/02/2023

The roadmap will include a stocktake of steps taken globally to regulate and supervise virtual asset service providers.

Trading & Investment

HKMA Offers Guidance on Streamlining Investment Sales Process

28/02/2023

The HKMA said “misunderstandings” on the regulatory standards that may have may have lengthened investment product selling processes.

Cryptocurrency

New York AG Files Suit Against Crypto Exchange CoinEx

28/02/2023

CoinEx falsely represented itself as being an exchange and did not register as a securities and commodities broker-dealer.

Trading & Investment

Taiwan FSC Announcing Easing of Short Selling Restrictions

28/02/2023

The FSC has eased the limit on the volume of intraday securities lending orders and lowered short-sale margin requirements.

Trading & Investment

BondEvalue Approved to Operate Fractional Bond Exchange in GIFT City

28/02/2023

GIFT City members and their clients will be able to access institutional-grade USD bonds via BondbloX Exchange.

Cybersecurity

SEBI Issues New Advisory on Cybersecurity Practices

28/02/2023

The advisory calls on firms to take into account concentration risk when outsourcing multiple critical services to the same third party vendor.