Market Abuse

SEBI Raids Brokers in Axis Fund Front-running Probe

29/05/2022

Fund managers of Axis Mutual Fund shared trade information with outside brokers and other entities who traded on the information ahead of Axis funds.

Clearing & Post-Trade

HKEX to Launch New IPO Settlement Platform in June 2023

29/05/2022

HKEX will host technical workshops and demonstration sessions in the coming months, and commence FINI user registration and on-boarding in Q4 2022.

Conduct, Culture & Accountability

NZ FMA Issues Record-keeping Guidance for Advice Firms

29/05/2022

The FMA says a robust record keeping practice will enhance confidence in a financial advice provider’s compliance framework.

Structural Regulation

Hong Kong, US to End Mutual Recognition of Accountants

29/05/2022

An agreement could not be reached about a requirement for US accountants to have one year of local experience to practise in Hong Kong.

Fraud, Scams & Cybercrime

Korea FSS to Extend Woori Bank Embezzlement Probe

29/05/2022

The FSS will seek to understand why Woori’s internal control system failed to detect embezzlement by its employee over ten years.

Trading & Investment

SEBI Issues New Norms to Boost Appeal of ETFs, Index Funds

29/05/2022

ETF managers must appoint at least two market makers. The minimum subscription amount required for new fund offers has been reduced.

Trading & Investment

ASIC Proposes to Extend Retail Ban on Binary Options

29/05/2022

ASIC’s product intervention order is due to expire on 7 October 2022. ASIC proposes to extend it until 1 October 2031.

Trading & Investment

Japan FSA Revises Rules on Best Execution Policy

28/05/2022

Securities firms are required to provide customers with easy-to-understand descriptions of their best execution policy.

Conduct, Culture & Accountability

SSE Proposes to Increase Transparency of Disciplinary Processes

28/05/2022

The SSE is revising its rules on disciplinary actions, reviews and hearings to enhance transparency, standardisation and efficiency.