Enforcement

NZ FMA Censures Jarden Securities for Client Money Breaches

19/10/2021

OM Financial, which amalgamated with Jarden in March 2021, transfered its own money into the trust account designated to hold investor money.

Securities / Derivatives

Tokyo Stock Exchange Plans to Extend Trading Hours – Report

18/10/2021

Japan’s trading day runs for just five hours each day, an outlier among major markets. The bourse will reportedly propose a 30-minute extension.

Enforcement

SFC Penalises IPO Sponsor Over Substandard Due Diligence Work

18/10/2021

Ample Capital Limited failed to conduct adequate due diligence on suspicious cash settlements and to keep proper records of its due diligence work.

Securities / Derivatives

HKEX Launches First China A-Share Futures Contract

18/10/2021

The contract is based on the MSCI China A 50 Connect Index, which tracks the performance of 50 key Shanghai and Shenzhen stocks available via Stock Connect.

Securities / Derivatives

Goldman Approved to Take Full Ownership of China Securities Unit

18/10/2021

Goldman Sachs becomes just the second US bank to gain full ownership of its Chinese entity, after JP Morgan in August.

Enforcement

RBI Penalised StanChart, SBI for Regulatory Violations

18/10/2021

The RBI cited non-compliance with its directions on customer protection, cybersecurity, outsourcing, and reporting.

Securities / Derivatives

China Set to Open More Derivatives to Foreign Investors

18/10/2021

Qualified foreign investors will be able to trade commodity futures, commodity options, and stock index options from 1 November.

Enforcement

HK Court Jails Former Convoy, Gransing Executives

17/10/2021

Former Convoy executives conspired to dishonestly arrange for bond placement commissions to be diverted to a company they substantially owned.

AML / KYC

OFAC Issues Sanctions Guidance for Crypto Sector

17/10/2021

OFAC expects virtual currency operators to identify and block IP addresses that originate in sanctioned jurisdictions, including via VPNs.