Market Abuse

Tokyo Prosecutors Indict SMBC Nikko Securities, Five Others

24/03/2022

Prosecutors have filed charges against SMBC Nikko Securities and five others. The head of the firm’s equity division was also arrested.

Structural Regulation

Singapore Working Group to Develop BNPL Framework

24/03/2022

The Singapore FinTech Association has formed a working group under MAS guidance to develop a BNPL framework for launch later this year.

Cryptocurrency

Thailand Bans Use of Crypto as Means of Payments

24/03/2022

From 1 April, digital asset business operators are prohibited from enabling merchants to accept digital assets as a means of payment for goods or services.

Supervision & Enforcement

RBNZ Raises Transparency of Regulatory Breaches by Banks

24/03/2022

The RBNZ has launched a new register to improve transparency about material breaches of key prudential requirements by banks.

Tokenisation

Malaysia SC Registers Two IEO Platform Operators

24/03/2022

The Initial Exchange Offering platform operators are given nine months to comply with regulatory requirements before they can commence operations.

Market Abuse

SET to Step Up Measures to Address Irregular Trading

23/03/2022

The Stock Exchange of Thailand has received SEC approval to tighten its market surveillance measures, effective from 4 April.

Fraud, Scams & Cybercrime

ACCC Launches Court Proceedings Over Crypto Ads on Facebook

23/03/2022

The ads contained links to fake media articles containing quotes attributed to public figures endorsing cryptocurrency or money-making schemes.

Clearing & Post-Trade

ASX to Implement Fallbacks in OTC Interest Rate Derivatives

23/03/2022

From 27 June, all OTC Open Contracts cleared by ASX, including legacy trades, will be treated as if they incorporated fallback provisions contained in the 2021 ISDA Definitions.

Structural Regulation

Chinese Firms Asked to Prepare Audit Documents for US Regulators

23/03/2022

US-listed companies including Baidu, JD.com and Alibaba have reportedly been asked by Chinese regulators to prepare audit documents for US regulators.