Enforcement

SFC Suspends Licence of Mason Securities Representative

30/10/2020

The former licensed representative said she had forgotten to declare an external securities trading account initially, and “could not be bothered to do so subsequently”.

ESG / Sustainability

AIMA, Simmons & Simmons Launch ESG Primer for Asia Fund Managers

30/10/2020

The primer contains key concepts and taxonomy, recent regulatory developments impacting Asia fund managers, and a checklist for developing an ESG strategy and roadmap.

Capital / Liquidity

HKMA Consults on Amendments to D-SIB Framework

30/10/2020

The amendments are aimed at improving the assessment of banks’ complexity in the D-SIB identification process, and reducing the weight of the size factor, among other changes.

Enforcement

Singapore Courts Charge Two for Cheating, False Trading

30/10/2020

Ex-KTL Global CEO Tan Kheng Yeow and OCBC Securities trading rep Tan Chun Yong are said to have been involved in a conspiracy for false trading.

Market Infrastructure

Global UPI Adoption a Key Focus for DSB in Year Ahead

28/10/2020

The DSB has expanded its Technology Advisory Committee to reflect the geographic diversity that will underpin the global UPI implementation effort.

Fintech / Regtech

Cambodia Launches Central Bank Backed Digital Currency

28/10/2020

The digital currency, known as Bakong, allows users to transfer money using a mobile app by scanning QR codes or inputting the recipient’s phone number.

Crypto / Digital Assets

Malaysia’s Guidelines on Digital Assets Enter Into Force

28/10/2020

The Securities Commission invites parties interested in registering as IEO platform operators or digital asset custodians to start submitting their applications.

Market Infrastructure

PBOC Instructs Yuan Fixing Banks to Suspend Counter-cyclical Factor

28/10/2020

The counter-cyclical factor is the adjustment contributing banks make to the daily trade-weighted reference rate that the PBOC has to date used dampen depreciation pressure.

Securities / Derivatives

CSRC Updates Rules to Protect Convertible Bond Investors

28/10/2020

Trading venues will have to develop an investor suitability management system, and securities firms will have to conduct client suitability assessments.