AML / KYC

FinCEN to Lift 13 Year Old Sanctions on Macau’s Delta Asia Bank

12/08/2020

The sanctions were imposed under the USA Patriot Act in 2007 due to the bank’s suspected involvement with North Korean money laundering and other illegal financial activities.

Securities / Derivatives

Singapore, Israel to Enhance Supervisory Cooperation for Dual Listings

12/08/2020

SGX and the Tel-Aviv Stock Exchange entered a partnership in May 2018 pledging to engage technology companies to list on both exchanges, but so far no companies are dual listed on both.

Enforcement

SEBI to Only Accept Complaints through Online Platform

12/08/2020

SEBI’s web-based centralised grievance redressal system known as SCORES has been in operation for 9 years. A new mobile app was launched in March.

Securities / Derivatives

Malaysia SC Increases Gearing Limit for M-REITs

12/08/2020

The increase is temporary to provide Malaysian REITs greater flexibility to manage cash flows and debt and capital structures more efficiently.

AML / KYC

New Zealand FIU Boasts ‘Excellent Outcomes’ in June

12/08/2020

June saw the restraint of NZ$140mn from alleged money launderer Alexander Vinnik and the seizure of over 30 high-end cars from outlaw motorcycle gangs.

Securities / Derivatives

Chinese Firms Continue to Seek US Listings Ahead of New Rules

12/08/2020

Chinese companies already listed on US bourses will have until 1 January 2022 comply with tougher IPO standards. New listings will have to comply sooner.

Securities / Derivatives

China to Deepen Financial Sector Opening-up Despite Worsening US Ties

12/08/2020

PBOC governor Yi Gang says China will continue to open up its financial sector in line with the phase one trade deal signed with the US in January.

Securities / Derivatives

CSRC Revises Rules on Corporate Bond Issuance, Trading

11/08/2020

One of the main changes is the removal of a requirement for bond issuers to seek credit ratings, which will make it easier for companies to sell debt securities.

Securities / Derivatives

IOSCO Outlines Key Elements of Effective Market Making Programmes

11/08/2020

The key elements may help promote the provision of liquidity, strengthen investor confidence, and foster fair and efficient markets, IOSCO says.