Enforcement

SEBI Quadruples Penalties Against CRAs Over IL&FS Failures

26/09/2020

In December, SEBI issued INR 2.5 million penalty orders against ICRA, India Ratings & Research and Care Ratings. This has been raised to INR 10 million.

Thailand: BOT to Revamp Banks’ Reporting Requirements

26/09/2020

The reforms will reduce data processing steps for financial institutions and the costs associated with reporting, while increasing reporting efficiency.

Securities / Derivatives

BSP Approves Sale of Unit Investment Trust Funds via Third Parties

26/09/2020

New rule amendments allow trust corporations to offer their investment products through third-party distributors, including individual and institutional agents.

Securities / Derivatives

CSRC Approves Four ETFs Tracking New SSE STAR 50 Index

26/09/2020

China Asset Management, E Fund Management, Huatai-PineBridge Fund Management and ICBC Credit Suisse Asset Management received approval.

Market Infrastructure

ASX Responds on Tranche 2 Rule Changes for CHESS Replacement

26/09/2020

The consultation on the 2nd tranche of rule changes covered operating rules relating to corporate actions, mFund and RTGS payment aspects for the new system.

Enforcement

New Zealand FMA Warns of Action Against Poor Conduct

25/09/2020

There are no excuses for conduct that presents the risk of harm to investors, customers and the integrity of the markets, says FMA chief Rob Everett.

Securities / Derivatives

Sumitomo Mitsui Under Fire for Miscounting Shareholder Votes

25/09/2020

Sumitomo Mitsui confirmed that 1,139 shareholder voting forms were not counted even though they were delivered in time.

Market Infrastructure

European Commission Grants 18 Months Equivalence to UK CCPs

25/09/2020

The European Commission says the decision will give financial market participants time to reduce their “excessive” exposures to UK-based CCPs.

AML / KYC

HKMA Issues Guidance on Remote Onboarding of Corporate Clients

25/09/2020

Onboarding processes should be designed reflecting the principle that CDD is not merely a document collection exercise, the HKMA says.