Securities / Derivatives

Bangladesh Banks to Get Credit Support for Stock Market Investment

17/02/2020

Stock market investment through the credit support package will not count towards the maximum allowed stock market exposure of 25% of capital.

Enforcement

APRA, ASIC Welcome Reforms on Superannuation Regulation

17/02/2020

ASIC will be focused on conduct issues involving superannuation trustees, while APRA will be focused on prudential supervision of trustee activities.

Enforcement

FSC Korea to Lower Derivatives Mis-selling Fines for Woori, KEB Hana

17/02/2020

The FSC will impose lower penalties than what was recommended by the FSS, citing the two banks’ cooperation and their agreements to compensate clients for damages.

Enforcement

ASIC Imposes Lifetime Ban on Macquarie Equities Adviser

17/02/2020

The adviser misrepresented the value of his client’s portfolio on 19 separate occasions, and engaged in trading without proper authority of the client.

Fintech / Regtech

HKMA Invites Tenders to Facilitate Regtech Adoption in Banking

17/02/2020

The HKMA is inviting tenders for the provision of professional services to help it facilitate the adoption of regtech by the banking industry.

Market Infrastructure

MAS Issues Guidance on Investment Suitability, Pricing in Private Banking

17/02/2020

MAS looks to private banks’ boards and senior management to ensure the effectiveness of policies, processes, controls and systems in sales and advisory practices, and to shape the staff behaviour.

Securities / Derivatives

SEBI Introduces New System to Detect Broker Misuse of Client Securities

17/02/2020

An online register will record brokers’ holdings of client securities, clubbing all such information collected by exchanges, depositories and clearing corporations for all types of trades.

Fintech / Regtech

S. Korea FSC to Educate Market New Data Usage Rules

17/02/2020

Pseudonymised personal information may be used without customer consent for statistical, industry research and public documentation purposes.

Enforcement

HK SFC Fines Wealth Manager for Noncompliance with Taiwan Laws

17/02/2020

Capital Global Management Limited was distributing offshore investment funds and offering investment advice in Taiwan despite not being authorised by Taiwan’s regulator.