Securities / Derivatives

SEBI Tightens Disclosure Standards for Alternative Investment Funds

07/02/2020

SEBI has set out minimum disclosure standards and introduced mandatory performance benchmarking for alternative investment funds.

Enforcement

AMP Ordered to Pay A$5m Penalty for Insurance Churn

06/02/2020

A federal court ordered AMP to pay a A$5.175 penalty for failing to prevent its financial planners from engaging in insurance churn for higher commissions.

Enforcement

SFC Imposes One-Year Ban on RHB Securities Analyst

06/02/2020

The analyst traded stocks covered in research reports he prepared through his father’s securities trading account held at another brokerage.

Market Infrastructure

US, Singapore Jointly Declare Opposition to Data Localisation

06/02/2020

The US and Singapore support allowing financial service suppliers to transfer data across borders and oppose generally applicable data localisation requirements.

AML / KYC

ACAMS Pledges Support for Anti-Slavery & Trafficking Initiative

06/02/2020

ACAMS will encourage financial crime professionals globally to adopt a blueprint for mobilising finance against modern slavery and human trafficking.

Capital / Liquidity

Malaysian Central Bank Publishes Inaugural D-SIBs List

06/02/2020

Maybank, CIMB and Public Bank have been designated as D-SIBs and will have to maintain extra capital buffers from 31 January 2021 to reduce the probability of failure.

Fintech / Regtech

ACCC Publishes Final Data Sharing Rules for Open Banking

06/02/2020

The Consumer Data Right Rules give legislative force to consumer requests for banks to share their data with accredited data recipients.

Market Infrastructure

ISDA to Re-consult on Pre-cessation Fallbacks This Month

06/02/2020

ISDA will consult on a single protocol that would allow participants to include both pre-cessation and permanent cessation fallbacks in derivatives trades.

Securities / Derivatives

India Streamlines FPI Registration Process

05/02/2020

The new ‘Common Application Form’ can be used for three purposes – FPI registration with SEBI, PAN issuance by the CBDT, and KYC for account opening with intermediaries.