Securities / Derivatives

SEBI Grants Two-Year Reprieve for Separation of Chairman, MD Roles

15/01/2020

The top 500 listed companies by market cap have two additional years to comply with a requirement to separate the roles of chairman and managing director.

Crypto / Digital Assets

Japan FSA to Limit Crypto Leverage to 2x Deposits – Report

15/01/2020

The rule will be stricter than the 4x leverage limit imposed by the Japan Virtual Currency Exchange Association, the industry’s self-regulatory organisation.

Market Infrastructure

Malaysia to Boost Digital Payments with $110m Giveaway

15/01/2020

Every Malaysian aged 18 years and above, and earning less than 100,000 ringgit a year, is eligible to receive a one-off 30 ringgit through one of three e-wallet companies.

Securities / Derivatives

Hong Kong, China Resume Discussions on ETF Connect

15/01/2020

SFC deputy chief executive Julia Leung has indicated that discussions with the CSRC have resumed to address the technical challenges of implementing an ETF Connect.

Fintech / Regtech

China to Introduce New Rules for Online-only Banks – Report

15/01/2020

The framework will enable foreign banks in China to set up separate digital banking platforms, while also covering existing online-only banks WeBank, MYbank and AiBank.

Market Infrastructure

US Finalises Rules Expanding Foreign Investment Review Process

15/01/2020

Foreign investors will be subject to the CFIUS national security review process even for deals to take a non-controlling interest in certain US companies.

Enforcement

CFTC Penalises Mirae Asset Daewoo on Spoofing Charges

15/01/2020

Mirae Asset will pay $700,000 to settle charges against Daewoo Securities, which it acquired in April 2016 — after the spoofing conduct at issue occurred.

Market Infrastructure

IMF Calls for Global Response to Address Cybersecurity Threat

15/01/2020

To reap the benefits of new technologies to develop markets and expand financial inclusion, the security of information and communications technologies must be ensured.

AML / KYC

Singapore Convicts a Second National for Terrorism Financing

15/01/2020

Imran Kassim became the first Singapore national to be charged for terrorism financing last April, but is the second to be convicted and sentenced.