Securities / Derivatives

Bursa Malaysia Launches Mobile Depository Services

13/06/2019

‘Bursa Anywhere’ allows individual investors to manage their share depository account on their cellphones.

Enforcement

Commonwealth Financial Planning Completes Enforceable Undertaking

13/06/2019

ASIC is satisfied that Commonwealth Financial Planning has completed the necessary steps to address a service model that charged fees for no service.

Market Infrastructure

MAS: Remittance Firms Forbidden from Making Loans

13/06/2019

Remittance firms will be prohibited from issuing advances to individuals starting September this year, ahead of the Payment Services Act entering into force.

Market Infrastructure

Hong Kong, Singapore Cooperate on Personal Data Protection

12/06/2019

Hong Kong and Singapore’s data protection authorities have signed an MOU to strengthen cooperation on personal data protection.

UPDATED – FSC Korea to Tighten Scrutiny of Financial Conglomerates

12/06/2019

FSC chairman Choi Jong-ku is concerned with excessive intra-affiliate transactions among non-financial affiliates and opaque capital injections at Korea’s family-run business conglomerates.

Enforcement

UPDATED – Merrill Lynch in KRX Crosshairs for High-Frequency Trading

12/06/2019

KRX probe to determine if Citadel’s HFT algorithm breached fair trade rules; Merrill Lynch reprimand to be decided following alleged market disruption.

Enforcement

China Corruption Watchdog Appoints New Boss for ICBC Shanghai

12/06/2019

The appointment took employees by surprise on Friday as it was announced by an anti-corruption body official installed at ICBC rather than by the bank’s own chief.

Market Infrastructure

Australia: Think Tank Calls for Reduced Regulatory Red Tape

12/06/2019

Between five Australian regulatory agencies, over 75,000 pages of regulatory materials have been published, compared to only 9500 pages of enabling legislation.

Securities / Derivatives

Thailand to Allow Temporary Trading in Suspended Stocks

12/06/2019

For a one-month period in July, temporary trading will be allowed for SET listed securities that have been suspended for three months consecutively.