Fintech / Regtech

Singapore, China Achieve ‘New Milestones in Financial Cooperation’

21/09/2018

Collaboration to focus on strengthening supervision, enhancing connectivity, cooperating on fintech and supporting the Belt and Road initiative.

Enforcement

OSE, TSE Discipline MUFG Brokerage Unit for JGB Futures Manipulation

21/09/2018

Latest disciplinary action follows a FSA fine earlier this year, after a dealer manipulated the JGB futures market using the firm’s proprietary trading account.

Securities / Derivatives

KRX Obtains SEC Class Relief on Index, Stock Options

20/09/2018

Korea Exchange members can now directly market options on local indexes and 31 individual stocks to US institutional investors.

Securities / Derivatives

Malaysia Expands Retail Access to Fixed Income Market

20/09/2018

Securities Commission has liberalised its framework for retail investment in bond and sukuk products, effective from 11 October.

Securities / Derivatives

IOSCO Publishes Guidance Addressing Equity Raising Conflicts of Interest

19/09/2018

The guidance comprises eight measures to address conflicts of interest and sets standards of conduct for market intermediaries in the equity capital raising process.

Enforcement

SFC Fines Huatai Financial for Naked Short Selling

19/09/2018

Huatai Financial’s unintentional short sale of Great Wall Motor bonus shares in 2015 was as a result of inadequate systems and internal controls.

Market Infrastructure

ASIC Details Areas for Improvements in ASX Governance

18/09/2018

The ASX Group has undertaken an extensive work programme aimed at improving technology governance and operational risk management.

AML / KYC

Global Regulation Continues to Increase KYC Complexity – Accuity

18/09/2018

The KYC process has become increasingly complex, with rising costs, onerous processes and a skills shortage presenting challenges for compliance staff, says an Accuity report.

Fintech / Regtech

MAS, CFTC Sign Fintech Cooperation Arrangement

17/09/2018

Cooperation arrangement focuses on information sharing and facilitating referrals of fintech firms between Singapore and the US.