Securities / Derivatives

UPDATED – Taiwan Mulls Introduction of Intraday Odd-lot Trading

19/02/2019

Currently, odd-lot trades are only permitted in after-hours trading. The introduction of intraday odd-lot trading will boost daily turnover and give retail investors more choice, the FSC says.

Market Infrastructure

CBIRC Drafts New Rules for Local Government AMCs – Report

19/02/2019

Many local government-run AMCs have not been focused on dealing with bad loans as intended due to a lack of clarity on their business scope.

Market Infrastructure

SWIFT Publishes Counterparty Cybersecurity Risk Guide

19/02/2019

The guide assists organisations in incorporating their counterparties’ cybersecurity self-attestation data into their risk management frameworks and governance models.

AML / KYC

SFC Fines Guosen Securities $1.94mn for AML Breaches

19/02/2019

The Hong Kong unit of Guosen Securities failed to make enquiries into or report thousands of suspicious third party deposits.

Market Infrastructure

RBI Consults on New Requirements for Benchmark Administrators

18/02/2019

The draft directions under consultation include requirements related to administrators’ minimum net worth, governance arrangements, and organisational structure, among other requirements.

Market Infrastructure

Philippines Expands Central Bank Supervisory Powers

18/02/2019

Amendments to the BSP’s charter will boost its capitalisation and extend its supervisory remit to all financial institutions in the country.

Market Infrastructure

Big Four Auditors Face Parliamentary Scrutiny in Australia

18/02/2019

Amid an ongoing ACCC probe into the big four auditing firms, a parliamentary committee is asking for a review of the audit market to explore conflicts of interest and market dominance issues.

Uncategorised

Hong Kong Empowers FRC as Independent Auditor Oversight Body

18/02/2019

Hong Kong has gazetted an Amendment Ordinance empowering the Financial Reporting Council as an independent oversight body for the HKICPA and auditors of listed companies.

Securities / Derivatives

CBIRC Green-Lights a Fifth Bank’s Wealth Management Subsidiary

17/02/2019

ICBC has become the 5th bank to receive approval to set up a wealth management subsidiary, through which it can channel WMP funds into the stock market.