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.

Securities / Derivatives

Taiwan to Launch Exchange Traded Notes in Q2 2019

17/09/2018

Brokers issuing ETNs must have a net worth exceeding $325mn and a capital adequacy ratio of at least 250%.

Market Infrastructure

NEX Launches OTC Derivatives Reporting Solution in Australia

17/09/2018

The solution ensures data integrity and quality before delivery to CME Group or DTCC Asia licensed trade repositories.

Securities / Derivatives

KRX Tightens Per-Order Limit for Stock Trades

14/09/2018

Investors will be allowed to buy a maximum of 1% of a company’s total shares starting 17 September, a rule aimed at preventing error trades.

Market Infrastructure

ACCC Consults on Open Banking Data Rights Rules

13/09/2018

Consumer data rights framework to be initially applied under the open banking regime, with the big four banks set to make data available by 1 July 2019.