Market Abuse

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.

Operational Risk

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.

KYC & CDD

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.

Cloud & Infrastructure

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.

Trading & Investment

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%.

Trading & Investment

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.

Trading & Investment

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.

Data Privacy

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.

KYC & CDD

Hong Kong FIs Share Foreign Tax Resident Data with IRD – Report

12/09/2018

Over 1,700 financial institutions have shared customer account balances and income details with the tax authority, as required by AEOI.