Conduct, Culture & Accountability

ASIC Imposes New Conditions for CBA Licensees

10/08/2014

The financial planning arms of the Commonwealth Bank of Australia will be subject to new financial services license conditions, the Australian Securities and Investments Commission said.

Structural Regulation

New Zealand Regulator Issues First Equity Crowd Funding Licences

06/08/2014

The Financial Markets Authority has issued its first equity crowd funding licences under the Financial Markets Conduct Act 2013. PledgeMe and Snowball Effect are New Zealand’s first licensed providers of this new financial service.

Credit Risk

India’s SEBI Seeks Ban on Wilful Defaulters Raising Funds in Market

06/08/2014

The Securities and Exchange Board of India said it is talking with the Reserve Bank of India as it finalises regulations around wilful loan defaulters.

Supervision & Enforcement

S. Korean Regulator to Reprimand Financial Firms for Illegal Loans

06/08/2014

South Korea’s chief financial regulator said he will consider punishing financial companies for making illegal loans and leave the punishment of employees up to the companies, in view of disciplinary action being mulled by authorities on hundreds of senior bank officials.

Clearing & Post-Trade

IOSCO Launches Information Repository for OTC Clearing

06/08/2014

The International Organization of Securities Commissions has launched an information repository for central clearing requirements for OTC derivatives, giving regulators and market participants consolidated information on the clearing requirements of different jurisdictions.

Trading & Investment

Indonesia Mulls Allowing Short-Term Corporate Sukuk

05/08/2014

Bank Indonesia and the Financial Services Authority are discussing the possibility of allowing the trading of short-term sukuk or Islamic bonds in a move that could diversify sharia financial products and help sharia banks raise cash in the market.

Trading & Investment

Taiwan Regulator to Get Tough on Leaks at Brokerages

05/08/2014

The Financial Supervisory Commission is taking a tougher stand on the release of client notes by securities houses involving listed companies and their stock prices in a bid to curb market speculation.

Market Abuse

China to Toughen Securities Rules against Insider Trading, IPO Fraud

05/08/2014

China’s securities regulator said it will support legislations that will offer tougher punishment for insider trading, accounting fraud, market manipulation and dereliction of duties by brokerage firms.

Market Abuse

Singapore Tightens Securities Rules

04/08/2014

Singapore is strengthening its securities rules by introducing a minimum trading price for main board shares to combat excessive speculation of low-priced securities and market manipulation.