Enforcement

China NFRA Issues New Administrative Punishment Framework

04/04/2024

The framework seeks to ensure punishments are strict and achieve deterrence effects, but also fair, reasonable, and commensurate with rule violations.

Securities / Derivatives

Vietnam Working to Boost Foreign Participation in Stock Market

04/04/2024

The SCC is looking to eliminate the pre-trade 100% margin requirement for foreign investors, expand foreign ownership limits, and mandate English disclosures.

BSP Proposes New Consumer Protection Supervisory Framework

03/04/2024

The framework sets out how the BSP will assess the risks an FI poses to consumers so that supervision can be more risk-based and calibrated.

Enforcement

Korea Probe Targets KRX, Brokers Over Suspected IPO Fraud

03/04/2024

The FSS conducted a search and seizure operation at NH Investment & Securities, Korea Investment & Securities and KRX last month.

Sanctions

US Lawmakers Propose Four New Anti-China Bills

03/04/2024

One bill would prevent index funds from investing in Chinese companies. Another would require listed companies to disclose their “China risks”.

Sanctions

BVI Government to Establish Dedicated Sanctions Unit

03/04/2024

The new unit is being established with UK support to help ensure the effective implementation and enforcement of sanctions.

Sanctions

US Urges Korea to Restrict Technology Exports to China

03/04/2024

The US has asked South Korea to restrict the flow of equipment and technologies for making high-end logic and memory chips to China.

Enforcement

Korean Banks Start Compensating Investors for HSCEI-Linked Losses

03/04/2024

KB Kookmin, Shinhan, Woori, Hana, NH NongHyup, StanChart, and Citibank all agreed to follow compensation guidelines issued by the FSS last month.

Securities / Derivatives

FSC Korea Unveils Incentives for ‘Corporate Value-up Programme’

03/04/2024

Companies that improve their corporate governance structures may receive exemptions from Korea’s stringent auditor designation requirements.