Enforcement

TAIFEX Amends Rules to Increase Penalties for Violations

23/07/2024

The amendments aim to enhance information security standards within futures firms, and better align with penalties in the securities market.

Securities / Derivatives

Tokyo Bourse Now Requires Earnings Reports in HTML Format

23/07/2024

The TSE has been testing the use of HTML format for disclosures by listed companies since December 2021. HTML submission is now mandatory.

AML / KYC

Philippines Enacts Anti-Financial Account Scamming Act

22/07/2024

The law institutionalises penalties for social engineering-related crimes and online scams, including the use of mule accounts.

Sanctions

OFAC Issues Guidance on Extended Statute of Limitations

22/07/2024

OFAC plans to extend record-keeping requirements from five to ten years, to match the new statute of limitations period.

Enforcement

Korea FSS Punishes Brokerage Firm for Mis-selling PE Funds

22/07/2024

Shinyoung Securities failed to properly explain the investment risks to customers when selling Lime and Discovery private equity funds.

AML / KYC

Philippine SEC Launches New Digital Services Platform

22/07/2024

The eSECURE platform will serve as a user’s digital passport to the different online services provided by the SEC.

Market Infrastructure

China Publishes New Rules for Commodity Price Indexes

22/07/2024

The rules specify the requirements for entities that compile and publish price indexes including disclosure, naming and internal control requirements.

Enforcement

MUFG Pledges to Prevent Recurrence of ‘Firewall’ Breaches

22/07/2024

MUFG will cut the pay of several top executives and has pledged to implement specific improvement measures to prevent any recurrence.

Sanctions

UK Imposes Sanctions on 11 Russian ‘Shadow Fleet’ Vessels

21/07/2024

The measures are part of a joint “Call to Action” with European countries to disrupt the ‘shadow fleet’ of vessels Russia uses to circumvent oil sanctions.