Securities / Derivatives

SFC Allows Broader Master-Feeder ETF Offerings in Hong Kong

17/05/2024

The SFC is extending the existing streamlined requirements for master ETFs to overseas-listed actively managed ETFs.

Market Infrastructure

Australia Advances Work to Improve Competition in Clearing, Settlement

17/05/2024

A new legislative instrument will empower ASIC to make rules to improve competition in clearing and settlement services.

Sanctions

New Zealand Announces New Round of Russia Sanctions

17/05/2024

28 individuals and 14 entities were sanctioned for providing military and strategic support for Russia’s war in Ukraine.

Fintech / Regtech

Korean Banks & Cambodia to Jointly Develop QR Payment System

16/05/2024

The NBC signed MoUs with Korea’s JB Bank, Kookmin Bank and Woori Bank to develop the cross-border QR code payment system.

Market Infrastructure

Sri Lanka to Shorten Equities Settlement Cycle from 10 June

16/05/2024

The CSE said it has amended the clearing house rules to facilitate the shortening of the settlement cycle from T+3 to T+2.

AML / KYC

Malaysia Taking Steps to Enhance AML/CFT Regime

16/05/2024

Malaysian laws are being reviewed to address “gaps and implementation issues” and “elevate beneficial ownership reporting”.

Enforcement

Korea FSS Reveals Arbitration Results for Mis-sold ELS Products

16/05/2024

The final compensation ratio in representative cases from five banks varied from 30 to 65 percent.

Enforcement

CSRC Opens Investigation Into Hedge Fund Firm

16/05/2024

The investigation was prompted by reports that the firm’s controlling shareholder “ran away”.

AML / KYC

FinCEN, SEC Propose AML Rule for Investment Advisers

16/05/2024

The rule, if adopted, would require investment advisers to implement procedures for verifying the identity of each customer.