Market Data & Technology

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.

Fraud, Scams & Cybercrime

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.

PEPs & 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.

Conduct, Culture & Accountability

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.

KYC & CDD

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 Data & Technology

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.

Conduct, Culture & Accountability

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.

PEPs & 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.

Anti-Money Laundering

FATF Upgrades New Zealand on Five Recommendations

21/07/2024

Revised AML/CFT regulations adopted in June 2023 addressed most deficiencies in recommendations 14, 16, 18, 22 and 23.