Securities / Derivatives

Bursa Malaysia Proposes Amendments to Listing Requirements

01/12/2023

The amendments will enhance transparency on fund-raising exercises and require disclosure of CEO remuneration on a named basis.

Enforcement

US PCAOB Fines Chinese Audit Firm and PwC Units

01/12/2023

PwC’s Hong Kong and China units were fined a combined $7mn for failing to prevent exam cheating by over 1,000 individuals between 2018 and 2020.

Sanctions

OFAC Sanctions Individuals Linked to Mexican Timeshare Frauds

01/12/2023

OFAC says the newly sanctioned individuals and entities are linked to timeshare frauds led by a Mexican drug cartel.

Crypto / Digital Assets

US Treasury Lobbies for Powers to Pursue Foreign Crypto Firms

30/11/2023

Deputy Secretary Wally Adeyemo said Treasury is calling for legislation authorising OFAC to exercise extraterritorial jurisdiction over transactions in USD-pegged stablecoins.

APRA Consults on Next Phase of Super Fund Reporting Requirements

30/11/2023

The new collections will include data on trustee boards, product distribution arrangements, investment governance, investment manager costs, and financial statements.

Enforcement

Korean Banks, Brokers, Execs Sanctioned Over Mis-sold Funds

30/11/2023

A number of CEOs and former CEOs were sanctioned over the mis-selling of funds tied to Lime Asset Management and Optimus Asset Management.

SEBI to Amend Regulatory Framework for Special Situation Funds

30/11/2023

The revised framework proposes a dedicated supervisory framework for Special Situation Funds, and a prohibition on investing in related parties.

Securities / Derivatives

UK Court Rules That LME Nickel Trade Cancellations Were Lawful

30/11/2023

The court ruling supports the LME’s argument that its actions in March 2022 were necessary to prevent a potential market collapse.

Sanctions

OFAC Sanctions Hong Kong, Singapore Companies for Iran Trade

30/11/2023

Sanctions target more than 20 individuals and entities accused of facilitating Iranian defence sector through companies in Hong Kong, Singapore, and elsewhere.