SEBI Calls on AIFs to Develop and Adopt Code of Conduct

12/10/2023

The industry body for alternative investment funds would help to address their use by regulated entities to circumvent regulations.

Enforcement

Goldman Sachs Sues Malaysia Over 1MDB-related Dispute

12/10/2023

The two sides are in disagreement over whether Goldman must make an interim payment against a guarantee it provided in its 2020 settlement with Malaysia.

Enforcement

Kiwibank Fined for Overcharging Transaction Fees

12/10/2023

The court said the relevant conduct involved “negligence, and no intention to deprive customers of their entitlements.”

Enforcement

SFC Bans Investment Banker for Seven Years for Sponsor Failures

12/10/2023

The SFC said there was a need to send a “strong deterrent message” that failures of sponsors and sponsor principals will not be tolerated.

ESG / Sustainability

Japan Launches Trading in New Carbon Credits Market

12/10/2023

On the first day of trading, the TSE said 3,689 tons of emissions were traded, with renewable power being the most active J-Credits category.

ESG / Sustainability

Malaysia Hosts Asia Launch of Revised OECD Principles on Corporate Governance

11/10/2023

The SC chairman said a dedicated sustainability committee has been formed on the SC Board. Deputy finance minister said Parliament will consider the establishment of “Bursa RegSub”.

AML / KYC

Malaysia to Enhance Beneficial Ownership Reporting Requirements

11/10/2023

Companies will have to keep and maintain a register of beneficial owners at their registered offices and report any changes within 14 days.

Securities / Derivatives

Korea Mulls Curbs on Stock Market Speculation by Retail Investors

11/10/2023

Governor Lee Bok-hyun said the FSS is looking to crack down on leveraged buying by retail investors and margin call risks.

Enforcement

Singapore Court Sentences Ex-Wirecard Employee to Jail

11/10/2023

The former junior finance executive was sentenced to ten weeks in jail for helping a supervisor embezzle S$47,000.