Securities / Derivatives

CSRC Approves Fund Sales Licence for HSBC Subsidiary

04/09/2023

The HSBC subsidiary becomes the first wealth management firm to hold both an insurance brokerage and a fund sales licence in China.

Capital / Liquidity

Japan to Inject Public Funds into Regional Bank

04/09/2023

Kirayaka Bank will become the first regional bank in Japan to receive public funds since 2014.

AML / KYC

KoFIU Fines, Suspends Crypto Lender for AML Violations

04/09/2023

Crypto lender Delio failed to assess money laundering risks, had KYC lapses, and failed to restrict transactions with unregistered VASPs.

Securities / Derivatives

English Disclosure Still Inadequate in Japan Market: Survey

04/09/2023

The TSE said it plans to initiate discussions on measures that would make English disclosures mandatory for Prime Market companies.

AML / KYC

Malaysia: BNM Announces Penalties Against Ten Entities

04/09/2023

Seven entities within a group accepted deposits without a licence. Three other entities breached AML/CFT requirements.

Enforcement

Taiwan: Cathay Financial Units Fined for Connectivity Issues

04/09/2023

Cathay Securities and Cathay Futures failed to perform capacity tests and application system stress testing operations, the FSC said.

Securities / Derivatives

New Rules for CFD Trading Take Effect in Korea

03/09/2023

Only four of 13 local securities firms that offered CFD trading have decided to resume the service under the new regulations.

Fintech / Regtech

China Issues New Data Security Rules for Money Brokers

03/09/2023

The rules set out requirements for money brokers that provide data services to customers. A list of permitted data recipients is published.

Market Infrastructure

CSRC Unveils 19-Point Enhancement Plan for Beijing Stock Exchange

01/09/2023

The plan includes more market makers, and greater participation from overseas investors, publicly offered funds, and private equity funds, among other measures.