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.

Market Infrastructure

UPDATED – Japan Suffers Payment Clearing Network Disruption

11/10/2023

Zengin-Net restored its system in the early hours of Thursday (12 October). The FSA ordered the production of a detailed report of the incident.

AML / KYC

Singapore Police Working With Meta to Stop Scams – Report

11/10/2023

The police are working with Meta to terminate WhatsApp lines believed to be used in scams and remove suspicious ads on Facebook and Instagram.

APRA Seeks Increased Transparency on Super Fund Spending

11/10/2023

APRA wants to disclose super fund expenses for marketing, sponsorships, related parties, industry bodies, director and executive remuneration, and political donations.