Securities / Derivatives

ASIC Proposes to Remake Derivative Trade Repository Rules

22/06/2023

ASIC proposes to remake the 2013 rules in substantially the same form with two minor updates ahead of sunset.

Enforcement

Ex-PBOC Deputy Governor Arrested on Bribery Suspicions

22/06/2023

Fan Yifei has been arrested and is now the subject of a criminal investigation for alleged bribery and abuse of power offences.

HKEX Expands Global Footprint with New York Office

22/06/2023

HKEX chief Nicolas Aguzin said the new office will better connect “two of the most important financial centres in the world”.

Enforcement

Philippines: Lenders, Subcontractors Face Charges for Borrower Harassment

21/06/2023

Charges filed under new consumer protection law which in May 2022 explicitly outlawed the harassment and humiliation of borrowers.

Uncategorised

Australia MFAA Supports AFCA Proposal to Enhance Complaints Resolution

21/06/2023

MFAA said AFCA’s proposal will enhance the efficiency of its complaint processes and will make the scheme fairer for all participants.

Big Picture

French Regulator Calls for Global Approach to DeFi Regulation

21/06/2023

The AMF seeks a “balanced regulatory framework that will help support the sound development of decentralised finance in the long run”.

AML / KYC

AMLC Sheds Light on Terrorism Financing Threats Facing Philippines

21/06/2023

New risk assessment highlights the use of social media platforms and cryptocurrencies by terrorist groups to raise funds.

AML / KYC

Taiwan Launches Action Plan to Boost Anti-Fraud Effort

21/06/2023

The action plan includes measures to identify, block, prevent and punish fraud, and improve seizure and recovery practices.

Fintech / Regtech

SFC Grants Securities Licence to Virtual Bank for the First Time

21/06/2023

With the new licence, Mox Bank will start piloting Hong Kong and US equity trading services in the HKMA sandbox “soon”.