Cybersecurity

Japan Cyber Agency Hit by State-Sponsored Hack – Report

29/08/2023

THe breach initially occurred in October last year. NISC did not spot the problem until June this year and then disclosed it on 4 August.

Data Privacy

Taiwan Tightens Telemarketing Rules for Banks

29/08/2023

The new rules will take effect after a nine-month grace period to allow time for banks to make adjustments to their systems and processes.

Supervision & Enforcement

ASIC’s New 4-Year Plan Highlights Heavy Enforcement Focus

29/08/2023

ASIC will target scams, digitally-enabled misconduct, predatory lending, and greenwashing, while also “closely monitoring” the use of AI.

Cryptocurrency

HashKey Announces Launch of Retail Crypto Trading Service

29/08/2023

HashKey launched trading services for retail crypto investors, allowing them to trading in bitcoin and ether.

Clearing & Post-Trade

KSD-Euroclear Trading Link to Open in H1 2024

29/08/2023

The link will enable international investors to access Korean government bonds via an omnibus account opened by Euroclear at the KSD.

Conduct, Culture & Accountability

SEBI to Require Intermediaries to Sever Ties with Unregistered ‘Finfluencers’

28/08/2023

SEBI-registered intermediaries and regulated entities would also be required to stop disbursing referral fees to unregistered entities such as “finfluencers”.

Operational Risk

OCBC Suffers Near Four-hour Bank Service Outage

28/08/2023

OCBC’s internet and mobile banking platforms were disrupted from around 8.30am until around 12.20pm on Monday.

KYC & CDD

SEBI Tightens Disclosure Norms for FPIs with Concentrated Investments

28/08/2023

FPIs will have to disclose all their owners if they hold over 50% of their India AUM in a single corporate group.

Alternative Markets

DSE Seeks Rule Relaxations to Boost Alternative Trading Board

28/08/2023

The ATB was launched this January but has failed to attract investors and still has only two securities listed.