Securities / Derivatives

HKEX to Commence FINI External User Testing from 1 March

28/02/2023

External user testing will occur between 1 March and 19 May. The new web-based platform will officially roll out later this year.

Securities / Derivatives

China: New Rules for Private Fund Industry to Take Effect in May

28/02/2023

Private equity and hedge fund managers will need at least CNY 10 million in paid-in capital to operate, about five times more than the existing requirements.

Market Infrastructure

Australia Seeks Input to Craft New 7-Year Cyber Security Strategy

28/02/2023

A new discussion paper released by the government says the Optus and Medibank incidents made clear that the government was “ill-equipped to respond”.

Malaysia, Cambodia to Cooperate on Capital Markets Development

28/02/2023

The securities regulators of Malaysia and Cambodia have signed an MoU agreeing to bolster cooperation and capacity building.

Enforcement

SFC Bans Former Dah Sing Bank Representative for Life

28/02/2023

The former relationship manager convinced an elderly customer to redeem an investment and then used the proceeds to repay his own debts.

AML / KYC

FATF Agrees Roadmap to Strengthen Adoption of Crypto AML Standards

28/02/2023

The roadmap will include a stocktake of steps taken globally to regulate and supervise virtual asset service providers.

HKMA Offers Guidance on Streamlining Investment Sales Process

28/02/2023

The HKMA said “misunderstandings” on the regulatory standards that may have may have lengthened investment product selling processes.

Enforcement

New York AG Files Suit Against Crypto Exchange CoinEx

28/02/2023

CoinEx falsely represented itself as being an exchange and did not register as a securities and commodities broker-dealer.

Securities / Derivatives

Taiwan FSC Announcing Easing of Short Selling Restrictions

28/02/2023

The FSC has eased the limit on the volume of intraday securities lending orders and lowered short-sale margin requirements.