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.

Fintech / Regtech

BondEvalue Approved to Operate Fractional Bond Exchange in GIFT City

28/02/2023

GIFT City members and their clients will be able to access institutional-grade USD bonds via BondbloX Exchange.

Fintech / Regtech

SEBI Issues New Advisory on Cybersecurity Practices

28/02/2023

The advisory calls on firms to take into account concentration risk when outsourcing multiple critical services to the same third party vendor.

Market Infrastructure

NSE India Wins Final Approval to Launch Social Stock Exchange

27/02/2023

NSE said the social stock exchange would provide a new avenue for social enterprises to finance social initiatives.