Securities / Derivatives

Thai SEC Launches New Mutual Fund Comparison Tool

27/12/2022

The SEC began developing the “SEC Fund Check” application in Q2 2019. A separate application called “SEC Bond Check” is also under development.

Crypto / Digital Assets

HK Police Arrest Two Men Over Halted Crypto Exchange AAX

26/12/2022

Police say the two men falsely claimed AAX was undergoing “scheduled maintenance” to suspend user withdrawals. A third individual is said to be on the run.

Fintech / Regtech

APRA Grants Full ADI Licence to Alex Bank

26/12/2022

The full ADI licence was granted 18 months after Alex Bank received its restricted ADI licence in July 2021.

Securities / Derivatives

Bursa Malaysia to Develop New Debt Fundraising Platform

26/12/2022

The platform will allow investment in small to mid-sized companies through investment notes with credit and ESG ratings.

Sanctions

EU Facing Legal Challenge Over Anti-Russia Sanctions

26/12/2022

One company and 61 individuals are seeking to challenge what they view as a violation of their rights, and the freezing of their assets by EU authorities.

Securities / Derivatives

Guangzhou Futures Exchange Launches Silicon Derivatives

23/12/2022

GFEX is the world’s first exchange to trade silicon derivatives. This is also the exchange’s first product launch.

Australia Reverses Restrictions on Litigation Funders

23/12/2022

Litigation funding arrangements are once again exempt from the managed investment scheme and AFS licensing regimes in the Corporations Act.

WTO Rules Against US in Hong Kong Labelling Dispute

23/12/2022

A WTO panel found that the US violated an obligation towards Hong Kong by giving it less favourable treatment than other WTO members.

Enforcement

Korea FSS Directs Shinhan, Woori to Improve Controls

23/12/2022

The FSS told Shinhan Bank to strengthen its fraud detection system and Woori Bank to improve its post-sale management of fund products.