ZCE Opens More Futures, Options to Foreign Investors

12/01/2023

Zhengzhou Commodity Exchange opens futures and options in rapeseed oil, rapeseed meal, and peanut kernel to foreign investors.

EU Considers Ban on Inducements for Selling Retail Investment Products

11/01/2023

A ban on banks paying inducements to distributors, brokers and investment advisors would fundamentally change banking business models.

Enforcement

Korean Authorities Investigate Bithumb for Possible Tax Evasion

11/01/2023

Tax authorities raided Bithumb’s headquarters in Seoul on Tuesday. Two of its former chairmen have also been the subject of separate probes.

AML / KYC

UK FCA Fines Nigeria’s Guaranty Trust Bank for AML Weaknesses

11/01/2023

The FCA said the bank’s behaviour mirrored previous misconduct, for which it was also fined in 2013 and had restrictions imposed in 2018.

ESG / Sustainability

Thai SEC Signs New Financial Services MoU with UK

11/01/2023

The MoU will focus on developing the FinTech sector, promoting sustainable finance, and increasing awareness of sustainable investment in Thailand and other ASEAN countries.

Market Infrastructure

SET, TFEX Make Rule Changes to Support New Trading System

11/01/2023

The new trading system, developed in partnership with Nasdaq, will boost order execution efficiency and increase capacity for large volume trading.

Securities / Derivatives

SEBI Allows Indian Fund Managers to Serve GIFT City FPIs

11/01/2023

FPIs will be allowed to invest in mutual fund schemes except those categorised as “thematic”, purportedly to prevent higher volatility for entire sectors.

Capital / Liquidity

CBIRC Calls Out Four Insurers for Reporting False Solvency Data

11/01/2023

AIA and PICC said the incorrect data in their solvency reports was due to an incorrect understanding of the rules as well as calculation errors.

ESG / Sustainability

Thailand Exempts New SRI Funds from Establishment Fees

11/01/2023

The fee exemptions are intended to support fund managers companies in giving more weight to sustainability-driven securities investment.